News

Economic “Clusters” in Jamaica?

By: Caribbean Journal Staff - December 1, 2014

Above: Jamaica (CJ Photo)

By the Caribbean Journal staff

It may be time to create economic “cliusters” to spur growth in Jamaica, according to Densil Williams, Professor of International Business and Executive Director of the Mona School of Business Management at the University of the West Indies.

Williams, who was addressing the Western Jamaica Economic Forum this week, said creating such clusters would bring “immense benefits to the business sector and ultimately the country.”

“Those of us who follow the development debates and see where economic developments are going, what we would have recognized is that the developmental trajectory has moved from this broad based broad brush approach and what they are now focusing on are what they call economic zones,” he said. “These zones are helping countries to become more vibrant players in the wider global sphere.”

A start would be by creating a “proper transportation link” between Jamaica’s two economic centres, Kingston and Montego Bay, where 70 percent of the country’s population lives.

“The thinkers in western Jamaica, who are liaising with the thinkers who frame policies for Jamaica, are to start thinking seriously about creating special economic zones within the western hemisphere,” he said.

And any proposed cluster should be focused around the leading money earner in the region — tourism.

““We have a good stock of hotel rooms, we have the ports, we have educational institutions …we have a lot of infrastructure that is already offering the services that can be provided to the rest of the world,” he said.

Popular Posts cape santa maria

From Anguilla to Aruba, the Best Caribbean Beaches to Visit This Summer

Forget the Hamptons, forget Santorini. And Florida? There’s a reason snowbirds go home in the summer. If you’re looking for a summertime beach getaway, the Caribbean is it. The water is deliciously warm, the trade winds keep you cool and […]


From Belize to Grenada, 10 Little Caribbean Beach Resorts to Visit Right Now 

karibuni

There are different resorts for different vacations, different tastes, different moods. For some, there’s something delicious about a pint-sized, tiny Caribbean resort, where the emphasis is on the intimate, the serene. Where the soundtrack isn’t a piped-in DJ set, but […]


American Airlines Adding More Flights as Cayman Islands Travel Demand Surges

american airlines beach with brush and blue sky

As part of a continued push to the Caribbean for the upcoming winter, American Airlines is adding another daily nonstop route, Caribbean Journal has learned.  American Airlines is transitioning to daily nonstop service between Dallas-Fort Worth and Grand Cayman in […]


Related Posts capital signal

How Capital Signal Is Leading the Caribbean Marine Construction Industry

In a region of islands, marine construction isn’t just important — it’s essential. For more than three decades, one company has been at the forefront of marine construction: Trinidad and Tobago’s Capital Signal, which has worked on some of the […]


Which Caribbean Islands (And Hotels) Are Hot Right Now, According to Travel Agents

hammock cove in antigua

As the summer season approaches, travelers have lots of questions, from how to avoid overly expensive flights to where to stay. Several Caribbean and Mexico travel specialists recently shared their outlook for the summer season and some tips and advice […]


This Grenada Resort Has a New Executive Chef 

grenada resort with pool inside room

If you know Grenada, you know Calabash, the luxury boutique hotel that’s always set a standard for culinary excellence on the island.  The beachfront resort is now upping its game again, with the recent appointment of a new executive chef, […]


SUBSCRIBE!

Sign up for Caribbean Journal's free newsletter for a daily dose of beaches, hotels, rum and the best Caribbean travel information on the net.


No. Thank You