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economy of jamaica
Title: economy of jamaica
Category: Law & Government / Government & Politics
Details: Words: 743 | Pages: 3.2 (approximately 235 words/page)
economy of jamaica
The Jamaican economy is an ailing economy and a prime example of an impoverished nation with an inadequate manufacturing infrastructure, limited nation and agricultural assets and declining foreign investments. With a decline in foreign investments Lee Bailey, President of Cruise Shipping Association who was a guest on the television program, “A Nation In Crisis” on November 2nd, 2000 at 8:30 pm live on T.V. J stated that with no water, no roads no infrastructure why would …showed first 75 words of 743 total…
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…showed last 75 words of 743 total…depend almost entirely on domestic consumption due to the sector’s inability to compete internationally, especially in the production and sale of bananas, where firms like Chiquita dominate the world market due to economies of scale.
Jamaica, once a haven for foreign investment, has experienced a continued slump since the 1980's. High taxes on foreign capital have managed to drive away many corporations, thereby limiting the capital inflows necessary for stable economic growth and development.
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