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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Global Value Chains Workshop: top 5 takeaways

I recently had the privilege of taking part in a global value chain workshop put on by Duke University’s Center on Globalization, Governance & Competitiveness (Duke CGGC) in Jamaica and here are my top five takeaways: Human capital development (tooling, re-tooling and right tooling) is a critical component to global value chain upgrading. Global value chains (GVC) are embedded in

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Small businesses rule the world

In the logistics sector small is sometimes not just beautiful but very profitable. Related Posts:Blockchain technology: a sustainability tool for agricultureThe expanded Panama Canal and port expansion along the US East and Gulf coastsThe air transport sector globally is a significant employer85% of World Trade is in bulk goodsGlobalization has seen a greater convergence of goods and services trade

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The 2017 G20 YEA Communiqué — Recommendations for Strengthening International Youth Entrepreneurship (And Fighting Unemployment)

The world needs a more innovative approach for global growth and employment. Growth is slowing down and unemployment, especially among youth, is rising or remaining at a high level. Demographic changes, technological advances and increased mobility are profoundly changing the world of work and are expected to do so even more in the future. A concrete solution emerges now more

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Blockchain technology: a sustainability tool for agriculture

Blockchain technology can enhance the sustainability of nations like Jamaica’s agricultural sector, by capturing the information which can be beneficial to all who access the distributive ledger such as farmers, retailers and consumers. It will avail farmers greater access to information such as global competitive pricing so that they can be better informed as to what to charge for their produce and not charge too much or too little. This is important for a farmer to be profitable and to a nation that is into exports such as Jamaica, they will be aware of the prices so they are competitive and make the best prices for their commodities.

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Jamaica’s Special Economic Zones: Form, function, and model

The activities within the SEZs are aimed at fully integrating the Jamaican economy into the global production and distribution systems that rely on global value and supply chains. This complex and dynamic system, at the heart of globalization, places Jamaica at a critical intersection of global trade, investment and services. In a globalized environment companies face several conflicting demands simultaneously, for example there is an equal drive to both centralize and decentralize production and distribution. Additionally, companies must balance global and local demands at the same time in the sense of being able to produce and distribute worldwide but at the same time adjusting product specifications through postponement to meet the local taste of consumers through customization.

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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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The G20 Young Entrepreneurs´ Alliance — a strong international voice against youth unemployment

What is the result of a combination of low rates of growth, high level of youth unemployment and an increasingly younger population in a country? An increasingly troubling economic outlook! That´s what the G20 members have faced for the past several years and in parts still face today. Therefore, the question that has to be answered is this: what policies can G20 governments adopt to address youth joblessness and disengagement and as a result encourage growth in their countries? Many economies that are rapidly developing face the challenge of finding work for large numbers of young people who will soon enter the workforce. Who can provide an answer to the challenge of youth unemployment?

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