As We See It



Posted by Editor (Wendy) on Mar 30 2016 at 3:00 PM
As We See It >> Editorial

An apparently noted foreign financial analyst admitted to a high profile audience in our capital city, Kingston recently, that despite rigorous analysis, he is unable to put a finger on the root causes of our anaemic economic growth as a country over the past forty years, which according to our statisticians amount to a meagre 1% annually.

It is obvious from our prospective, that the analyst has failed to do his homework or is blinded by his pro-globlisation bias, or worst yet, is downright dumb.  Whatever it is, the recipe for low growth is obvious here in Jamaica.

While it has not happened overnight, the vast majority of our economy is now foreign owned, from tourism, to banking, bauxite, you name it, as long as it is profitable foreigners have the majority stake and when the underground economy is factored into the equation, what else would your expect?  Unfortunately, this foreign analyst has a challenge grasping the obvious.