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Not so fast on 100,000 new jobs promise – Dennis Chung

Published:Monday | November 9, 2015 | 11:01 PM
Financial analyst, Dennis Chung.

Financial analyst, Dennis Chung, says the government has to implement growth policies and fix struggling sectors such as health, if it is serious about creating 100,000 jobs over the next five years. 

Speaking at a party rally yesterday, Finance Minister Dr Peter Phillips, promised that if the People's National Party (PNP) is re-elected, the administration will create 100,000 jobs.

Phillips, who is also the PNP’s campaign director, says the jobs will be created in agriculture, tourism and Business Process Outsourcing.

READ: Phillips promises 100,000 jobs under next term for PNP

The financial analyst says Phillips is in a position to speak specifically on the number of jobs that can be created based on information from the Planning Institute of Jamaica and other agencies. 

However, Chung argues that current economic reforms are not enough.

He says there is need for deliberate policy actions to tackle corruption, rising crime and bureaucracy. 

 

Financial analyst Dennis Chung

Pointing to the current health sector issues, Chung says no one would move their families to Jamaica where the health sector is ailing. 

He argues that most of the problems are caused by bad management and there's not enough accountability.

 

Financial analyst Dennis Chung