“Commercial Awareness Is Global.”
In the logistics sector small is sometimes not just beautiful but very profitable. Related Posts:Logistics critical to the fabric of Jamaican society and economyThe Top 20 Business Trends to look for in Jamaica in 2020Carriage of Goods by Sea Law: moving from the sales contract to the transport contractTrade Agreements and Marketing Strategies6 Key lessons from modern logistics
Blockchain technology can enhance the sustainability of nations like Jamaica’s agricultural sector, by capturing the information which can be beneficial to all who access the distributive ledger such as farmers, retailers and consumers. It will avail farmers greater access to information such as global competitive pricing so that they can be better informed as to what to charge for their produce and not charge too much or too little. This is important for a farmer to be profitable and to a nation that is into exports such as Jamaica, they will be aware of the prices so they are competitive and make the best prices for their commodities.
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.
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.
The 9th U.S. Circuit Court of Appeals rules that it is OK legal to pay women a different salary for the same work as a man. Yes, really!!
Here are the top ten best reads to understanding Jamaica’s Special Economic Zone Regime and the mandate of the Jamaica Special Economic Zone Authority. Click on the button to expand the story.
Diverless cars have already hit the roads but what happens if one of them hits you? In other words what is the legal framework that governs this and other expressions of the so called Fourth Industrial Revolution?
The law as an economic development tool – really? Then I though yes, really! The law or better put the rule of law is a critical, if not the critical, piece of soft infrastructure that makes everything else work. No development – economic, social or environmental – can be sustained without the rule of law.
The strategic and focused use of special economic zones (SEZs) as a development tool holds a special – pun intended – place in China’s story. And as Jamaica embarks on its own journey using its modernized SEZ framework, China’s journey holds valuable insights into the remarkable transformational power of SEZs.
To understood the Hanjin bankruptcy is to understand the current state of the global shipping industry. And if Hanjin is any thing to go by, and it is, the picture isn’t good. However, it is not all doom and gloom as the shipping industry is in the process of reorganizing itself and of this Hanjin saga is simply a part.