Minister of International Business and International Transport George Hutson said the week would bring to the public's attention the importance of the international business sector to the country."
He added that his ministry, with the assistance of its strategic partners, had already made strides to create new products and services which would benefit the sector and satisfy the needs of investors in the market.
President of BIBA, Melanie Jones, explained the theme was chosen to reflect the understanding that global dynamics compelled companies and individuals to find creative ways to outperform the competition if they wished to remain relevant and prosper.
"Put another way, we must innovate or perish. Barbados is a small open economy with limited resources and we are extremely vulnerable to all sorts of external shocks, be they economic or natural hazards," she said.
Jones added that the international business sector was the perfect catalyst for the cycle of innovation and growth. "The inward knowledge transfer, benchmarking against global standards and exchange of human capital between Barbados and the rest of the world, is fertile ground on which the seeds of innovation can grow," she said.
She pointed out that the transformation effect that the international business sector had on Barbados' social and economic landscape could already be seen in a number of areas including the country's modern international airport, the highway, the telecommunications sector and the extension of "towns" in the country.
Read more: http://www.caribbean360.com/index.php/business/625169.html#ixzz2AIYboWMF
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