What is the role of Special Economic Zones in the Jamaican economy?
The seamless integration of the local economy with SEZs is critical for achieving developmental objects of SEZs.
Tag: SEZ
Trade facilitation is investment facilitation
In a globalized world for Jamaica it is now facilitate or die. Trade facilitation is a must. And the SEZs have their role to play. For Jamaica’s Special Economic Zone Authority trade facilitation is investment facilitation.
Special economic zones and trade facilitation in Jamaica
It goes without saying but I will say it anyway, trade facilitation is important to the effective functioning of special economic zones (SEZ) in Jamaica or anywhere else in the world for that matter.
What is the Jamaica Special Economic Zone Authority?
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
My random, well maybe not so random, thoughts on Special Economic Zones Why are SEZs so important to Jamaica?
Excited about SEZs: The nerd meets the lawyer Maybe its the nerd, sorry, I mean lawyer in me that gets so excited to talk about Special Economic Zone development models….its all about structuring the deal. On a personal note the development of Jamaica’s Special Economic Zone Regime has not only been an interesting one but professionally truly gratifying having
Using Special Economic Zones to connect to the world The role of Special Economic Zones in enhancing Jamaica's trade
No man is an island, entire of itself… – John Donne Jamaica has set itself an ambitious goal and programme through its national development plan, Vision 2030, to “make Jamaica the place of choice to live, work, raise families and do business.” A critical element of Vision 2030 is transforming Jamaica into a global logistics hub which includes bringing together
Momentum maintained on solidifying Singaporean assistance to Jamaica on special economic zone development
It is always gratifying to see one’s work in contributing to Jamaica’s national development take positive steps forward. Met Jamaican PM @andrewholnessjm, who is visiting Singapore for the first time today. We discussed possible cooperation in trade, infrastructure and urban planning. Jamaica is famous for its celebrities (sprinter Usain Bolt and musician Bob Marley), music, and beautiful beaches. But the
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
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.
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.