Is Government procurement a non fiscal incentive?
Government Procurement contracts is a very powerful, and yet often untapped, policy leaver to drive economic growth and development.
Tag: Special Economic Zone
Aligning business, physical and governance models critical for special economic zone success
In order for zone regimes and the investors they attract to set themselves up for the best success – have a go at it – much will depend on the regime’s design, the implementation of this design and its responsiveness to changing global investment and trade trends. What is more, both policymakers and investors alike in doing so have to make sure that their business models, physical designs and governance structures of their special economic zone are all aligned.
Lydford Logistics — creating, adding and capturing value for Jamaica
Lydford Logistics, yet another project proving why Logistics Matters, Jamaica. As the company takes shape under the logistics hub framework it is also proving why SEZs matter to Jamaica.
The role of the Jamaica Customs Agency in the regulation and monitoring of Special Economic Zones
The Jamaica Customs Agency (JCA) plays a crucial role in the regulation and monitoring of Special Economic Zones (SEZs) in Jamaica.
Special Economic Zones are booming globally
Let’s face it SEZ have a proven track record for economic growth and development through industrial upgrading, economic diversification and greater global value chain participation.
The one question to ask yourself before investing in a Special Economic Zone in Jamaica
The one question an investor needs to ask themselves before investing in a special economic zone (SEZ) in Jamaica or elsewhere is this: Am I eligible?
Jamaica’s Special Economic Zones A Logistics Centered Approach to Economic Agility and Global Competitiveness
I teach. And I hope my students learn. I will admit that teaching is not my profession but it is a deeply held passion. Another passion of mine is Jamaica’s development into a logistics centred economy and logistics hub. And being a adjunct lecturer of international logistics on the Post-grad programme at Excelsior Community College, in Kingston Jamaica allows me
What are Special Economic Zones?
Special economic zones (SEZ) are not a panacea for nation’s economic and developmental challenges. However, they are proven tools, if implemented correctly, to rapidly diversify a country’s industrial base, attract foreign direct investment (FDI), increase job creation and improve economic growth. Examples of such success range from Singapore, to China (the factory of the world), to Ethiopia( the fastest growing
Jamaica’s Special Economic Zones: Form, function, and model
The activities within the SEZs are aimed at fully integrating the Jamaican economy into the global production and distribution systems that rely on global value and supply chains. This complex and dynamic system, at the heart of globalization, places Jamaica at a critical intersection of global trade, investment and services. In a globalized environment companies face several conflicting demands simultaneously, for example there is an equal drive to both centralize and decentralize production and distribution. Additionally, companies must balance global and local demands at the same time in the sense of being able to produce and distribute worldwide but at the same time adjusting product specifications through postponement to meet the local taste of consumers through customization.
Jamaica’s special economic zone framework designed to support private sector SEZ development
Greater involvement of the private sector in the development of zones reduces the burden placed on public resources and increases the efficiency of zones by allowing them to operate under market mechanisms. International experience reveals that a significant number of governments developed and managed zones have been less effective than their private counterparts. In order to facilitate private development of zones, an appropriate legal, regulatory and institutional framework should be in place. The Government’s main role would be to regulate economic zone activities, promote the zone regime, and aggressively identify, assemble, and make available land suitable for development through PPPs or JVs or private development.