Manufacturers to respond to UWI lecturer's 'uninformed' attack on special privileges
The Jamaica Manufacturers’ Association (JMA) is branding as uninformed, a Sunday Gleaner article by university economics lecturer, Dr Damien King, criticising the manufacturers for demanding special taxation policies from the Government at the country's expense.
The University of the West Indies lecturer asserted that the association wants to carve out a protected, non-competitive economic space with the cooperation of the Government.
However, President of the JMA Brian Pengelley has rejected this, saying the association will be issuing a media release on the matter.
King’s position on the JMA appeared to have been caused by the JMA's recent call for a special window at the Bank of Jamaica for its members to access scarce supplies of foreign exchange.
He argues that JMA presidents want special privileges even though other sectors, such as services, contribute more to Jamaica's economic production.
According to him, when the JMA membership gets privileged access to foreign exchange, less will be available to flow to the cambios for people such as farmers, artists, and hair dressers to buy.
He says there is no economic basis for creating privileges for manufacturers to the detriment of the rest of the productive sector.
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