...AKA the Digital Yard tech applications development endgame
But Jamaica you can always focus more on yappin' about & planning a 21st Century future MAINLY around exporting red dirt, mindless dee jays, singers, sports people, cruise ships, fat tourists, trinket sellers, taxi operators and rent-a-dreads _
Costa Rica landed the investment by Intel, the world's leading microprocessing firm, because of the importance Intel placed on the productivity of the Costa Rican people and the strength of the country's strong social capital.
Intel's investment was eagerly and aggressively sought by much larger and better-located countries like Mexico. But it was the country with the most educationally prepared population and the highest level of social cohesion that was chosen. In 2006, Intel's accumulated investment of US$770 million contributed more than US$ 1.1 billion to Costa Rica's GDP.
As valuable as the large foreign investments in the bauxite-alumina industry have been to Jamaica, in 2006, the more than US$4-billion value of the industry's assets contributed just US$400 million to our GDP. The entire industry's contribution to Jamaica's GDP was just about one-third the value of Intel's contribution to Costa Rica's GDP; despite the fact that the value of the bauxite-alumina investments was more than five times the size of Intel's.
PEOPLE INVESTMENT
The productivity per dollar of Intel's Costa Rican investment in GDP terms was 14 times greater than that of the bauxite-alumina industry in Jamaica. It is a difference that properly demonstrates the comparative benefit of investments in people over investments in natural resources.
But Jamaica you can always focus more on yappin' about & planning a 21st Century future MAINLY around exporting red dirt, mindless dee jays, singers, sports people, cruise ships, fat tourists, trinket sellers, taxi operators and rent-a-dreads _
Costa Rica landed the investment by Intel, the world's leading microprocessing firm, because of the importance Intel placed on the productivity of the Costa Rican people and the strength of the country's strong social capital.
Intel's investment was eagerly and aggressively sought by much larger and better-located countries like Mexico. But it was the country with the most educationally prepared population and the highest level of social cohesion that was chosen. In 2006, Intel's accumulated investment of US$770 million contributed more than US$ 1.1 billion to Costa Rica's GDP.
As valuable as the large foreign investments in the bauxite-alumina industry have been to Jamaica, in 2006, the more than US$4-billion value of the industry's assets contributed just US$400 million to our GDP. The entire industry's contribution to Jamaica's GDP was just about one-third the value of Intel's contribution to Costa Rica's GDP; despite the fact that the value of the bauxite-alumina investments was more than five times the size of Intel's.
PEOPLE INVESTMENT
The productivity per dollar of Intel's Costa Rican investment in GDP terms was 14 times greater than that of the bauxite-alumina industry in Jamaica. It is a difference that properly demonstrates the comparative benefit of investments in people over investments in natural resources.
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