Mazzucato, Mariana; (2023) A Mission-Oriented Strategy for Inclusive and Sustainable Economic Growth in Barbados. UCL Institute for Innovation and Public Purpose: London, UK.

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Abstract

Barbados has the potential to shape an economy that is resilient, inclusive and sustainable, and to turn some of its biggest challenges into opportunities for investment, innovation and growth. Over the past year, the UCL Institute for Innovation and Public Purpose (IIPP) has worked with the Government of Barbados and its industry and labour partners to support the development of a mission-oriented strategy for economic transformation. Prime Minister Mia Mottley and Barbados’ Social Partnership announced six missions in May, 2023 that were informed by this partnership. These missions are now in the process of being implemented. This report sets out the opportunity for bringing sustainability and inclusion goals to the center of economic policy in Barbados. It details key considerations to guide the implementation of Barbados’ mission-oriented strategy, related to coordinating a whole-of-government approach, building critical public sector capabilities, designing mission-oriented policy tools and institutions, engaging the people of Barbados, and crafting a renewed social contract between the government, labor and industry that, in the words of Prime Minister Mottley, “shares the burden and the bounty".

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