Articles

December, 2012

The challenge of development confronts us in every sphere of value-creating enterprise and endeavour in Jamaica. We ask why is it so difficult to get things done and to find competent people to engage in the process of development and wealth creation. Those of us who have broader frames of reference, compare how easily and efficiently transactions are concluded in an increasing number of overseas jurisdictions, and praise the productivity and know-how of their workforces. It could be reasonably argued that their core success/failure ingredient is an educated, and therefore trainable, population.

December, 2012

 The Key to an organizational culture in which ideas flourish is to be found in the ability of the leadership to embrace and manage divergent points-of-view. Hence, effective leadership rests on developing the capacity to manage disagreement and to live with challenge; regrettably, this capacity is often lacking in both political and business environments.

December, 2012

As we reflect on, and in many cases, have good reason to celebrate various aspects of the development of the social, cultural and economic life of independent Jamaica, it is indeed appropriate that we take time out to consider the role that Information & Communications Technology has played in our social and economic development; and more importantly, as we look towards our Vision 2030 Goals, the increased significance of the role that ICT must play as a driver of national growth and development. In this presentation, I will provide the government’s perspective, beginning with the historical context..

December, 2012

The Recent ruling by supreme Court Justice Bryan Sykes rejecting the exclusivity of the JPS licence may very well prove to be a catalyst for terminating the endless debate and inciting genuine transformation in electricity sector.

 

December, 2012

Jamaica's observance of 50 years of political independence has been marked by examination and analysis of the country's achievements and setbacks in several areas of national life including economic and human development. How can we use the evidence and experience of the first 50 years to achieve stronger economic growth and more resilient businesses in the decades ahead?

December, 2011

 A study by Jamaica Productivity Centre (JPC) offers evidence of the performance gap between JPS power generation and other domestic power producers; ranks the JPS distribution operations among the least efficient in the region for total distribution losses, non-technical losses and reliability; and places JPS in the group with the highest electricity prices. At issue is whether modifications to the current operations of JPS and changes to the orientation of regulation could deliver significant short term benefits by way of lower electricity prices.

December, 2011

 The continued operation of all four alumnia plants in Jamaica, including even the most efficient, CAW, depends on the industry having a long-term source of competitive energy as well as resolving certain bauxite reserves issues. Two actions are necessary to achieve these objectives: Substituting oil with a cheaper fuel and making the necessary investments to accommodate the new fuel; making the necessary investments to improve the efficiency of whatever fuel is used.

 

December, 2011

 Going forward, Government has identified LNG as the preferred fuel to replace oil as the primary fuel for generating electricity but expectations that this will substantially reduce fuel costs may be misguided. In the meantime consumers can take conservation measures to lower their electricity bills

December, 2011

 The benchmark study by the Jamaica Productivity Centre (JPC) on the Electricity Sector in Jamaica estimates that savings at least J$7.43 billion annually can be achieved if JPS reduces its system losses to the average loss recorded by 25 Latin American and Caribbean countries. An MSB-sponsored symposium on the study has elevated the debate on issues by demanding that stakeholders confront and address the evidence-based findings highlighted by the JPC

December, 2011

 The rise and fall of Ponzi Schemes such as those operated by Carlos Hill and David Smith has, naturally, raised sceptism of unregulated investment schemes. However, there are several non-traditional community-based savings and investment schemes that could be critically examined to see whether they could fill a need where they are licensed and properly regulated.

December, 2011

 While the Government is pre-occupied with resolving the differences with the IMF to smooth the way for the release of more funds under the Standby Agreement with the Fund, there are long run problems that are in need of far more policy attention. As with previous agreements with the IMF the “tyranny of the immediate” need to meet targets continues to place on the back burner long-term policy attention to social and economic development.

December, 2011

 Information and Communication Technologies will play an increasingly important role in Jamaica’s human and material development. This will require a range of policy interventions beyond creating infrastructure and providing new technology applications.

December, 2011

 Open Innovation, because of its ability to be agile and nimble and its capacity to harness global knowledge agents may be an alternative, parallel model for Jamaica to accelerate its progress towards Vision 2030.

 

 

December, 2011

 What exactly defines innovation, especially within the financial landscape? Intuitively, one understands that innovation is about creating something new. Within the financial landscape that would then mean creating and marketing new investment securities.

December, 2011

 Transformational leadership is about character, not marketing; and the measure of character is to be found not merely in who one claims to be but in the consistency and authenticity of asserted core values and the commitment that one has towards the ideals and values that he / she espouses.