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Labour Market Forum 2010 - Planning Institute of Jamaica

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Growth <strong>of</strong> domestic capital at a faster rate than GDP and all<br />

other economic variables<br />

Developing the domestic capital sector generates externalities<br />

and internal linkages that enables:<br />

⇒ Growth <strong>of</strong> employment<br />

⇒ Growth in innovative goods & services<br />

⇒ Diversification <strong>of</strong> our economy<br />

⇒ Enhanced capacity to attract & benefit from FDIs<br />

⇒ Savings <strong>of</strong> foreign exchange<br />

⇒ Increasing export competitiveness<br />

⇒ Improvement in our Balance <strong>of</strong> Payments<br />

⇒ Reduction <strong>of</strong> our Debt Burden<br />

WHO will drive the growth <strong>of</strong> domestic capital?<br />

It is here that we can identify the pivotal role <strong>of</strong> MSMEs in the<br />

process <strong>of</strong> economic expansion<br />

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