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Tuesday, January 20, 2009

Barbados

Barbados - Is officially known as Barbados. Barbados is a North American island nation located in the western North Atlantic Ocean and Caribbean Sea. Its closest island neighbours are Saint Vincent & the Grenadines and Saint Lucia to the west. To the south lies Trinidad and Tobago—with which Barbados now shares a fixed official maritime boundary—and also the South American mainland.
The island was uninhabited when first settled by the British in 1627. Slaves worked the sugar plantations established on the island until 1834 when slavery was abolished. The economy remained heavily dependent on sugar, rum, and molasses production through most of the 20th century. The gradual introduction of social and political reforms in the 1940s and 1950s led to complete independence from the UK in 1966. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, production in recent years has diversified into light industry and tourism, with about three-quarters of Gross Domestic Product and 80% of exports being attributed to services. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce.
The origin of the name "Barbados" is controversial. The Portuguese, en route to Brazil are credited as the first Europeans to discover and name the island. It is a matter of conjecture whether the word "bearded" refers to the long, hanging roots of the bearded fig-tree, indigenous to the island, to bearded Caribs inhabiting the island, or to the foam spraying over the outlying reefs giving the impression of a beard.

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