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Abstract - Quest for Global Competitiveness - Universidad de Puerto ...

Abstract - Quest for Global Competitiveness - Universidad de Puerto ...

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Land area measured in 000’ hectares60005000400030002000100002003 2004 2005 2006 2007TrinidadCosta RicaBarbadosSingaporeJamaicaSource: Food and Agriculture Organization of the United Nations (FAO)- Various YearsIn relation to factor conditions, the measurements selected show that Jamaica lagssignificantly behind Singapore but feared better than regional economies such as Trinidadand Tobago and Costa Rica over the five year period 2003- 2007. Jamaica maintained anaverage ranking of 56 out of 134 countries over the five year period while, the best inclass country, Singapore, remained in the top three. Singapore leads Jamaica by a verylarge margin.Jamaica electricity production as measured by KWhr/mill persons is around 7000KWhr/million while Singapore, a country slightly larger than Jamaica in terms ofpopulation, has production of over 35 000kwhr/million persons. This shows thatelectricity conversion in Jamaica is not very efficient and thus significantly impacts onthe country’s factor competitiveness.Critically, the data also suggest that size is not a serious <strong>de</strong>terrent to competitiveness. Interms of land area, Singapore is the second smallest of all the countries in the study;except <strong>for</strong> Barbados. It is however, highly competitive in terms of the quality of itsinfrastructure and its electricity production. Overall, Jamaica lags significantly behindSingapore in terms of the competitiveness of the factor conditions in its diamond ofnational competitiveness.13

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