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The agricultural sector accounts for 3.8 percent of the GDP of Barbados and 2.9 percent of its jobs. The Government of Barbados considers agriculture to be one of the nation’s potential growth drivers and supports it through a combination of incentives and concessions to agricultural producers, high border protection, and support to research and infrastructure. Support to producers in Barbados averaged 33.4 percent of gross farm receipts in the latest 3 years of the study (2012-2014), while a significant share of total support (38 percent) was provided in the form of transfers to general services. Total transfers arising from agricultural policy reached 1.1 percent of the national GDP. All types of support decreased during the period of study, but the share of price support in support to producers increased. Reorienting agricultural policy from input subsidies and per-hectare payments towards support to general services would be beneficial for agricultural competitiveness and build a foundation for sustainable growth in agriculture.
The rural economy's contribution to development: summary of findings and policy implications; The rural contribution to development: analytical issues; The rural contribution to development: policy issues.
Three billion people live in rural areas in developing countries. Conditions for them are worse than for their urban counterparts when measured by almost any development indicator, from extreme poverty, to child mortality and access to electricity and sanitation.
World Bank Discussion Paper No. 366.Despite impressive success in improving living conditions in many Caribbean countries, poverty still persists throughout the region. This study seeks to improve our understanding of poverty in the Caribbean and the current efforts to address it. It analyzes the causes and characteristics of poverty in 15 Caribbean countries and reviews the experiences with the poverty and alleviation efforts that countries have pursued. Prepared for the 1996 meeting of the Caribbean Group for Cooperation in Economic Development, this report provides recommendations on how macroeconomic and social policies can be further oriented to reduce poverty and promote human resource development.