Chinese Subsidies in Economic Development: the Case of the Jamaica Logistics Hub
Available Online December 2016.
- https://doi.org/10.2991/icemse-16.2016.5How to use a DOI?
- Economic growth, Foreign subsidies, Environmental policy, International legislation, Employment for Skilled and Unskilled Workers
- 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)
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
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 - 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 - https://doi.org/10.2991/icemse-16.2016.5 ID - Chin2016/12 ER -