Jamaica Gets Down to Business
After years of malaise, Jamaicans are hopeful that a new government will bring a change in economic policy. The private sector welcomes early encouraging signs.
Jamaica went into September elections saddled with crippling
debt, rising unemployment and a crime epidemic. The hurricane
that added insult to injury may have been the undoing of the
ruling People's National Party, but the private sector is
hopeful that a new administration will make a difference.
"Jamaica is just too rich
to be so poor," says prime minister Bruce Golding, whose
Jamaica Labour Party won a very tight race to end 18 years in
the political wilderness. "Jamaica must not only be open for
business but ready and anxious for investment," he told a
rapidly convened post-election economic conference in early
The occasion was a national planning summit entitled "Jamaica
Tomorrow," organised by the Private Sector Organisation of
Jamaica. All of the Caribbean nation's private sector entities
were represented, as well as the majority of the new government
ministers, key civil servants and the Bustamante Industrial
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