WE NEED RADICAL CHANGES TO OUR ECONOMIC POLICIES IF JAMAICA IS TO AVOID THE DEBT TRAP ESTIMATED AT SOME US$ 20.0 BILLION BY 2030..
Most Governments around the world especially in developed
countries have come to confirmed that Macro Economic Policies driven by interest
rates and inflation targets are worthless in ensuring sustainable growth. We must create double digit growth rates by sending a "shock wave" through the productive sectors of our economy.
The current Macro Economic Polices of the Government of Jamaica must change radically away from interest rate and inflation targets to developing a Energy Master Plan to significantly reduce the cost of energy and more specifically cutting the cost of electricity by over 70% RIGHT NOW!
"On his 2015 visit to Jamaica President Obama and his administration took the strategic decision to license Jamaica as the first country outside the North American Free Trade Area (NAFTA) for the export of US LNG and for Jamaica to become the Hub for America's Energy Exports to Latin America and the Caribbean."
Energy is the engine for the production of goods and services across all economic sectors: agriculture, industry (mining, manufacturing), transportation, commerce, public administration, etc. It is equally vital to the provision of basic civic services (health care, clean water, sanitation, etc.), to improving access to education and, ultimately, to raising incomes.
The US$730 million plus 1,200 acres of land could have
significantly transform the Jamaican economy had we invest in solar energy
instead of the north-south highway link. This could have gotten us
some 690 MW of electricity at a cost of US$0.06/kWh. Twice the generating
capacity of JPS at a delivery cost some 85% cheaper than the current cost,
creating some 110,000 jobs by 2017 adding another US$10.0 billion to our GDP.
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