Search Result for: equilibrium

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Discipline and Development in Jamaica

By Dennis Chung CJ Contributor LAST Wednesday I was driving to work when I saw a man throw an orange peel and another item on the road. The confidence with which he seemed to do it implied that he thought […]

Changing the Attitude in Jamaica

By Dennis Chung CJ Contributor PROBABLY THE best known sporting brand, Nike, has a very simple tagline — “Just do it.” If you think about it, the tagline simply means that the only way to get results is to act. […]

A New Vision For Jamaica

By Dennis Chung CJ Contributor THIS week I am going to look at the positive impact we can have on Jamaican development if we were to fix the crime and bureaucracy challenges I discussed last week. I will once again […]

Doing Business in Jamaica

By Dennis Chung CJ Contributor AS I stated in my last article, I believe that Jamaica can start seeing positive economic and social development with the current set of legislative and fiscal reforms we are seeing. However, for this to […]

Dennis Chung: Jamaica in 2014

By Dennis Chung CJ Contributor AS we move towards 2014, it is natural for us to not only reflect on 2013 but also think about what we must do in 2014 to improve our lives. This should not only be […]

Transforming Productivity in Jamaica

By Dennis Chung CJ Contributor LAST WEEK I referred to what I think is Jamaica’s biggest risk (that of the unproductive human resources) and also addressed my belief that the economic programme is on the right track, given the accomplishments […]

Jamaica’s Big Risk

By Dennis Chung CJ Contributor WHILE walking, or cycling, I often see people who ask me many questions relating to the economy, finances, or issues about my second book. In the last few weeks, though, I notice that the majority […]

Is Jamaica on the Right Track?

By Dennis Chung CJ Contributor OVER the past few weeks, I have been approached by many persons who ask the questions: What is happening to the economy? Is Jamaica headed in the right direction? Is it time for me to […]

Trust and Development in Jamaica

By Dennis Chung CJ Contributor IN my article last week, I looked at the role that behaviour plays in economic growth. This week I will focus on the critical nature of trust, or confidence. As I have stated on many […]

Dennis Chung: Behaviour and Economic Growth in Jamaica

By Dennis Chung CJ Contributor LAST SATURDAY I was with my cycling group for the ride out to Palisadoes and back. After getting to the airport roundabout we usually turn and go back to Harbour View before heading back to […]

Dennis Chung: Economic and Social Transformation in Jamaica

By Dennis Chung CJ Contributor “EVERYBODY want to go to heaven, but nobody want to die”. These words were sung by Peter Tosh in “Equal Rights.” In other words, how can we expect to go to heaven if we are […]

The Jamaican Economy’s Biggest Problem

By Dennis Chung CJ Contributor ON Wednesday I attended the presentation of a report by Professor Vanus James that examined the foreign exchange policy, and what is most appropriate. The study was initiated by Edward Seaga, and is a very […]

Dennis Chung: Private Sector Growth and Jamaican Development

By Dennis Chung CJ Contributor LAST week I wrote about what the pillars of growth are. Today I want to answer a question, often asked in a roundabout way, by persons who say that the private sector has not done […]

Jamaica’s Pillars for Growth

By Dennis Chung CJ Contributor MY last article looked at how Jamaica can increase competitiveness in the tourism industry, which is critical for Jamaica because tourism is our highest foreign exchange earner, and the area in which we have always […]

Is Jamaica Serious About Tourism?

By Dennis Chung CJ Contributor EACH time I am away, I can’t help but do a comparison between the country I visit and Jamaica. In particular, I always look at the main industry of the country and contrast it against […]

Does Jamaica Need a Redesign?

By Dennis Chung CJ Contributor Playing Cricket on a Volleyball Court ANYONE who knows the game of cricket would know how difficult it would be to fit all 22 players, both umpires, and both sets of stumps on a volleyball […]

Solving Jamaica’s Crime Problem

By Dennis Chung CJ Contributor JAMAICA IS REALLY an amazing place. Over the last week, while we have all recognized the need to get economic and social development going, and in a week when we are expecting the Finance Minister […]

Bureaucracy and Jamaican Growth

By Dennis Chung CJ Contributor FINALLY WE CAN celebrate that we have an IMF agreement again in Jamaica. The real importance of the agreement is that it will bring with it a certain amount of confidence and multilateral support for […]

Dennis Chung: The Role of Government in Caribbean Economies

By Dennis Chung CJ Contributor MY MOTHER USED TO SAY of children, it is sometimes better to be seen and not heard. These were of course in the days when parents ruled children, and not as it is today. So […]

Cyprus and Jamaica

By Dennis Chung CJ Contributor PROBABLY THE MOST senseless decision I have ever seen in my lifetime, was the decision by the Cyprus government and European Union to impose a levy of up to ten per cent on bank deposits. […]

Solving Jamaica’s Foreign Exchange Crisis

By Dennis Chung CJ Contributor OVER THE LAST WEEK there have been two issues dominating the media in Jamaica, which illustrates to me that Jamaica’s foreign exchange crisis is driven primarily by the way we approach challenges. The first is […]

Sustainable Prosperity in Jamaica

By Dennis Chung CJ Contributor THERE IS SOMETHING the Honourable Dennis Lalor always says to me that has a lot of relevance for the country, and individuals. That is: “Bird seed don’t make John Crow sing.” For any reader who […]

Dennis Chung: The Cost of Cultural Habits in Jamaica

By Dennis Chung CJ Contributor IN 2011, I REMEMBER having a discussion with someone who questioned my continuous advice that people should look towards solar energy at home, and if necessary borrow the funds to install it. At the time […]

Dennis Chung: Why Devaluation Is Not Good for Jamaica

By Dennis Chung CJ Contributor OVER RECENT WEEKS there have been utterances from several quarters in Jamaica — including economists, analysts, and technocrats — about the benefits of devaluation for the country. The argument being made, is based on the […]

Dennis Chung: Jamaica’s Survival Under the International Monetary Fund

By Dennis Chung CJ Contributor AT THE END of December 2012, when it became clear no International Monetary Fund (IMF) deal was coming, I wrote an article titled “Jamaica without the IMF,” as I felt that it was important to […]

Chung: Fixing Jamaica’s Structural Deficiencies to See Growth

By Dennis Chung CJ Contributor THERE were two occurrences within the past week that reminded me that Jamaica still has a lot to do in order to see long-term sustainable development. There was an announcement that an International Monetary Fund […]

Dennis Chung: Business and Consumer Confidence in Jamaica

By Dennis Chung CJ Contributor LAST YEAR, when the Jamaica Chamber of Commerce (JCC) reported that consumer and business confidence were at their highest level for years, many persons were excited about the prospects. I remember speaking with Ralston Hyman […]

Dennis Chung: Jamaica’s Policy Options

By Dennis Chung CJ Contributor THERE ARE TWO THINGS of importance to Jamaica that occurred over the past two weeks which will have an effect on what happens to our economy going forward. The first is the update on the […]

The Ultimate Island-Hopping Vacation in The Bahamas