Sat | Jun 12, 2021

Politicians, unite!

Published:Saturday | May 26, 2012 | 12:00 AM

THE EDITOR, Sir:

Let us challenge Prime Minister Portia Simpson Miller and Opposition Leader Andrew Holness to unite our people not only for true political independence in moving away from the Privy Council and the Queen as head of Jamaica, but also to apply their minds and actions to lift this country to economic prosperity.

We need the same level of mobilisation the late Michael Manley achieved when, as prime minister, he promoted Labour Day. The entire nation was involved.

Speaking of economic prosperity, we see tourism as one of several principal vehicles. This industry must be seen not only to create and improve the level of local employment, but more so as an export industry. In this context, stimulating agrarian and industrial enterprises. Another is the encouragement of foreign investment.

Foreign investment needed

I said this before and I say it again: When I was a student in London and a delegate to a Commonwealth Conservative Student Conference, chaired by a former wife of a governor of Jamaica, Lady Molly Huggins, I spoke for the need for foreign investment to the Caribbean and I was heckled by my colleagues.

She intervened, claiming the right as a Jamaican and said, "Mr Crosbie, let me tell these people, this Great Britain would not be Great Britain if it had not been for foreign investments which can be seen all over the place."

The same can be said of Jamaica. If it had not been for foreign investments, there would be no prosperity whatsoever, so what we really need is more foreign investments. To do nothing is to discourage, for example, tax on dividends and foreign investments here, which inhibits development of the market to facilitate equity financing.

OWEN S. CROSBIE

oss@cwjamaica.com

Mandeville, Manchester