Devaluation Provides Growth Opportunities
Apr 12, 2013
KINGSTON, Jamaica, Gleaner - Despite the loss in value of the Jamaican currency relative to the United States dollar, two academics and a businessman have suggested that it provides opportunities to spur economic growth.
"If the Jamaican currency is becoming cheaper, then it presents a great opportunity for firms to increase their exports, asserted Dr. Denzil Williams, deputy executive director of the Mona School of Business and Management.
"We can improve our export performance if we get more enterprises to operate in the export sector. A big opportunity exists for SMEs (small and medium-sized enterprises) to become a part of the export sector," he said.
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