1. NATIONAL WORKSHOP GLOBALISATION, LIBERALISATION AND SUSTAINABLE HUMAN DEVELOPMENT IN JAMAICA February 20 - 21 2001 Jamaica David E. Bloom

2. Strong Team Jagdish Saigal Gillian Lindsay-Nanton Ajay Mahal Damien King Fiorina Mugione Aldrie Henry-Lee Dillon Alleyne Philip Castillo River Path Associates

3. A Complex Challenge Multi-sectoral problems require multi- sectoral solutions “one-size fits all” mentality not enough

4. Virtuous spirals

5. The Three Spheres Sustainable human development Liberalization Consistent economic growth

6. The Three Spheres Globalization –integration of national economies Liberalization –lowering barriers to trade & investment Sustainable human development –long, healthy, decent lives

7. The Three Spheres Ultimate objective –sustainable human development Potential enablers –liberalization and globalization Need: –carefully managed integration into new global economy

8. Jamaica Problems and opportunities Developing a vision Delivering a future

9. www.undp.org/fojam Country reports & Synthesis paper

10. Poor Economic Performance Income per capita – flat for three decades 1970 = 40% of Singapore average income Today = 33% of average income of bottom 20% of Singapore

11. Expansion vs Contraction Liberalization – impulse to grow Human development – impulse to grow Monetary policy – impulse to contract

12. Manufacturing/Services Productivity 1995 baseline, GDP per capita: –US $1658 (J$74,942) 1: constant i.e.no fall from 1970-1995: –US $2103 (J$95,056) 2: growth at same rate as comparison group: –US $3501 (J$158,245) 3: Jamaica as productive as comparison group: –US $6553 (J$296,196)

13. New World New global economy –more competitive –less forgiving –new opportunities

14. The Brand Added value in a global market from: –landscape –culture –people –energy –style

15. “Out of many policies, one future”