Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • International News
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • #
    • Business
      • Business Bites
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup
      • Olympics
      • #
    • Videos
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obits
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Elections
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
    • International News
  • Latest
  • Business
    • Business Bites
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • Videos
  • Career & Education
  • Classifieds
  • All Woman
  • Environment
  • Webinars
  • More
    • Football
    • Elections
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Design Week
From bruk-pocket to Porscheperity?
Jamaica Labour Party LeaderAndrew Holness explaining hisparty's income tax proposalat the launch of his party'selection manifesto in the runupto the 2016 General Electionunder the theme 'From povertyto prosperity'.
Columns
Canute Thompson  
June 24, 2019

From bruk-pocket to Porscheperity?

Jamaica’s economic turnaround

Renowned and respected Miami Herald journalist Jacqueline Charles, in her June 15, 2019 piece on Jamaica’s economic turnaround, opened a can of things. For one Government senator it was a can of “awesome” things; for a business mogul it was a can of must read information. For me, it was a can of a mix of truths as well as some troubling things.

The article is entitled ‘Jamaica once couldn’t pay its light bill. Now its economy is welcoming Porsche and BMW’.

In my opinion, and in any rational reading of the title, the storyline is that the Jamaican economy has made significant progress from being a “bruk-pocket” economy, unable to pay light bills, to a more financially well-off (aka prosperous) society in which high-end motor cars are the symbols of the prosperity which has arrived. This audacious title could lead one to ask: Prosperity for whom?

Charles catalogues Jamaica’s economic journey from 2013 when the then People’s National Party Administration laid the foundations for the economic turnaround, quoting outgoing governor of the Bank of Jamaica Brian Wynter, who said that: “What we’ve seen over the last five, six, seven years are things that nobody thought you could tackle.”

For her part, Charles states: “While the People’s National Party — now out of power — started the deep spending cuts and enacted the wage freezes, the Jamaica Labour Party, which came into power campaigning against the austerity, instead built on them.”

In locating the origins of Jamaica’s turnaround in 2013, Charles’s assertions are in line with those of the International Monetary Fund and the World Bank.

The World Bank, in an April 1, 2019 report posted on its website, states: “In 2013, Jamaica launched an ambitious reform programme to stabilise the economy, reduce debt, and fuel growth, gaining national and international support.”

But with the kind of foundations which have been laid six years ago — and despite the Government’s plan of five per cent growth per annum — the economy is growing at less than two per cent per annum.

The World Bank’s April 2019 report takes account of this stating: “Stronger and more resilient economic growth is needed to eliminate poverty and boost shared prosperity. Crime and violence levels remain high, emphasising the need to address the issues of youth unemployment, education, and social cohesion.”

In a similar vein, Charles concedes: “While per capita income remains low, at about US$5,144, according to the World Bank, so too is economic growth, which has averaged annually around one per cent since 2013. The fund estimated that the economy expanded by 1.8 per cent in 2018, which is far less than the Dominican Republic’s seven per cent, which was the highest in the hemisphere last year.”

 

Signs of real economic growth and development

The acknowledgement by the World Bank that the elimination of poverty, boosting the sharing of prosperity, containing the crime monster, and addressing deficiencies in the education system, among other things, highlights what ought to be the laser focus of Government’s attention through resource reallocation. The similar acknowledgement by Charles about the relatively low levels of per capita income and anemic economic growth underlines what is the larger narrative of the Jamaican recovery story, and thus makes her Porsche and BMW references ill-timed and even insensitive assuming she was not being provocative.

In the absence of a real commitment to address the deficiencies mentioned here, there is a grave risk of continued and possibly worsening social and economic exclusion. The realisation of a worsening social and economic exclusion is worrying and lends to the view of government for some.

In addition to the needs outlined above, there is the urgent need for the Government to be forthcoming about its “prosperity” agenda. The Government promised five per cent growth each year for the period 2016/17 to 2020/21 and has now downgraded his political forecast to be in line with the Planning Institute of Jamaica. The country needs to be told the implications of a 60 per cent reduction in the growth projections for the country, especially for those who continue to live at the margins. It cannot be satisfactory for the Government to simply walk away from this repeated election promise and not account to the people.

In addition to the elimination of poverty, containment of crime, overhauling the education system, raising income levels and propelling economic growth, there are other related issues which must be addressed if Jamaica is to become a truly prosperous society. These issues include the beast of corruption, the malady of low productivity, the chronic disease of lack of public accountability, the stifling and archaic public bureaucracy, the high levels of indiscipline and public disorder, and a dysfunctional justice system. Each of these contributes to all the other problems above, and those who suffer most from these negatives are the black and largely rural and inner-city poor. These realities reinforce classism and exclusion.

In short, the Jamaica Labour Party’s 2016 campaign slogan ‘From poverty to prosperity’ can be heard reverberating in ‘from bruk-pocket to Porscheperity’. This storyline, even if unintended, belies the tough realities facing most Jamaicans. The plan to move the country from poverty to prosperity is not to be viewed as having been realised when a few citizens are able to indulge in conspicuous consumption, neither should that promise be seen as fulfilled with a meagre economic growth of two per cent per annum, especially after there was so much fanfare about five per cent. That plan, and that promise, must be tied to specific timelines and publicly enunciated achievement milestones, which are reviewed periodically and tested among a large sample of testimonies and measured objectively. In specific terms we need to hear about the plans for improving services at hospitals, to provide more resources for schools, to produce entrepreneurs, to repair rural roads, to take strong measures to combat corruption, to support small businesses, to develop the knowledge economy, to strengthen food security, and to protect the environment.

So now that the economy is moving in the right direction, these should be next. These are the most sustainable metrics of progress.

Dr Canute Thompson is chair of the People’s National Party’s Policy Commission, as well as head of the Caribbean Centre for Educational Planning and lecturer in the School of Education, and co-founder and chief consultant for the Caribbean Leadership Re-Imagination Initiative, at The University of the West Indies, Mona. He is also author of four books and several articles on leadership. Send comments to the Observer or canutethompson1@gmail.com.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Mbappe hits two as Real Madrid rout Sevilla
International News, Latest News
Mbappe hits two as Real Madrid rout Sevilla
October 18, 2026
MADRID, Spain (AFP)—Kylian Mbappe scored twice including one brilliant individual goal as Real Madrid thrashed Sevilla 4-1 on Sunday to climb into thi...
{"jamaica-observer":"Jamaica Observer"}
Third World, Big Mountain set to raise funds for homeless in Westmoreland with ‘Holding On’ benefit concert
Entertainment, Latest News
Third World, Big Mountain set to raise funds for homeless in Westmoreland with ‘Holding On’ benefit concert
October 18, 2026
International reggae bands Third World and Big Mountain are lending their voices to a cause that reaches beyond the stage: helping Hurricane Melissa s...
{"jamaica-observer":"Jamaica Observer"}
‘Two brave officers lost, a child fighting for life’: PNP calls for unity against gun violence
Latest News, News
‘Two brave officers lost, a child fighting for life’: PNP calls for unity against gun violence
October 18, 2026
KINGSTON, Jamaica—The Opposition People’s National Party (PNP) says it is “deeply saddened” by the deaths of two members of the Jamaica Constabulary F...
{"jamaica-observer":"Jamaica Observer"}
Venezuela opposition alliance reaffirms Nobel laureate Machado as leader
International News, Latest News
Venezuela opposition alliance reaffirms Nobel laureate Machado as leader
October 18, 2026
CARACAS, Venezuela (AFP)—An alliance of Venezuelan opposition parties on Sunday reaffirmed exiled Nobel Peace Prize laureate Maria Corina Machado as i...
{"jamaica-observer":"Jamaica Observer"}
Shaw scores twice as Manchester City defeat Brighton
International News, Latest News
Shaw scores twice as Manchester City defeat Brighton
October 18, 2026
Defending champions Manchester City defeated Brighton 3-2 in the Women's Super League on Sunday, with Jamaican striker Khadija Shaw scoring two of Cit...
{"jamaica-observer":"Jamaica Observer"}
Greatness Pink and White Brunch embraces breast cancer awareness ahead of Heroes’ Day staging
Entertainment, Latest News
Greatness Pink and White Brunch embraces breast cancer awareness ahead of Heroes’ Day staging
October 18, 2026
Organisers of the Greatness Pink and White Brunch are using their platform to promote breast cancer awareness and community involvement ahead of the e...
{"jamaica-observer":"Jamaica Observer"}
Jamaicans, Haitian among 16 charged with US election offences
International News, Latest News, Regional
Jamaicans, Haitian among 16 charged with US election offences
October 18, 2026
WASHINGTON, United States (CMC) – Two Jamaican men and a Haitian are among 16 immigrants charged in the United States with election-related offences, ...
{"jamaica-observer":"Jamaica Observer"}
Arsenal strike late to keep pressure on Man City as Man United held
International News, Latest News
Arsenal strike late to keep pressure on Man City as Man United held
October 18, 2026
LONDON, United Kingdom (AFP)—Arsenal struck late to beat Nottingham Forest and keep the pressure on Premier League leaders Manchester City on Sunday, ...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct