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Old October 20th, 2020, 09:20 AM
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Don1 Don1 is offline
Reggae Prime Minister
Join Date: Oct 2007
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Default Propaganda is most effective when combined with truth...

Originally Posted by Jangle View Post
Jamaica’s successful economy, strategic location, connectivity, natural resources, cultural status and pro-business approach make it the ideal investment destination

The third-largest island in the Caribbean’s diverse economy has grown every year since 2013, with its gross domestic product (GDP) rising by 1.5 percent in 2018. “Our economy is in an excellent position. In 2018, exports grew by 43 percent to $1.3 billion, business confidence has increased by 24 percent recently and Jamaica has received over $6 billion in foreign direct investment (FDI) in the last decade,” said Diane Edwards, president of Jamaica Promotions Corp. (JAMPRO), the investment and export promotion agency.

The country’s economic success has intensified since Andrew Holness was elected as prime minister in 2016. “The government has put in place platforms that will bring prosperity for all in Jamaica,” said Minister of Industry, Commerce, Agriculture and Fisheries Audley Shaw. These include reformed frameworks for taxes and the public sector that have generated economic stability. “Our mantra has been fiscal prudence. We have brought our debt-to-GDP ratio down 36 percent to 96 percent and plan to get it to 60 percent within five years,” stated Edwards.

Jamaica has many advantages for investors, especially its location. “We are between North, South and Central America, with a market of 800 million consumers within four hours of our shores. We are also directly north of the Panama Canal and have one of only two Caribbean ports that can receive the world’s largest ships,” she said. That port is part of a substantial network of transport and logistics infrastructure that is being significantly expanded to enable Jamaica to boost its position as a global hub for logistics and other industries.
... JAMPRO does a good promo/propaganda job here. That’s their mission- not critical analysis. But Jangle’s job is to issue noice JLP press releases continually - then pretend to be “balanced” 😂

The economy has recovered from the global meltdown/disaster of 2008. The past 2 administrations have seen to that stabilization. The Phillips admin did a good rescue job after the IMF failure of the prior admin with its “bitter medicine” as Anju termed it. Anju built on that platform and had fiscal space for more spending due to the debt reduction path the Phillips admin engineered. Unfortunately JA now faces another and larger global meltdown.

Growth was already trending negative in the quarter before COVID-19 hit and has not exceeded 2% for many years. The 5 in 4 thing was just election propaganda.

JA cannot grow its economy sustainably without a massive human capital upgrade to its workforce. Depending on low level industries like tourism or for riches to flow merely from logistics is a course only dummies believe will be sufficient.

It’s all about the people stupid. Having 1970s level skills in the 2020s is a prescription for persistent poverty. Change that and the country will have a fair chance at progress.. until politicians fcuk it up

Unfortunately many believe that upgrading the workforce with modern skills “tek too long” and will state that for DECADES. Man fi fool...but nuh suh

Recognizing the victims of Jamaica's horrendous criminality and exposing the Dummies supporting criminals by their deeds.. or their silence.

D1 - Xposing Dummies since 2007

Last edited by Don1 : October 20th, 2020 at 09:29 AM.
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