Opposition spokesman on finance Dr Omar Davies has argued that the current global economic crisis demonstrates the full extent of the interdependence of the world’s economies and the dominance of the United States, factors which provide many salient lessons for the Caribbean.
Jamaica Observer: “US Economist Sees Hope for Emerging Market Countries”
Prominent economist Carl Ross has said that while there is reason for short-term pessimism for emerging market countries like Jamaica in the global financial crisis, a confluence of factors internally and externally creates a rosier forecast for such nations in the long term.
Jamaica Observer: Seaga Chides Government Over Interest Rate Hikes
On the same night he was honoured as an architect of Jamaica’s capital market, former Prime Minister Edward Seaga launched a scathing attack on the Government’s high interest rate monetary policy, labelling it as counter-productive to meaningful economic growth.