Archive for September 5th, 2011

Barbados was an economic powerhouse in the Americas and the British Empire when globalization had its initial stirrings in the 17th century.

Indeed, Barbadians were in the vanguard of what is now referred to as “Western capitalism” and the linchpin of that economic system was a mix of an aggressive drive for wealth by early Bajans whose family roots were in England, the lucrative sugar industry and the Atlantic slave trade in the Caribbean.

That historical picture was painted in Charleston, South ...

Higher international prices of agricultural commodities are starting to affect local food prices.

Wheat prices on the world market, which have steadily increased over the past year because of bad weather in wheat-producing countries like Russia, pushed domestic prices of breads and cereals up in July, the Central Bank says in its latest repo rate report.

Breads and cereals on the local market climbed 3.7 per cent on a 12-month basis up to July this year, from 2.3 per cent in June.

There ...