Every country wants to increase economic growth on a consistent basis, but many people are unaware of how economic growth is achieved.
Economic growth, in simple terms, is really an increase in the real value of what a country produces this year relative to last year.
The year 2018 is one of the endless possibilities for many countries that are desperate to increase economic growth, maintain stability, reduce poverty and reduce income inequality. Despite many attempts over the last four decades by many developing as well as developed countries, income inequality remains high.
Last week, the Department of Economics at the University of West Indies, Mona, held its usual policy forum to demystify the national budget for the 2018-2019 fiscal year. Speakers included Mrs. Helene Davis-White, who gave the trade union point of view, Dr. Damien King, who gave an assessment of the important long-term trends in the budget, and me.
All governments are involved in the provision of goods and services. There is no reason why some of these should be produced by public enterprises because market forces on their own would provide them. Others, however, need the government if they are to be adequately provided. These include public goods and goods with positive externalities.
The University of the West Indies (UWI) invites you to participate in the 6th annual Scarce Commodity/Innocent Plant Symposium, to be held at the Oriental Gardens beside the UWI Chapel on April 20, 2017.
As the country awaits an announcement on the successor program to the current extended fund facility between the Government and the International Monetary Fund (IMF), the Economics Department at the University of the West Indies, Mona, is putting on the table suggestions on the way forward.
The following is a commentary on regulation ahead of the Organisation of Caribbean Utility Regulators 14th annual conference set for Montego Bay, St James, between October 26 and 28 at the Secrets Resorts and Spa.
There is an increasing need to invest in the agricultural industry due to changes in people's dietary preferences as they try to take a healthier approach to eating. Agricultural investment is also relevant due to rising local and global population rates. The Jamaican population has increased from 1.62 million people in 1962 to close to three million today.
What Is The Current Situation?
Jamaica has successfully completed 12 consecutive quarterly review tests under the Extended Fund Facility (EFF) offered by the International Monetary Fund (IMF). An internal review IMF team visited the island in August and they have outlined a set of policies necessary for Jamaica to complete the 13th review under the EFF.
Today we continue a series of guest columns ahead of the October 26-28 regional regulation conference in Montego Bay, St James. It is being organised by the Organization of Caribbean Utility Regulators (OOCUR) and hosted by the local Office of Utility Regulation (OUR).
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Our 7 faculties and 12 professional schools offer more than 200 programmes to some 18,000 graduate, undergraduate and continuing studies students.
The UWI, Mona ranks first in Jamaica among accredited tertiary-level programmes. In 2012, the University was again one of Jamaica’s Top 100 Employers.
