Chinese Subsidies in Economic Development: the Case of the Jamaica Logistics Hub

DOI

10.2991/icemse-16.2016.5How to use a DOI?

Keywords

Economic growth, Foreign subsidies, Environmental policy, International legislation, Employment for Skilled and Unskilled Workers

Abstract

This paper focuses on the impact Chinese investment will have on the proposed logistics hub and its impending economic development for Jamaica. There is uneasiness about the discloser of government's negotiation proceedings with China Engineering Harbour Company (CHEC), the company selected to undertake the development project. The main concerns are environmental risk and guarantee of economic advantage. Chinese environmental and social sustainability standards are not comparatively reconciled with those of the World Bank, the governing body of such standards in the western hemisphere. The paper indicates actions the government should take to safeguard itself from reliving past experiences where promised economic development through foreign subsidiaries proved more advantageous to the foreign investors than the economy. It also proposes and unbiased outline of upgrading Chinese investment projects to reconcile its environment and social standards with those of the western hemisphere (The World Bank)

Copyright

© 2016, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Kimberly Chin
PY  - 2016/12
DA  - 2016/12
TI  - Chinese Subsidies in Economic Development: the Case of the Jamaica Logistics Hub
BT  - Proceedings of the 2016 International Conference on Education, Management Science and Economics
PB  - Atlantis Press
SP  - 18
EP  - 21
SN  - 2352-5398
UR  - https://doi.org/10.2991/icemse-16.2016.5
DO  - 10.2991/icemse-16.2016.5
ID  - Chin2016/12
ER  -