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Economy needs long-term plan
published: Saturday | June 7, 2003

THE EDITOR, Sir:

FOR THE past year or two, Jamaica's economy has deteriorated more than it has in the last 21 years of my existence. When I started college in 2001 the Jamaican dollar was valued at $42.00 to US$1.00 and the Canadian was valued at $28.00 Jamaican. To come home two years later to hear that the Jamaican dollar has plummeted to almost $70.00 to US$1.00 left me in total shock and disgust with the way in which the country is being run by the Government.

Then recently, I heard the Prime Minister tell the people of Jamaica that he and the Finance Minister had a solution that will help to stabilise the Jamaican dollar. So I sat and listened keenly to what he had to say. To no surprise, neither the Prime Minister nor the Finance Minister had any real solution to the economy's problems. I do believe that we should give credit where credit is due, because he did come up with a short-term plan that helped to stabilise the dollar, but the million-dollar question is for how long can it remain.

SUPERFICIAL

His solution is only superficial; it is like trying to get rid of lawn weed by pulling only on the stems and not going directly to the root. It's only a matter of time before the problem will resurface. In other words he has no plans that will reach to the source of the problem.

I urge the Government to come up with a plan that will genuinely help to rebuild Jamaica's economy for the long term, because if they don't, in a few more years our country will be in a much worse off position than we are in now, putting us on par with a country like Haiti and Indonesia.

I am, etc.,

JASON DEAR

Jason-srd@yahoo.ca

Donhead Avenue

Kingston 6

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