Barbados Essay Research Paper BarbadosBarbados is a — страница 2

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Barbados carries on trade with other Caribbean nations and has diplomatic relations with Cuba. Their closest relations are with the United States, and the United Kingdom. Barbados joined the United Nations is 1966. The economy of Barbados is one of the 35 upper middle-income countries of the world. They have a free-market economy, but the dominant sector is private. Their economy is based on sugar and tourism, but the government has encouraged a policy of diversification in order to achieve a more stable nation. They also depend on a light manufacturing industry. Their monetary unit is the Barbados dollar. The coins are made in 1, 5, 10, and 25 cents. The paper money is made in 1, 5, 10, 20, and 100 dollar bills. One U.S. dollar is equal to 2.01 Barbados dollar (1975). About 60%

of the land is cropland. The agriculture industry employs 7.4% of the labor force and contributes about 8.7% to the Gross Domestic Product (GDP). Sugarcane makes up over half the acreage. Bananas are also grown, but only on a limited scale. Sea island cotton is also grown. All of the farmers are required by regulations to plant at least 12% of their arable land with some food crop. Barbados’ natural resources include petroleum, fishing, and natural gas. The fishing industry employs about 2,500 people and 500 small boats. There aren’t any natural forests in the country. Manufacturing contributes about 11.2% to the GDP. Manufacturing and mining employ about 18.9% of the labor force. The majority of the industrial establishments are engaged in some form of sugar processing.

Sugar is the principal export. The principal imports include machinery, motor vehicles, lumber, and fuels. Barbados’ per capita income of $9,200 makes it one of the highest standards of living of all the small island states of the Eastern Caribbean. Barbados is also one of the many transshipment points for narcotics bound for the U.S. and Europe. Some of the current issues in the country consist of the pollution of coastal waters from the waste disposal ships, soil erosion, and illegal solid waste disposal that threatens contamination of aquifers. Barbados is also plagued with natural disasters such as hurricanes and landslides. Their hurricane season is between the months of June and October, which is the same season as the U.S. Bibliography Beckles, H. M. “A History of

Barbados.” (1990) Butler, K. M. “The Economics of Emancipation: Jamaica and Barbados, 1823 – 1843.” (1995) Central Intelligence Agency. “The World Factbook 1995”. 1995. Davis, K. “Cross and Crown in Barbados.” (1983) Kurian, George Thomas. “Encyclopedia of the Third World.” 1987. Levy, C. “Emancipation, Sugar, and Federalism.” (1980) Library of Congress. “World Christian Encyclopedia: A comparative Study of Churches and the Religions in the Modern World, AD 1900-2000.” Caribbean Week. “Barbados.” Payne, A. J., and Sutton, P. K., eds. “Dependency under Challenge: The Political Economy of the Commonwealth Caribbean.” (1984) Richardson, B. C., and Lowenthal, D. “Economy and Environment in the Caribbean: Barbados and the Windwards in the Late

1800s.” (1998). Showers, Victor. “The World in Figures.” 1973. Library