Beyond the euphoria
After reviewing this article, one would understand, that the writer; although very proud of Jamaican athlete’s successful performance at the London Olympics, was more concerned about the economic downturn of his country. He cautioned the country not to be ‘side tracked’ by blissful events that will vanish as soon as a new headline was printed. Although a sense of pride still lingers, he focused on the political and economic situation, in which his country has fallen into for a lengthy period of time.
The purpose of this article was to highlight the increasing apprehension, of the writer, towards the swollen debt, stagnant growth and debilitating GDP per-capita of the nation. The writer argues that Jamaica should learn from its “missed opportunities”, in doing so the future generations will not mourn the choices of their previous generation. The Government of Jamaica has, on many occasions sought relief for this predicament by turning to the International Monetary Fund. The IMF approved a $1.27 billion loan to support Jamaican’s plan to recover from mounting debt, weak economic growth, and the effects of global economic crisis.
This initiative was set up to revamp the economic, social, and educational wellbeing of Jamaican nationals. Yet the skepticism of the people was evident, where as a documentary was released, voicing the ill effects of the IMF on the Jamaican economy.
The writer recognized Jamaica and its local life and industry have been made to suffer, due to harsh policies inflicted upon them by the IMF and World Bank. The devaluing of the Jamaican dollar, increased competition from large multinational companies against local producers, and measures that exclude the lower class from any economic help, were the implications of such governmental measures against Jamaica and its citizens, as a result of the conditions of IMF and World Bank loans.
The Essay on Trade Fairs and exhibitions and their economic impact on companies and countries
marketing event. They are organized so that companies in a specific industry can showcase and demonstrate their latest products, service, study activities of rivals and examine recent market trends and opportunities. In contrast to consumer fairs, only some trade fairs are open to the public, while others can only be attended by company representatives (members of the trade, e.g. professionals) ...
The IMF still not proving useful in combating the high levels of “economic failure” of this nation, can no longer lift Jamaica out of the pit that it dug itself.
The writer argues that the Government needs to allocate, efficient and effectively, the resources of this country to ensure that Jamaica has a chance to regain footing on this already crumbling global economy. He argues that less money should be invested into highly unprofitable ventures (Air Jamaica although greatly depended on by nationals and CARICOM members has yet to turn over a profit), but instead be pumped into diversifying the agriculture, entrepreneurship, manufacturing, technological and educational fields of the society.
In conclusion the concerns expressed by the writer in his article “Beyond the Euphoria” can be agreed upon, because while the Olympics are an opportunity of euphoria in the long run Jamaica’s social and political situation are bigger concerns.(May the opinions having been expressed, grow to be nothing more than mere words.)
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[ 1 ]. “IMF Approves $1.27 billion loan for Jamaica” http://www.imf.org/external/pubs/ft/survey/so/2010/new020410a.htm
[ 2 ]. “Life and Debt- Jamaica’s IMF/ World Bank Peril” http://99getsmart.com/?p=3721
