Author Affiliation, Ana.
Developing a bioindustry cluster in Jamaica: A step towards building a skill-based economy.
Social and Economic Studies
Date of Publication
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.....