“Commercial Awareness Is Global.”
Jamaica’s SEZ Regime, especially during the Covid-19 pandemic has become an island of calm in a turbulent ocean. The SEZ Regime represents for Jamaica’s economic independence a policy instrument that creates safe haven for near shore manufacturing, logistics, distribution, outsourcing services, etc ready to serve the 1-billion-person market in the Americas and beyond.
Economic Regulation provides…the he ‘visible hand’ guiding and enabling the special economic zone (SEZ) ecosystem to work more effectively to achieving the stated economic development objectives of a SEZ Programme.
It represents, in my view, a blueprint of how to build a resilient and sustainable economy in the 21st Century, especially for a Small Island Developing State (SID).
I chose the list based on several factors, including but not limited to, the convergence of various government policies, investments, enhanced and emerging business opportunities and infrastructural decisions made by the government, private sector and civil society in 2019 and preceding years. Certain patterns have emerged that should make 2020 – best guess – a very special one for business in Jamaica.
Policy makers perusing an adoption and adaption strategy ought to craft their own start-up nation policies based on their own national circumstances but be guided by the principles of Sweden’s start-up nation success.
Let’s face it SEZ have a proven track record for economic growth and development through industrial upgrading, economic diversification and greater global value chain participation.
The seamless integration of the local economy with SEZs is critical for achieving developmental objects of SEZs.
How can a small island developing state like Jamaica thrive in the Fourth Industrial Revolution?
The answer is simply: having and implementing a vision that will allow it to secure its future in this age of disruption — the Global Logistics Hub Initiative.
Related Posts:Special Economic Zones and Global Economic Governance: Jamaica’s Economic IndependenceEconomic Regulation: The ‘visible hand’ guiding special economic zonesThe Top 20 Business Trends to look for in Jamaica in 2020What is the role of Special Economic Zones in the Jamaican economy?My random, well maybe not so random, thoughts on Special Economic Zones
I teach. And I hope my students learn. I will admit that teaching is not my profession but it is a deeply held passion. Another passion of mine is Jamaica’s development into a logistics centred economy and logistics hub. And being a adjunct lecturer of international logistics on the Post-grad programme at Excelsior Community College, in Kingston Jamaica allows me