Re: Interest article - Setphanie Black -Life & Debt
This was copied from the Ja.com main web site!
GOLDING LAUNCHES ATTACK ON ECONOMICS—10/16/05
Opposition leader Bruce Golding has launched a vehement attack on the government, decrying the economic situation in Jamaica. Golding believes the Jamaican economy is unable to generate the resources necessary to address an urgent situation hindering the country’s upward mobility. The opposition leader has been touring and speaking about Jamaica’s missed opportunities, highlighting the 1990s, which saw unprecedented growth for developing countries, but which saw Jamaica lag behind in growth over the ten-year period. Golding stresses the country’s total debt and the debt service of those loans as major reasons for the country’s lagging economy. The debt has grown from $38 billion to $800 billion since 1989. He also emphasized the need to curtail crime in order to spur economic growth.
Now go argue wid that!
This was copied from the Ja.com main web site!
GOLDING LAUNCHES ATTACK ON ECONOMICS—10/16/05
Opposition leader Bruce Golding has launched a vehement attack on the government, decrying the economic situation in Jamaica. Golding believes the Jamaican economy is unable to generate the resources necessary to address an urgent situation hindering the country’s upward mobility. The opposition leader has been touring and speaking about Jamaica’s missed opportunities, highlighting the 1990s, which saw unprecedented growth for developing countries, but which saw Jamaica lag behind in growth over the ten-year period. Golding stresses the country’s total debt and the debt service of those loans as major reasons for the country’s lagging economy. The debt has grown from $38 billion to $800 billion since 1989. He also emphasized the need to curtail crime in order to spur economic growth.
Now go argue wid that!
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