Jamaica, an interesting investing opportunity? Jamaica

Content Geography History Politics Economic Condition Demographics

Geography Location:Caribbean, island in the Caribbean Sea, south of Cuba Climate:tropical; hot, humid; 27°C Terrain:mostly mountains, with narrow, discontinuous coastal plain Lowest point: Caribbean Sea 0 m Highest point: Blue Mountain Peak 2,256 m Natural hazards: hurricanes (especially July to November)

History I.Pre-Colombian Jamaica - Arawaks II.The Spanish Occupation, III.The Slave Economy, British occupation IV.The Development of the Peasantry Coffee, bananas V.The National Movement and Decolonization, VI. Political Independence,

Christopher Columbus visited the island in 1494 and this began Spain rule. It became a Spanish colony in 1509 British captured the island in 1655 Jamaica gained full independence within the British Commonwealth in Jamaica is the largest English speaking Caribbean island. It is the third largest island in the West Indies. It is 90 miles south of Cuba.

Politics Parliamentary Representative Democracy –Executive branch of government –Popular sovereignty 1962 Constitution established a parliamentary system (UK) with Senate and House of Representatives Queen Elizabeth II: Chief of State, elects a Governor General (ceremonial role), on the advise of the Prime Minister as her representative in Jamaica Independent and Commonwealth Realm (August 6, 1962) Constitutional safeguards include freedom of speech, press, worship, movement, and association

Politics Stable, however economical problems have exacerbated social problems Jamaica Labour Party (JLP) and the People’s National Party (PNP) The National Democratic Movement (NDM), was created in October victory of Percival James Patterson (after Michael Manely stepped down in 1992 for health reasons), was the first time Jamaican political party won 3 consecutive general elections since the introduction of universal suffrage to Jamaica in In March, 2006, Portia Simpson-Miller was appointed Jamaica's seventh Prime Minister. She is the first woman in the country's history to hold the position of Prime Minister of Jamaica.

Economic condition Quick Facts: GDP per capita: $4100 Population below poverty line: 19.7% Unemployment Rate: 15% Exchange Rate: US$1= J$62.5 Major economic activities: Tourism– English speaking and good weather Mining– Bauxite and Aluminum Agriculture– Food and banana Music and Film– Bob Marley, Shaggy, Sean Paul

Economic conditions Economic history of Jamaica 1655Slave Economy World’s leading sugar exporting nation Slavery was formally abolished Strong economic growth-- Independent Setback-25% decrease in GDP Closure of 1st and 3rd largest Aluminum producers Rose in Tourism and garment sectors 1991Economic liberalization and stabilization Reduced inflation from 80.2% to 7.2%

Official Name: Jamaica Capital City: Kingston Population: 2,605,800 Climate: Tropical. Hot, Humid Language: The official language is English but Patois, a dialect, is widely spoken across the island Ethnic Groups: Black (90.9%), mixed (7.3%), East Indian (1.3%), white (0.2%), Chinese (0.2%) Religion: The majority of Jamaicans are Christian. But also exist churches like Methodist, Catholic, Seventh-day Adventist, Anglican, to Mormon and Rastafarian Jamaica is known primarily for its Rastafarian religion, which has several unique practices. They believe that Haile Salassie, the former leader of Ethiopia, is their leader. They believe in the spiritual use of Ganja. Flag: The Jamaican flag has 3 colors, green, black and gold. Demographics

Source Wikipedia The Free Encyclopedia, Politics of Jamaica, aica, World Wide Web aica