015_Global12_InSight_2013

Global 13

Global Insight2013 agriculture, construction, manufacturing and tourism sectors as region to reassure our people and friends of the safety of their lives, the four growth sectors having the greatest potential to achieve properties and investments. the objectives of promoting growth, employment, value addition We also expect that in 2013 more of our efforts in the areas of and expanding Zambia’s economic base. public infrastructure development, improved social services, job creation, privatisation, industrialisation and economic diversifica- Kamla Persad-Bissessar tion will come to fruition for the benefit of all Nigerians. Prime Minister of Trinidad and Tobago Donald Ramotar,President of Guyana 2013 will certainly be another challenging year for world leaders. The devastating effects of the fi- I hope that as a global community, we will become nancial crisis are still being experienced by many much better at recognising that international col- countries and the reality of today’s complex, hy- lective action is the only way we will meet today’s perconnected world means that few, if any coun- most pressing challenges. In a world heading for 9 tries, can remain isolated from the trickle-down billion people, and a doubling of what is termed the effect of economic fractures in previously stable super-economies. middle class, we urgently need fairer trade, climate The ensuing violence from the “Arab Spring” movement has now justice and international governance to solve problems rather than just resulted in widespread displacement. It is my hope that in 2013 we talk about them. Without these things, we will never meet challenges see an end to civil wars and the suppression of human rights, and a such as food security, energy security, climate security and poverty greater thrust towards democratic processes and institutions. alleviation. In particular, more people-centred development, which my gov- Towards this end, in Guyana, we are creating a 21st century econo- ernment is actively promoting, must be encouraged. From the com- my built on equitable development alongside efficient use of natural munity level the people must be allowed to participate in the politi- resources. In doing so we are maintaining the bulk of our rainforest cal process, with a larger role being played by women, as it is often while cutting energy related greenhouse gas emissions by more than women and children who are most impacted by social upheavals. any country in the developed world. We are also forging ahead with The interconnectedness of today’s world must be evidenced by new forms of international collective action - working with Norway a greater transfer of technology to poorer nations. A key area of on the world’s second largest scheme to avoid deforestation, working government focus should also be increased attention to corporate with Germany to maintain our world-class bio-diversity, and work- social responsibility initiatives by large multinational corporations ing with the European Union to help validate that our forestry exports in the countries in which they operate. meet EU Forest Law and Governance standards. So I hope that we will Climate change must be regarded as an inescapable reality, the see more of that in the world in 2013, where developed and developing deleterious effects of which are being and will continue to be felt countries come together to create new models of development that can by Small Island Developing Nations unless there is global con- enable mutual growth and development without causing damage to sensus on a way forward. Environmental responsibility must be the world’s climate and natural resources. accepted by all world leaders. Yet strong leadership with the will to make tough decisions and Freundel J. Stuart the ability to pursue an ‘adaptive’ agenda may yet right the course and bring about the stability and prosperity which all of us as world Prime Minister of Barbados leaders envision for our respective countries. The Chief Economist of the International Mon- etary Fund, Olivier Blanchard, recently deliv- Goodluck Ebele Jonathan ered himself of the dismal forecast that the world President of Nigeria from the crisis that began in 2008. We have paideconomy will take at least ten years to emerge The greatest challenges for the global community careful attention to that forecast. Within that con- in 2013 will undoubtedly be finding workable solu- text, we note that the recovery in the USA and the UK will continue tions to world economic recession and dealing effec- to be slow, although it appears that the Canadian economy, which tively with continuing threats to global peace and se- is important to Barbados, will do somewhat better. curity. As we continue to focus on the urgent tasks of Tourism is vitally important to Barbados, which has the advantage nation building and socio-economic development in of attracting tourists from several markets, including the US, UK, Can- Nigeria, we will have to keep an eye during the year on global economic ada and the Caribbean. We are actively pursuing new market develop- developments which may impact on our efforts to rapidly transform our ment in Latin America and Europe, and enhancing our tourism prod- nation and achieve better living conditions for our people. uct. Currently ranked 44th in the world in the Global Competitiveness While we keep doing our best to diversify our economy, our coun- Index, administrative and structural reforms, including in tax adminis- try still remains dependent to a very large extent on income from ex- tration, are underway to improve Barbados’ external competitiveness. ports of hydrocarbons. We will, therefore, continue to be concerned My government is supporting private sector investment and market- in 2013 with any developments which might threaten income from ing of international business and financial services, beverage produc- this vital national resource or the stability of the global energy market. tion, and alternative sources of energy, to further diversify the foreign Also, the effects of the rise in global terrorism have reached our exchange earnings base of the economy, thereby enhancing growth shores in recent years and confronting related security challenges prospects. We foresee a measured resumption of growth in the Bar- will remain on our front burner in 2013. badian economy, in spite of the sluggishness of several of our com- We hope that in partnership with our friends in the global com- mercial partners. We forecast a return to steady growth of about 3 munity, we will effectively stem the scourge of terrorism in our percent per year in two to three years’ time. We thus look towards country, neighbouring countries and the entire West African sub- the coming year with cautious optimism and hope. globalfirst quarter 2013 www.global-briefing.org l15


Global 13
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