A noted economist has warned Government to improve the management of statutory corporations or “suffer dearly”.
The caution came from first governor of the Central Bank of Barbados, Sir Courtney Blackman, who noted that despite his recommendations over the years to Prime Ministers most of them did not listen to him as it related to improving the way the public sector was being administered.
Sir Courtney was delivering the University of the West Indies Open Campus’ lunchtime lecture at the Grand Salle of the Central Bank yesterday.
The topic was Management: The Critical Factor in Economic Development.
“I have been preaching the gospel of management but with little results,” he said. “What determines whether you get a surplus or a loss is the quality of your management . . . . Little attention has been paid by economists to that relationship between management and economic growth or economic development.” (MM)
