Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
Labour Market Forum 2010 - Planning Institute of Jamaica
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2. The shortage <strong>of</strong> foreign exchange<br />
3. These constraints must be eliminated through investment<br />
to unlock the power <strong>of</strong> tacit knowledge that drive<br />
entrepreneurial innovation among MSMEs and accelerate<br />
related domestic capital production<br />
4. Such investment should include an Enterprise-Wide Risk<br />
Management Programme that assists “E”MSMEs to<br />
manage and mitigate the risks inherent in the creation <strong>of</strong><br />
capital<br />
Benefits <strong>of</strong> Focusing on ‘E’MSMEs<br />
⇒ Redistributes income in favour <strong>of</strong> owners <strong>of</strong> domestic<br />
capital (local creative entrepreneurs) & enables poverty<br />
alleviation<br />
The self-employed typically earns about 4-8 times<br />
more than the individual poverty line depending on<br />
their parish<br />
Importantly, it addresses the unemployment problem<br />
⇒ Improves effectiveness <strong>of</strong> Policy Regime<br />
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