The Jamaican government’s failure to foster economic productivity

Thesis statement: Despite the efforts of the Jamaican government to foster economic growth, its failure
to control the high crime rate, the increasing unemployment rate and high operating cost of businesses
has have resulted in an unproductive economy. These are very important factors the government needs
to address to get the economy on the right track to prosperity.

I. The Jamaican government has made attempts to promote and foster economic productivity but
has failed due to a number of social challenges resulting in low levels of investment and
employment.
A. The government’s inability to control government’s failure to control the the country’s high
crime rate remains a threat to productivity.
B. as Additionally, the high operating cost of doing business in Jamaica discourages potential
investors from coming to the country.
C. The resultant resulted in low investments in the country , the government also
has notcontributes to a succeed in controlling the high unemployment rate
CI. which has stifled economic progress. The high operating costs of doing business
in Jamaica will discourage any potential investors from coming to the country.
These are very important factors the government needs to address to get the
economy on the right track to prosperity.

II. Jamaica’s The high crime rate will has the potential to discourage FDIinvestors from investing in
Jamaica.
A. Over the pasts 5 years, the increase in crime rate has turned away many foreign investors.
B. Studies have show that there isn a negative correlationship between a high crime rate and
investment.

III. High operating costs will turn away investors from Jamaica’s economy
A. The high energy costs due to the high fuel costs which is use to produce energy
B. High import and duty on raw material and equipment makes it difficult and costly to operate
a business.

IV. Having aThe lack of investment results in high unemployment, which ultimately leads rate in any
country will lead to failure to produce economic growthin the economy.
A. A significant number of The closure of factories have been closed over the past 15 years,
resulting in increased unemployment and has led to a decline in productivity
B. Jobs Failure in Jamaica’s financial sector in the 1990s also weakened the economy.

V. High operating costs will turn away investors from Jamaica’s economy
C. The high energy costs due to the high fuel costs which is use to produce energy
 D. High import and duty on raw material and equipment makes it difficult and costly to operate
a business.

VI. Opposing argument / counter argumentIt can be argued that the government has been making
an effort to create the right environment for economic development.
A. It can be argued that tThe recent use of the state of emergency was an effort by the
government to control the high crime rate
B. The government invited the Spanish to build hotels to reduce the unemployment rate
C. The government has invested in wind turbines to reduce the energy bill

VII. Refutation
A. Even though the state of emergency has help it is not enough to control the high crime rate
B. The Spanish building hotels have helped to reduce the unemployment rate but it is not
enough they can only employ a limited amount
C. The wind turbines alone cannot solve the problem of the high energy bill

VIII. Even though the government has tried various methods to produce economic productivity, I
believe they have not done enough and need to do more. The crime rate in Jamaica has been
one of the highest in the world for sometime now, and the government has failed to control the
crime rate. Employment is the key to every economy without employment the economy will
struggle, and Jamaica’s unemployment rate is high this will lead to an unproductive economy.
The operating costs for business operation are too high when compared to other countries in the
Caribbean, the energy and duty costs are too high and this will dishearten investors from
investing in Jamaica. These factors are very important for economic progress for Jamaica and the
government must attending to these variables. The government must facilitate the right
economic model and build an environment that is attractive for investments and for the well
being of the country.