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Barbados has one of the most successful economies in the Caribbean region. It has traditionally relied upon the production of Barbados sugar, rum and molasses, but production in recent years has diversified into light industry and tourism. Tourism drives the economy in Barbados, but offshore banking and financial services have become an increasingly important source of foreign exchange and economic growth. The government continues its efforts to reduce unemployment, to encourage direct foreign investment, and to privatize remaining state-owned enterprises.
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