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Economy Of Barbados
Since the island country's independence in 1966, the economy of Barbados has been transformed from a low-income economy dependent upon sugar production into a high-income economy based on tourism and the offshore sector. Barbados went into a deep recession in the 1990s after 3 years of steady decline brought on by fundamental macroeconomic imbalances. After a painful re-adjustment process, the economy began to grow again in 1993. Growth rates have averaged between 3%–5% since then. The country's three main economic drivers are: tourism, the international business sector, and foreign direct-investment. These are supported in part by Barbados operating as a service-driven economy and an international business centre. By the end of 2012 the Barbados economy still exhibited signs of weakness. Their main export (12.53% a value of $96.5 million) is liquor, closely followed by frozen-fish (8%) and preserved-milk (6.23%) to Nigeria (a total of 41.38% at $319 million) with nearly three ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbadian Dollar
The dollar has been the currency of Barbados since 1935. Globally its currency has the ISO 4217 code ''BBD'', however, unofficially in Barbados the International vehicle registration code code BDS is also commonly used, a currency code that is otherwise reserved for Bangladesh (ISO 3166-1 country code ''BD'') outside Barbados. As such the present dollar has the ISO 4217 code ''BBD''. The Barbadian dollar is divided into 100 cents. History The history of currency in the former British colony of Barbados closely follows that of British Eastern Caribbean territories in general. Even though Queen Anne's proclamation of 1704 introduced the pound sterling currency system to the West Indies, silver pieces of eight (Spanish dollars and later Mexican dollars) continued to form a major portion of the circulating currency right into the latter half of the nineteenth century. Britain adopted the gold standard in 1821 and an imperial order-in-council of 1838 resulted in Barbados formally ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Recession
In economics, a recession is a business cycle contraction when there is a general decline in economic activity. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock, the bursting of an economic bubble, or a large-scale anthropogenic or natural disaster (e.g. a pandemic). In the United States, a recession is defined as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." The European Union has adopted a similar definition. In the United Kingdom, a recession is defined as negative economic growth for two consecutive quarters. Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply and decreasin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Premier Of Barbados ...
This is a list of prime ministers of Barbados. Premiers of Barbados (1953–1966) Queen Elizabeth II in right of the United Kingdom (1953–66) Prime Ministers of Barbados (1966–Present) Queen Elizabeth II in right of Barbados (1966–2021) President Sandra Mason (2021-present) See also * Ilaro Court * Elections in Barbados * Politics of Barbados * Prime Minister of the West Indies Federation * Governor-General of Barbados * List of Commonwealth of Nations prime ministers * List of current members of the British Privy Council Notes : Died in office. External links Barbados Elections {{BarbadosPMs Barbados *List Barbados Prime Ministers A prime minister, premier or chief of cabinet is the head of the cabinet and the leader of the ministers in the executive branch of government, often in a parliamentary or semi-presidential system. Under those systems, a prime minister is no ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
West Indies Federation
The West Indies Federation, also known as the West Indies, the Federation of the West Indies or the West Indian Federation, was a short-lived political union that existed from 3 January 1958 to 31 May 1962. Various islands in the Caribbean that were part of the British Empire, including Trinidad and Tobago, Barbados, Jamaica, and those on the Leeward and Windward Islands, came together to form the Federation, with its capital in Port of Spain, Trinidad and Tobago. The expressed intention of the Federation was to create a political unit that would become independent from Britain as a single state—possibly similar to the Canadian Confederation, Australian Commonwealth, or Central African Federation. Before that could happen, the Federation collapsed due to internal political conflicts over how it would be governed or function viably. The formation of a West Indian Federation was encouraged by the United Kingdom, but also requested by West Indian nationalists. The territori ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
British Empire
The British Empire was composed of the dominions, colonies, protectorates, mandates, and other territories ruled or administered by the United Kingdom and its predecessor states. It began with the overseas possessions and trading posts established by England between the late 16th and early 18th centuries. At its height it was the largest empire in history and, for over a century, was the foremost global power. By 1913, the British Empire held sway over 412 million people, of the world population at the time, and by 1920, it covered , of the Earth's total land area. As a result, its constitutional, legal, linguistic, and cultural legacy is widespread. At the peak of its power, it was described as " the empire on which the sun never sets", as the Sun was always shining on at least one of its territories. During the Age of Discovery in the 15th and 16th centuries, Portugal and Spain pioneered European exploration of the globe, and in the process established larg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Abolitionism In The United Kingdom
Abolitionism in the United Kingdom was the movement in the late 18th and early 19th centuries to end the practice of slavery, whether formal or informal, in the United Kingdom, the British Empire and the world, including ending the Atlantic slave trade. It was part of a wider abolitionism movement in Western Europe and the Americas. The buying and selling of slaves was made illegal across the British Empire in 1807, but owning slaves was permitted until it was outlawed completely in 1833, beginning a process where from 1834 slaves became indentured "apprentices" to their former owners until emancipation was achieved for the majority by 1840 and for remaining exceptions by 1843. Former slave owners received formal compensation for their losses from the British government, known as compensated emancipation. Origins In the 17th and early 18th centuries, English Quakers and a few evangelical religious groups condemned slavery (by then applied mostly to Africans) as un-Christian. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jamaica
Jamaica (; ) is an island country situated in the Caribbean Sea. Spanning in area, it is the third-largest island of the Greater Antilles and the Caribbean (after Cuba and Hispaniola). Jamaica lies about south of Cuba, and west of Hispaniola (the island containing the countries of Haiti and the Dominican Republic); the British Overseas Territory of the Cayman Islands lies some to the north-west. Originally inhabited by the indigenous Taíno peoples, the island came under Spanish rule following the arrival of Christopher Columbus in 1494. Many of the indigenous people either were killed or died of diseases, after which the Spanish brought large numbers of African slaves to Jamaica as labourers. The island remained a possession of Spain until 1655, when England (later Great Britain) conquered it, renaming it ''Jamaica''. Under British colonial rule Jamaica became a leading sugar exporter, with a plantation economy dependent on the African slaves and later their des ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barbados Slave Code
The Barbados Slave Code of 1661, officially titled as An Act for the better ordering and governing of Negroes, was a law passed by the Parliament of Barbados to provide a legal basis for slavery in the English colony of Barbados. It is the first comprehensive Slave Act, and the code's preamble, which stated that the law's purpose was to "protect them lavesas we do men's other goods and Chattels", established that black slaves would be treated as chattel property in the island's court. Details The slave code described black people as 'an heathenish, brutish and an uncertaine, dangerous kinde of people'. The Barbados slave code ostensibly sought to protect slaves from cruel masters ("the Negroes and other Slaves be well provided for, and guarded from the Cruelties and Insolences of themselves or other ill-tempered People or Owners") and masters (and "any Christian") from unruly slaves; in practice, it provided extensive protections for masters, but not for slaves. The law required ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dutch Brazil
Dutch Brazil ( nl, Nederlands-Brazilië), also known as New Holland ( nl, Nieuw-Holland), was a colony of the Dutch Republic in the northeastern portion of modern-day Brazil, controlled from 1630 to 1654 during Dutch colonization of the Americas. The main cities of the colony were the capital Mauritsstad (today part of Recife), Frederikstadt ( João Pessoa), Nieuw Amsterdam (Natal), Saint Louis ( São Luís), São Cristóvão, Fort Schoonenborch ( Fortaleza), Sirinhaém, and Olinda. From 1630 onward, the Dutch Republic conquered almost half of Brazil's settled European area at the time, with its capital in Recife. The Dutch West India Company (GWC) set up its headquarters in Recife. The governor, John Maurice of Nassau, invited artists and scientists to the colony to help promote Brazil and increase immigration. However, the tide turned against the Dutch when the Portuguese won a significant victory at the Second Battle of Guararapes in 1649. On 26 January 1654, the Dutch s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Debt-to-GDP Ratio
In economics, the debt-to-GDP ratio is the ratio between a country's government debt (measured in units of currency) and its gross domestic product (GDP) (measured in units of currency per year). While it is a "ratio", it is technically measured in units of year, and can be interpreted as the number of years a country needs to pay off its entire debt, if all its GDP is devoted towards it. A low debt-to-GDP ratio indicates that an economy produces goods and services sufficient to pay back debts without incurring further debt. Geopolitical and economic considerations – including interest rates, war, recessions, and other variables – influence the borrowing practices of a nation and the choice to incur further debt. It should not be confused with a deficit-to-GDP ratio, which, for countries running budget deficits, measures a country's annual net fiscal loss in a given year ( total expenditures minus total revenue, or the net change in debt per annum) as a percentage share of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bond (finance)
In finance, a bond is a type of security under which the issuer ( debtor) owes the holder ( creditor) a debt, and is obliged – depending on the terms – to repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time. The interest is usually payable at fixed intervals: semiannual, annual, and less often at other periods. Thus, a bond is a form of loan or IOU. Bonds provide the borrower with external funds to finance long-term investments or, in the case of government bonds, to finance current expenditure. Bonds and stocks are both securities, but the major difference between the two is that (capital) stockholders have an equity stake in a company (i.e. they are owners), whereas bondholders have a creditor stake in a company (i.e. they are lenders). As creditors, bondholders have priority over stockholders. This means they will be repaid in advance of stockholders, but will rank behind ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Serviced Office
A serviced office is an office or office building that is fully equipped and managed by a facility management company, also known as an office provider, which then rents individual offices or floors to other companies. Serviced offices, also referred to as managed offices, flexible offices, business centers, executive suites or executive centers, are often found in the business districts of large cities around the world. A serviced office broker will commonly help business center owners and facility management companies to rent serviced office space. Companies offering serviced offices are generally able to offer more flexible rental terms, as opposed to a conventional leased office which may require furnishing, equipment, and more restrictive leases. Space is normally flexible, allowing for additional space to be allocated at short notice, should the size of an individual business change. Serviced office providers often allow tenants to share reception services, business machines a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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