James ‘Jimmy’ Clarke, the newly appointed Chairman of the Barbados Private Sector Association (BPSA), has issued a stark warning about the pervasive impact of crime on the nation’s economy and social stability. Speaking at his inauguration ceremony held at the UWI Cave Hill School of Business, Clarke emphasized that crime is not merely a national concern but a significant threat to Barbados’ investment prospects and societal cohesion. He highlighted violent crime, drug trafficking, gang violence, cybercrime, and fraud as key issues that instill fear, cause financial losses, and tarnish the country’s reputation among investors and tourists.
Clarke stressed the importance of addressing the root causes of these crimes to foster a safer and more prosperous society. Outgoing Chair Trisha Tannis echoed these concerns, urging the BPSA to continue its active collaboration with government-led crime prevention initiatives. She referenced recent high-level engagements with the Attorney General and police leadership, calling on businesses to remain socially conscious and supportive of vulnerable groups, such as persons with disabilities.
With decades of experience as a trained engineer and business leader, Clarke outlined a vision for Barbados that prioritizes practical, collaborative solutions to enhance competitiveness, resilience, and social stability. He identified education, mental health support, and economic opportunities as critical tools to steer young people away from crime. While acknowledging positive economic indicators such as GDP growth and declining inflation since 2022, Clarke noted that the high cost of living remains a pressing challenge. He urged stakeholders to focus on efficiency, productivity, and ease of doing business to mitigate added costs.
Clarke also highlighted the need to address noncommunicable diseases through lifestyle changes, early education, and access to affordable, nutritious food. He warned of the staggering costs of medical care and lost productivity, advocating for sustainable models to improve public health. Looking ahead, Clarke called on businesses to diversify their operations, embrace digital technologies, and explore new markets to reduce reliance on traditional industries. He emphasized the private sector’s role as socially responsible institutions that support employees and contribute to community development.
In his closing remarks, Clarke underscored the importance of collaboration among government, labor, and civil society to create a vibrant society that fosters investment, supports businesses, and positions Barbados as a regional and global economic leader.