The Jamaican economy is heavily dependent on services, which now account for 70% of GDP. The country continues to derive most of its foreign exchange from tourism, remittances, and bauxite/alumina.
The global economic slowdown, particularly after the terrorist attacks in the US on 11 September 2002, stunted economic growth; the economy rebounded moderately in 2003, with one of the best tourist seasons on record. But the economy faces serious long-term problems: high interest rates; increased foreign competition; a pressured, sometimes sliding, exchange rate; a sizable merchandise trade deficit; large-scale unemployment; and a growing internal debt, the result of government bailouts to ailing sectors of the economy.
The ratio of debt to GDP is close to 150%. Inflation, previously a bright spot, is expected to remain in the double digits. Depressed economic conditions have led to increased civil unrest, including gang violence fueled by the drug trade. In 2004, the government faces the difficult prospect of having to achieve fiscal discipline in order to maintain debt payments while simultaneously attacking a serious and growing crime problem that is hampering economic growth.
because it spread diseases through columbian exchange
You can't think on negativeness. Globalization means easier ways to solve conflicts, both military and economic. The world will run smoothly when people start understand one another.
sepaluloy tarantutoy kayo
what are the positive and negative effects of globalization to hopitality industry?
The three examples of globalization are the major drivers of globalization. The first is politics, the second is technology, and the third is economics. All three of these have impacts on different countries no matter the country that it is derived.
what is the society today on making bad decisions.
because it spread diseases through columbian exchange
You can't think on negativeness. Globalization means easier ways to solve conflicts, both military and economic. The world will run smoothly when people start understand one another.
sepaluloy tarantutoy kayo
what are the positive and negative effects of globalization to hopitality industry?
Three positive impacts resulting from globalization is more jobs, innovation and the company will strengthen the local economy. The host country and the home country of the organization benefits.
Rajalakshmi
Three negative impacts of consumption are mining. renewable and fishery.
what are some of the negative impacts of joining certain groups
Their negative consequences on people
The three examples of globalization are the major drivers of globalization. The first is politics, the second is technology, and the third is economics. All three of these have impacts on different countries no matter the country that it is derived.
positive impacts are: computers are better negative impacts are: there are non