Jamaica should redirect austerity savings towards spurring exports, which would improve competitiveness, according to a long-standing researcher for the Global Competitiveness Report, published by the World Economic Forum, or Weforum.
“I continue to urge the Government of Jamaica to channel more of the gains from public debt reduction towards capital expenditure for export development and targeted applied research,” said Dr William Lawrence, who recently retired from the Mona School of Business & Management.
Williams is credited as a lead researcher on Jamaica for this year’s edition of the report published annually by the Switzerland-based think tank. The data on Jamaica was compiled by the Mona School of Business for Weforum.
Jamaica ranked 80 in the global study of 141 nations in the 2019 report. The year before, it ranked 79 among 140 nations.
Article from: The Gleaner