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    Beyond NIS: Building a Multi-Layered Retirement Plan

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Home Business Policy

Policy

Beyond NIS: Building a Multi-Layered Retirement Plan

By Kenroy White
2 weeks ago
in :  Business, Policy

Research indicates that setting a retirement age should account for not only life expectancy but also the type of work and the well-being of individuals. Striking a balance between financial sustainability and the humane treatment of workers is paramount. A retirement age of around 65 or 66 aligns better with average life expectancy and provides a buffer for individuals to …

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The Bridgetown Initiative: Transforming Climate Finance For A Resilient Future

By Jeremiah Dryden
June 28, 2023
in :  Business, Policy

The Bridgetown Initiative, spearheaded by Barbados Prime Minister Mia Mottley, presents a groundbreaking proposal to revolutionize climate finance and empower climate-vulnerable countries, particularly small island developing states (SIDS). This article explores the key aspects of the Bridgetown Initiative and its potential to transform the global financial system, offering a comprehensive overview of its objectives and implications. Understanding the Challenges Faced …

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‘Eat What You Grow’ and Lisa Hanna’s Perspective in Jamaica and the Caribbean

By Kenroy White
June 3, 2023
in :  Business, Policy

Food security is a pressing concern for nations across the globe, especially in the Caribbean region, where many countries heavily rely on food imports. For decades, the concept of “eat what you grow” has been at the forefront of agricultural strategies, promoting self-sufficiency and reducing dependence on imported food. However, Member of Parliament Lisa Hanna’s recent remarks have sparked a …

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Addressing the Challenges of an Aging Population

By Jeremiah Dryden
April 1, 2023
in :  Business, Policy

An aging population can have significant implications for a country’s workforce, healthcare, and social welfare systems. With declining birth rates and increasing life expectancy, many countries are facing this demographic shift. For example, Japan has one of the oldest populations in the world, with more than 28% of its citizens aged 65 or older. This has resulted in a shortage …

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Socio-Economic Implications of Raising Minimum Wage

By Jeremiah Dryden
March 28, 2023
in :  Business, Policy

Raising the minimum wage is a contentious issue that often divides stakeholders. On the one hand, advocates argue that raising the minimum wage can reduce poverty, increase consumer spending, boost productivity, and promote social justice. On the other hand, opponents claim that raising the minimum wage can increase unemployment, reduce profits, raise prices, and harm small businesses. In addition, another …

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Understanding Progressive vs. Regressive Tax Systems in Caribbean Countries

By Kenroy White
March 11, 2023
in :  Business, Policy

A progressive tax rate is a system where the percentage of tax paid increases as the income or wealth of the taxpayer increases, while a regressive tax system is one where the percentage of tax paid decreases as the income or wealth of the taxpayer increases. A progressive tax system is often designed to achieve greater income equality and reduce …

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Barbados Drafts Population Policy to Counteract Aging Population

By Kenroy White
March 9, 2023
in :  Policy

The Barbados government has released a draft population policy that aims to address the country’s declining population growth rate and its consequences, such as a decrease in the workforce and government revenues due to an aging population. The policy outlines three goals: to promote a sufficient population size, to provide opportunities for personal development, and to promote integrated settlement development. …

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IMF and Developing Nations: A Relationship of Inequality

By Kenroy White
February 28, 2023
in :  Business, Policy

The International Monetary Fund (IMF) is a global organization that provides financial assistance to member countries facing economic challenges. The IMF aims to promote international monetary cooperation and stability, facilitate the balanced growth of international trade, and provide resources to assist member countries in need. The policies and programs of the IMF often have a significant impact on the economies …

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VAT Hike and Income Tax Cut: Potential Winners and Losers

By Jeremiah Dryden
February 16, 2023
in :  Business, Policy

Barbados, like many other countries, is faced with the challenge of balancing the need for revenue generation with the need for an equitable tax system. One potential solution that has been proposed is raising VAT and lowering income tax. In this blog article, we explore the potential impact of such reforms on the Barbadian economy and society, with a particular …

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Archive

  • March 3, 2016

    Michelle, a woman on a mission

  • June 28, 2023

    Bajan Dining Experience 2023: Pat’s Place at Oistins Bay Gardens

  • October 29, 2018

    15 Bible Verses On Gifts And Giving

  • October 1, 2019

    Victoria Mutual Investments Limited stake in Carilend

  • June 20, 2020

    The Barbados Optional Savings Scheme (BOSS) Explained

  • February 6, 2022

    What Is The Metaverse?

  • October 2, 2018

    Is A Cashless Society The New Reality?

  • May 27, 2020

    How to setup Amazon Fire Tablets to use apps from the Google Play Store

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