Labour Market Forum 2010 - Planning Institute of Jamaica

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“The Role of MSMEs in Economic Expansion: What is Required of Us?” Prof. Rosalea Hamilton President, MSME Alliance VP, Development, University of Technology, Jamaica 48
OVERVIEW ⇒ The Development Challenge to be addressed in Economic Expansion (Transformation) ⇒ Role of “Entrepreneurial MSMEs” in Economic Expansion (Transformation) ⇒ What is required of “US”? o MSMEs, Government, Academics, Consumers THE DEVELOPMENT CHALLENGE Lewis’ Dual Economy Model One of the most comprehensive & enduring theory of development Key concepts of the development process: Existence of surplus labour in subsistence sector - creates low productivity, low wages & low standard of living Capitalist sector has insufficient capital to employ labour NOTE: Capital is mostly viewed as imported equipment & material, knowledge, finance & the capacity for innovation 49
Page 1 and 2: Labour Market Forum 2010 Jobs for G
Page 3 and 4: 12:00 p.m. - 12:20 p.m. Mr. Benthan
Page 6 and 7: Gladstone Anthony Hutchinson, Phd D
Page 8 and 9: Professor Rosalea Hamilton Ba (Hons
Page 10 and 11: Mr. Wayne Chen Wayne Chen is the Ch
Page 12 and 13: Mr. Benthan H. Hussey, B.A., M.Sc.
Page 14 and 15: Jamaica Producers Group, Caribbean
Page 16 and 17: Introduction In a nutshell the labo
Page 18 and 19: evenues which led to the ending of
Page 20 and 21: Despite the aforementioned challeng
Page 22 and 23: Hence, while probably a moral and n
Page 24 and 25: in the brighter promise of the futu
Page 26 and 27: As Minister of Labour with portfoli
Page 28 and 29: e-launching its Labour Market Infor
Page 30 and 31: Professional Gaps in the Labour Mar
Page 32 and 33: “Jobs for Growth: The Trade Union
Page 34 and 35: perhaps most importantly, he argued
Page 36 and 37: and the equity considerations which
Page 38 and 39: to break with the system. It is equ
Page 40 and 41: jobs, quality jobs, decent work are
Page 42 and 43: pay and productivity, important fac
Page 44 and 45: formal contracts and work is usuall
Page 46 and 47: The rise of new Keynesian thinking
Page 50 and 51: Development seen as the process of
Page 52 and 53: Growth of domestic capital at a fas
Page 54 and 55: ⇒ It is this tacit knowledge that
Page 56 and 57: Traditional sector is not generally
Page 58 and 59: ⇒ Significant investment in capac
Page 60 and 61: Overview More than a Financial Cri
Page 62 and 63: Vocational and technical training/e
Page 64 and 65: A challenge to maintain the “Cari
Page 66 and 67: It is necessary to develop and publ
Page 68 and 69: Labour Productivity an Overview →
Page 70 and 71: The level of productivity, in turn,
Page 72 and 73: Jamaica’s Labour Market: Selected
Page 74 and 75: c) Time related (69,500 and 69,300
Page 76 and 77: Productivity & the Jamaican Economy
Page 78 and 79: Table 2: Annual average increase in
Page 80 and 81: Comparative Labour Statistics (Mini
Page 82 and 83: → No guiding philosophies (e.g.,
Page 84 and 85: Factors Contributing: Consistently
Page 86 and 87: Year Gini Coefficient Unit Labour P
Page 88 and 89: An Actual Performance Based Payment
Page 90 and 91: Elements of performance payments ar
Page 92 and 93: Should any 925 unit employee choose
Page 94 and 95: Policy Requirements: Data Standardi
Page 96 and 97: → In many instances, as soon as o
Page 98 and 99:
The simple truth is that the Privat
Page 100 and 101:
We have to also bear in mind that o
Page 102 and 103:
equire to be internationally compet
Page 104 and 105:
Where are the future job opportunit
Page 106 and 107:
employ thousands, but more importan
Page 108 and 109:
time-zone gives Jamaica an advantag
Page 110 and 111:
Education and Training Many Jamaica
Page 112 and 113:
- End - 112
Page 114 and 115:
→ → 114
Page 116:
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Labour Market Forum 2010 - Planning Institute of Jamaica

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