PIOJ Growth-Inducement Strategy - Planning Institute of Jamaica

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.
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