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On Regulating Utilities

Industries that are competitive usually provide the best outcomes for society - the lowest possible prices, the highest possible quality, and efficient use of resources (raw material, capital and labour). This efficiency allows the country to get maximum output from its limited resources. Consumers and society at large benefit from competition.

The Jamaican Exchange Rate Conundrum

How Valuable Was Our Currency?

Upon receiving Independence from Britain, Jamaica strengthened its currency board system by establishing the Bank of Jamaica. The exchange rate was pegged one to one with the British pound. Annual inflation rate was low and industrial expansion, including a boom in the bauxite industry, encouraged production towards the end of the '60s.


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