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Publication Type
Journal Article
UWI Author(s)
Author, Analytic
Clayton, Anthony
Author Affiliation, Ana.
UWICED
Article Title
Developing a bioindustry cluster in Jamaica: A step towards building a skill-based economy.
Medium Designator
n/a
Connective Phrase
n/a
Journal Title
Social and Economic Studies
Translated Title
n/a
Reprint Status
Refereed
Date of Publication
2001
Volume ID
50
Issue ID
2
Page(s)
1-37
Language
n/a
Connective Phrase
n/a
Location/URL
n/a
ISSN
n/a
Notes
n/a
Abstract
With increasing competition,small countries like Jamaica may find it difficult to maintain a presence in traditional export markets.There has been much debate about trading arrangements,but the more fundamental problem is the long-term decline in commodity prices.This trend will accelerate as average resource-use effeciency rises, as this will weaken demand for virgin materials. Jamaica should therefore now use emerging market opportunities to drive the development of knowledge-based business/industrial clusters, and thereby restructure and transform the economy before current export markets are lost. One of the most promising opportunities is the market for a range of biological extracts and derivatives: for flavourings and essences,industrial crops,and nutraceuticals and functional foods,as this could be used to support the development of a strong bioindustry cluster.....
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