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David E. Bloom

NATIONAL WORKSHOP GLOBALISATION, LIBERALISATION AND SUSTAINABLE HUMAN DEVELOPMENT IN JAMAICA February 20 - 21 2001 Jamaica. David E. Bloom. Strong Team. Jagdish Saigal Gillian Lindsay-Nanton Ajay Mahal Damien King Fiorina Mugione Aldrie Henry-Lee Dillon Alleyne Philip Castillo

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David E. Bloom

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  1. NATIONAL WORKSHOPGLOBALISATION, LIBERALISATION AND SUSTAINABLE HUMAN DEVELOPMENT IN JAMAICAFebruary 20 - 21 2001Jamaica David E. Bloom

  2. Strong Team • Jagdish Saigal • Gillian Lindsay-Nanton • Ajay Mahal • Damien King • Fiorina Mugione • Aldrie Henry-Lee • Dillon Alleyne • Philip Castillo • River Path Associates

  3. A Complex Challenge • Multi-sectoral problems require multi-sectoral solutions • “one-size fits all” mentality not enough

  4. Virtuous spirals

  5. The Three Spheres Liberalization Consistent economic growth Sustainable human development

  6. The Three Spheres • Globalization • integration of national economies • Liberalization • lowering barriers to trade & investment • Sustainable human development • long, healthy, decent lives

  7. The Three Spheres • Ultimate objective • sustainable human development • Potential enablers • liberalization and globalization • Need: • carefully managed integration into new global economy

  8. Jamaica • Problems and opportunities • Developing a vision • Delivering a future

  9. Country reports & Synthesis paper www.undp.org/fojam

  10. Poor Economic Performance • Income per capita – flat for three decades • 1970 = 40% of Singapore average income • Today = 33% of average income of bottom 20% of Singapore

  11. Expansion vs Contraction • Liberalization – impulse to grow • Human development – impulse to grow • Monetary policy – impulse to contract

  12. Manufacturing/Services Productivity • 1995 baseline, GDP per capita: • US $1658 (J$74,942) • 1: constant i.e.no fall from 1970-1995: • US $2103 (J$95,056) • 2: growth at same rate as comparison group: • US $3501 (J$158,245) • 3: Jamaica as productive as comparison group: • US $6553 (J$296,196)

  13. New World • New global economy • more competitive • less forgiving • new opportunities

  14. The Brand • Added value in a global market from: • landscape • culture • people • energy • style

  15. “Out of many policies, one future”

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