Driving Enterprise Development and Wealth Creation
Economic transformation requires shared national vision and leadership from all sectors and institutions regardless of which party holds the reins of power.
According to the Planning Institute of Jamaica (PIOJ), economic transformation refers to a long term change in the economic structure of a country, thereby changing the composition of the output that the economy produces. It involves the transfer of labour from low to higher productivity activities; the composition of the output must change; and, it must be transferred to more value added with greater productivity.
About the Author
former co-chairman of the Economic Programme Oversight Committee
Richard Byles is the former co-chairman of the Economic Programme Oversight Committee
