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Aligning business, physical and governance models critical for special economic zone success

In order for zone regimes and the investors they attract to set themselves up for the best success – have a go at it – much will depend on the regime’s design, the implementation of this design and its responsiveness to changing global investment and trade trends. What is more, both policymakers and investors alike in doing so have to make sure that their business models, physical designs and governance structures of their special economic zone are all aligned.

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Jamaica Special Economic Zone logo supporting the logistics hub

Understanding the functions of documents submitted to the Jamaica Special Economic Zone Authority

The Jamaica Special Economic Zone Authority (JSEZA) in its special economic zone (SEZ) application process requires applicants’ to submit a variety of documents, come get a better understanding of what those documents are and their role and importance in the JSEZA application process.

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Introducing my new e-book: Economic Zones: Special Tools For Development Placing Jamaica's Special Economic Zone Development In Context

The wait is over, my first e-book is here. Click here or see below: Now that Jamaica has embarked on its own modern SEZ programme will it be transformational for the Jamaican people and their economy or will it be a spectacular failure? By all indications, and as will be explained in the contents below, the former seems to be true.  Jamaica

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What are Special Economic Zones?

Special economic zones (SEZ) are not a panacea for nation’s economic and developmental challenges. However, they are proven tools, if implemented correctly, to rapidly diversify a country’s industrial base, attract foreign direct investment (FDI), increase job creation and improve economic growth. Examples of such success range from Singapore, to  China (the factory of the world), to Ethiopia( the fastest growing

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Jamaica’s special economic zone framework designed to support private sector SEZ development

Greater involvement of the private sector in the development of zones reduces the burden placed on public resources and increases the efficiency of zones by allowing them to operate under market mechanisms. International experience reveals that a significant number of governments developed and managed zones have been less effective than their private counterparts. In order to facilitate private development of zones, an appropriate legal, regulatory and institutional framework should be in place. The Government’s main role would be to regulate economic zone activities, promote the zone regime, and aggressively identify, assemble, and make available land suitable for development through PPPs or JVs or private development.

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A business component roadmap to Jamaica’s logistics centered economy

How is the Hub being implemented? What are the timelines? What is the economic value proposition? What type of industries will be attracted to the hub? What strategy will be used to attract the leading global companies? How will the hub be financed? What are the opportunities for local businesses?

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The expanded Panama Canal and port expansion along the US East and Gulf coasts

The expanded Panama Canal is an important catalyst for these port investments, it is only one factor that is driving the port investments on the US east and Gulf coasts. As logistics, and particularly the transport component, continue to evolve only time will tell if these investments are justified.

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