PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

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2.0 Potential Core Features of the Centre A business concept based on the clustering of related and complementary commercial activities with cultural and social products and a unique-brand place-identity: - A major Community Policing Station that conveys a secured environment, coupled with humannness and kindness, that is socially “architectured” as the emotional gateway of the Centre and path to its desirable and unique place- identity experience - Financial, banking and business services targeting MSME clients and residents - Food Court with Jamaican and international culinary variety - Movie theatre that doubles as performance stage, lecture hall and staging place for live taping of local production - Telecommunication network technology “hot zone”. This would commoditize consumers’ access to the globalized world and relationships with others that are more diverse and widespread - Superette with Pharmacy (10,000 square feet) designed for grocery carryby-walk, route-taxi and public transport - Extensive green social space which includes a therapeutic water display and a dinner-theatre amphitheatre - Commoditizing of social and cultural activities and spaces as part of the brand. This could include a Town Hall space for democratic engagement and discourse on civil society issues which would double as community meeting spaces during school hours and tutorial, mentoring (UWI, UTech, for e.g.) and study spaces during designated afternoon/evening and weekends. The clustering of these assets into an exclusive entity that offers a distinctive urban, cosmopolitan, commercial experience, and one whose economic investment offers sustained competitive returns, would be catalytic in the Downtown re-development effort. It could conciliate the Downtown renewal efforts, by creating an example of mobilizing capital to awaken and cultivate the latent and un-organized economic assets of Downtown Kingston. It could also become a portable model for exploiting opportunities in the urban centres of Portmore and Montego Bay. 189
3.0 Transparency Guarantees By design, Kingston Lifestyles will have clearly delineated and enforceable propertyrights and transparency guarantees governing State demands, responsibilities and limits, the behaviour and responsibilities of private capital and enterprise, and residents and shoppers. Of note, because of the collective consumption and production nature of these critical public and social capital infrastructures, the ring-fencing and exclusivity of our clusters is an essential element in the proposed entity’s ability to assign and enforce property-rights and ensure transparency guarantees. This is how it bounds and protects its product. 4.0 Summary Modern economic thought appreciates that sustainable market economy must value and cultivate the social and public capital of expanding the capacity and freedoms of all citizens to participate meaningfully in dignified market exchange and transactions. This creates a basic liberty that people have reason to value and protect, and fills a basic role in social living. When strategically clustered with complementary and related commercial activities, it can be transformed into a commodity that is highly valued and preserved and offers competitive returns on investment. This is the essence of Kingston Lifestyles, which offers potential investors the unique opportunity of being profitable while contributing to community empowerment. This should act as a catalyst to the important renewal and re-development of downtown Kingston. 190
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i A GROWTH-INDUCEMENT STRATEGY FOR
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To the many ordinary Jamaicans who
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Preface The Jamaican economy has ex
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for making a determined start on th
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the private sector groups, listed b
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Citibank N.A. Jamaica Branch Grace
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need for “additional fiscal space
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Chapter 2 ________________ Summary
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1.0 The Economic Situation Today 1.
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expected to provide an essential an
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Table 2.1. The Policy Framework: A
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programme of social inclusion that
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Strategic Focus Table 2.2. Growth S
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6.0 Short-Term Growth Stimulus 6.1
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decline of 2.0 - 2.2 percentage poi
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Table 2A.2. NWA Projects To be Fast
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Table 2A.5. Community Renewal Proje
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Table 2B.3. Impact of Repairing Far
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Appendix 2C Methodology of the Grow
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Part I _________ Overview 28
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2.0 Vision 2030 Jamaica Before delv
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3.0 May 2010 Security Event and Aft
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the longer than anticipated global
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April July October January April Ju
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Three industries recorded increases
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9.0 Proposals for Growth-Stimulus I
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targeted economic and social infras
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partnering with government to disco
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3.0 Growth Inducement Strategy The
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Growth-Inducement Strategy Alignmen
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50 Part II _________ Situational An
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inadequate provision of public infr
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2.0 Macroeconomic Assessment 2.1 In
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Increased global oil consumption wa
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$4,742.0 million and $688.4 million
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Non -Traditional Domestic Exports E
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negative impact of the Jamaica Debt
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ethanol and paint, whereas lower de
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Analysis of preliminary GCT data re
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The number of ship calls to the isl
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industry was, however, estimated to
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4.0 Projected Performance 4.1 Calen
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increased marketing and extension s
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Electricity & Water For FY 2010/11,
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J$ Million Figure 5.1. Private Sect
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2011/12). These extreme weather eve
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Chapter 6 ________________ Assessme
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creates allocative inefficiencies,
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Million $ Per cent Jun-10 Mar-10 De
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Table 6.1. Employed Labour Force by
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J$ million Mar-10 Dec-09 Sep-09 Jun
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FIGURE 7: GROSS NATIONAL SAVINGS RA
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4.10.2. However, the extent of the
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Part III ____________ Analytical Fr
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functional relationship between the
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It follows that: (5) s = I/Y = [S -
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However, the existence of measureme
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(d) v* = Y*/K* This is a measure of
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in Chapter 8. The mutual interactio
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Transforming the complex set of str
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Appendix 7A A Methodological Note T
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Chapter 8 ____________________ Asse
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The DBI focuses more narrowly on qu
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to ask, is it possible to predict g
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can be made to serve a very useful
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For further elaboration of the cons
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progressive Jamaica-based firms and
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Table 8.2. Jamaica: Doing Business,
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Table 8.4. Global Competitiveness I
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Table 8.5 (continued) Rank Indicato
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Rank* Constraint Table 8.7 Business
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Chapter 9 ___________________ Inter
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3.0 The Burdens of LAC’s Logistic
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conditions. These combined with a p
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Page 153 and 154: 7.0 Fundamental Steps Forward for J
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Page 157 and 158: Current Status: Cabinet by decision
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Page 161 and 162: B ____________________ Eliminating
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Page 165 and 166: 5.0 Expected Outcomes These measure
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Page 179 and 180: 5.0 Recommendations Based on the ma
Page 181 and 182: 2.5 Coexistent with the levels of u
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Page 185 and 186: Table E.2. Unemployed Labour Force
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Page 189 and 190: Table F.1 (continued) Area Type of
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Page 193 and 194: Figure G.1 Community Renewal Progra
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Page 197 and 198: Table G.2 Phased Implementation Pla
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Page 207 and 208: Figure I.1. Functions of National P
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Page 219 and 220: ight. Where we as a society fail is
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