Towards Inclusive Growth and Sustainable Development
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Transcript of Towards Inclusive Growth and Sustainable Development
Prepared by A. Vouranis1
Prepared by A. Vouranis2
MEDIUM TERM SOCIO-ECONOMICPOLICY FRAMEWORK
2012- 2015
Towards Inclusive Growth and Sustainable Development
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COUNTRY CONTEXT- Negative issues
Global economic downturn of 2008-2009 impact on Jamaica Economy
• Jamaica’s economy faced deep challenges over the period 2009-2012
• Fourteen consecutive quarters of negative growth from 2007-2010
• The period also saw increases in :
• Public debt • Unemployment and • Poverty
Source :Vision 2030 Jamaica – NDP
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COUNTRY CONTEXT- Positive issues
Improvement in a number of its macroeconomic indicators
•Declines in the fiscal balance and annual inflation rate
•Industries recoding net growth over 2008-2011
• Agriculture
• Forestry
• Fishing and Hotels & RestaurantsSource :Vision 2030 Jamaica – NDP
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The four Medium Term Themes to be addressed under MTF 2012 – 2015 are:
Development and Protection of Human Capital
National Security and Justice
Economic Stability, Competitiveness and Employment
Environmental Resilience and Climate Change ResponseSource :Vision 2030 Jamaica – NDP
Inclusive Growth and Sustainable Development
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The four Medium Term Themes are directly aligned to eight (8) National Outcomes, which in turn are structured under each of the four National Goals of Vision 2030 Jamaica prioritized national outcomes are:
1. A Healthy and Stable Population2. World Class Education and Training3. Effective Social Protection4. Security and Safety5. Effective Governance6. A Stable Macroeconomy7. An Enabling Business Environment8. Hazard Risk Reduction and Adaptation to Climate Change
Source :Vision 2030 Jamaica – NDP
Inclusive Growth and Sustainable Development
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Building a Dynamic and Sustainable Micro & SME Sector for a
more Meaningful and Visible Contribution for a Sustainable
Industrial and Economic Development for the 2012 and
Beyond with Special Emphasis for the Youth & Women
JBDC Guidelines
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JBDC Sustainable Development (Generic Model)
Networks/Clusters Community Groups
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Sustainable Development
Sustainable DevelopmentProductivityProductivityInnovationInnovation
Based on Based on and and
Driven by New TechnologyInformation Technology
CAD/CAM ,CIMIInternet FOR:
The 2012 and Beyond
JBDC Approach
National Security and Justice
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Facilitating theModernization of theBusiness Environment
Facilitating theStrengthening of
Existing TraditionalBusiness
Facilitating thedisseminationOf Information
Facilitating theStrengthening &Development OfNew innovative
Business
DevelopingRestructuring
and UpgradingProgramme
JBDC Framework
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•Technical Solutions•Marketing Solutions•Businesses Solutions•Financial Solutions
JBDC
Strategy•Quality Services•On Time Services•Affordable Services•Promoting Services•Personnel Empowerment•Knowledge Transfer
HR
Capital
+
+
Knowledge
=
INPUTS
OUTPUTS
JBDC Strategy
Improving OperationalEfficiency for:
Delivering Demand Driven Services for:
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Groups & Categories of MSMEs
Groups of MSMEs Categories of MSMEs
1.Trade 1.Enterprises operated for survival (Poverty)
1a. Start – Ups for ( Survival / Employment)
1b. Skill based enterprises (Family Business)
1c. Knowledge based enterprises (Graduates)
2. Non-Trade
2. Enterprises operated for survival (Poverty)
2a. Start – Ups
2b. Skill based enterprises
2c. Knowledge based enterprises
Industries / Sectors/
Clusters
Fashion, Craft, Food ,
Furniture
3. Supportive
services
3a. Start – Ups
3b. Skill based enterprises
3c. Knowledge based enterprises
A.Vouranis CTA 2012
JBDC Clients
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Targeted Industry ClustersTargeted Industry Clusters
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Assist the Sustainability of Entrepreneurs
Sustainable & competitive Inter-Relationships (e.g. Networks, Clusters, Groups and Entrepreneurs)
Which Will Lead to
Sustainable & Competitive Productive Sector (Eco Friendly)
Economic growth (Increase Employment, Reduce Poverty) and thus Reduce Social Unrest
Demanding Markets (Local, Regional and International)
Sustainable Development Approach for MSMEsSustainable Development Approach for MSMEs
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Strengthen the Sustainability of
Integrated Services for the MSMEs1. Technical Support Services2. Business Support Services3. Financial Support Services
4. Marketing Support Services
Starting Points
The Road of Sustainable Development for MSMEs Business
This Will Lead to
Which Will Lead to
This Will Lead to
Able to Serve in a Sustainable Way
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JBDC’s Integrated Approach From Concept to MarketJBDC’s Integrated Approach From Concept to Market
Technical Services
Solutions
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Financial Solutions
Business Advisory Solutions
Marketing Solutions
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JBDC’s performance 2002-2012JBDC’s performance 2002-2012
Year Business Advice Training Marketing Technical Total
Assistance Assistance
2002/3 215 2817 38 53 3123
2003 573 2220 660 268 3721
2004 573 1161 400 372 2506
2005 553 2220 660 268 3701
2006 441 6734 780 594 8549
2007 262 6084 525 856 7727
2008 861 7601 750 870 10082
2009 2800 5500 750 3300 12350
2010/11 4500 3000 800 2000 10300
Total 10778 37337 5363 8581 62059
2011/12 5200 3500 950 3000 12650
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A. Acknowledgment of JBDC as lead agency for MSME development by
local and international agencies (e.g. USAID, EU, IADB, Universities, etc.)
B. Client confidence and trust acknowledge impartial quality service
community Investor
C. Trust – Financial Institutions – contracted to train clients and staff (e.g.
JN, Credit Unions, etc.)
D. Papers & Programs Produced
Impact Indicators(Qualitative)
Impact Indicators(Qualitative)
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A. Start up Businesses
B. Formalized Businesses
C. Upgraded Businesses
D. Intellectual Property Registration
E. Rebirth and Strengthening of Industry Clusters
F. Clients Trained
G. Technical Services provided
H. Employment generation/retention
I. Client Income growth
J. Research Papers & Development Programs Produced
Impact Indicators(Quantitative)
Impact Indicators(Quantitative)
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Client Distribution by SectorClient Distribution by Sector
Clients Per Sector 2010
Gift & Craft6%
Fashion & Apparel5%
Food & Agro-Processing
13%
Agriculture15%
Retailing9%
Service31%
Other Productive Sectors
21%Gift & Craft
Fashion & Apparel
Food & Agro-Processing
Agriculture
Retailing
Service
Other Productive Sectors
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Incubator Resource Center IRC
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BiZ Services
Incubator Resource Centre(Fashion, Craft, Agro processing, Furniture)
Incubator Resource Centre(Fashion, Craft, Agro processing, Furniture)
Engineers
Product & Design Development
Designers & Industry
Specialists
IT services
Hands-on Training & Support services
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Furniture Design Incubation Unit
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Fashion Design Incubation Unit
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Straw productsStraw products
•hats•place mats
•bags•belts
Paper productsPaper products•clocks•boxes•bags
•picture frames•stationery sets
Natural Fiber Incubation Unit
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Computer Aided Design Incubation Unit
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JBDC facilitating Market AccessJBDC facilitating Market Access
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Things Jamaican Supplier Earnings (2001 - 2011)Things Jamaican Supplier Earnings (2001 - 2011)
THINGS JAMAICAN SUPPLIER EARNINGS PER ANNUM (2001 - 2011)
J$M NOTES
2001 - 2002 4.5 1%
2002 - 2003 12.0 4%
2003 - 2004 15.6 5%
2004 - 2005 18.4 6%
2005 - 2006 22.8 7%
2006 - 2007 43.0 14%
2007 - 2008 49.6 16%
2008 - 2009 45.2 15%
2009 - 2010 51.6 17%
2010 - 2011 43.9 14%
total 306.6
2011-2012 50.0
Source : TJ
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Source : TJ
THINGS JAMAICAN RETAIL REVENUE (2002 - 2011)
2002-03 20,440,124 2003-04 26,752,365 2004-05 32,626,741 2005-06 40,082,649 2006-07 39,217,236 2007-08 87,204,964 2008-09 75,854,563 2009-10 92,288,340 2010-11 96,188,376 2011-12 100,000,000
Things Jamaican PerformanceThings Jamaican Performance
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Taste of The Caribbean
$189,751
$1,158,519
511%
Frazer’s Ceramics
$241,608
$1,409,323
483%
2003 2010
Things Jamaican - Client GrowthThings Jamaican - Client Growth
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JBDC facilitating Market AccessJBDC facilitating Market Access
• Kumba Mi Yabba – JBDC’s Annual retail market place• Approx 100 exhibitors annually• Approx 2000 patrons annually
• Caribbean Gift & Craft show• Market access into Caribbean• 70 companies over period
• Thingsjamaicanshopping.com• Facilitating Export trade for Gift and Craft clients
Source : TJ
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JBDC Small Business Expo 2011JBDC Small Business Expo 2011
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Acknowledging the Gap The right formula “Financial plus non-
Financial”
Financial Products for Productive MSMEsFinancial Products for Productive MSMEs
Financial Solutions
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FSU PerformancProductive Sctor Loans
FSU PerformancProductive Sctor Loans
• Total Loans disbursed - $186,662,500.27
• Number of Loans: 127
• 20% of loans are start-up businesses
• Average loan size: $1.4M
• Generated/Retained employment: Approx. 621
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1. Start up Businesses 2048
2. Formalized 380
3. New Product Collections 30
4. Upgraded Businesses 958
Impact Indicators 2010-11Impact Indicators 2010-11
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• Things Jamaican in UK 2012• Kumba Mi Yabba (Kgn/Mobay Dec 2011)• “Design Caribbean” 2011• Client Income Generated through Market access facilitation
(including Things Jamaican) – approx. $95M• F & WP Industry programme
• F & WP Industry survey• Additional 300M negotiated for specialized funding to the
sector • Generating/retaining employment – approx. 1500
• # New Businesses facilitated/formalized – 2400• Business upgraded – 1500 (employment generated and retained)
Key Targets for 2012Key Targets for 2012
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• Budget Gap – (survival $40M)• Impact Monitoring Framework• Factories Corporation
• Agreement• Space for MSMEs
• 12 Camp Road premises – Finalize Acquisition
• JAMCORP UK – No budget allocated
Red FlagRed Flag
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New Economic Opportunities for all Productive Entities especially the MSME's From Low Value Single Products to High Value
Groups of Products The emergence of Globalization through the
Technological Advances
Global Trends
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New Opportunities for JA SMEs
Beeswax ProductsUS Market
2.3 US$ billions(Source US Gov.)
Raw MaterialsAvailable locally
Dried FlowersUS Market
4.5 US$ billions(Source US Gov.)
Raw MaterialsAvailable locally
Music US Market
1.2 US$ billions(Source US Gov.)
Raw MaterialsAvailable locally
New slides
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Buzzing Business-2.3 US$ billions Market
HoneyComb
Candy Gourmet Honeys & Honey Wines
Beeswax (soaps)
Candles•Natural repellants•Ceremonial candles
Accessories•candle holders•clay•bamboo•metal•books
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Technical Services
•Incubator
•Resource Centre
•Training Marketing Services
TJFinancial Services
FSU
Info Portal
JBD Corporation
Our growth path
GOJ 500 Suppliers
2,000 85 Million
Business Services
JAMBICS 6,000
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