Reduce paper investments

Dear Editor,

I encourage us all not to revert to becoming a nation of paper entrepreneurs. Too often we are caught in the cycle of investing in bonds, repos and other forms of paper instruments. Don't get me wrong, this is all well and good when it forms a part of a diversified investment portfolio. Unfortunately, this has not been the case, wherein most people are not willing to take the chances that are correlated with true entrepreneurship. The government of Jamaica must lead by example and revamp our manufacturing sector and grow our production and export numbers to record levels.

As we launch this much needed IMF programme, let us focus on a few niche areas. We need to empower our people with the tools needed for sustainable development. At a recent University of the West Indies Caribbean conference, Nicolas Eyzaguirre, director of the IMF's Western Hemisphere, highlighted that "the Caribbean region needs to tackle the obstacles to higher growth by coming up with new and home-grown ideas to enhance its prospects."

These out-of-the-box ideas will bear fruit when we all become entrepreneurial minded.

Richard Longmore

richardlongmore@yahoo.com

Reduce paper investments

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