November 30, 2007
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 November.
The occasion was a national planning summit entitled "Jamaica To
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.