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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Traditional sector is not generally responsive to<br />
adjustments <strong>of</strong> the policy instruments available to<br />
government – mainly influenced by external factors<br />
⇒ Facilitates ↑ in productivity <strong>of</strong> use <strong>of</strong> imports<br />
Every $1 spent on imports is likely to yield higher<br />
returns when used in domestic capital intensive<br />
production than in import intensive production<br />
Saves foreign exchange<br />
⇒ Facilitates intersectoral linkages & allows total output to<br />
grow & restructure to achieve international<br />
competitiveness<br />
Enhances growth <strong>of</strong> exports due to local<br />
innovativeness & creativity<br />
WHAT IS REQUIRED OF US?<br />
What is Required <strong>of</strong> MSMEs<br />
⇒ Enterprise-Wide Risk Management & Financing<br />
Programme<br />
o Provide data for risk assessment & measurement<br />
o Improve sector-related standards and technology<br />
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