The National Economy : A Hope For The Youth

 The National Economy:

A Hope For The Youth.

(With an emphasis on youth unemployment).

THE TEAM FOR DOMINICA

In order to survive and thrive as a small island economy in a constantly changing world, TEAM DOMINICA is challenged to create a roadmap for our development endeavors that allows us to work together, build together and succeed together.

TEAM DOMINICA

Dominica will become the best place to live, work and enjoy life in the global community.

OUR VISION

•Leadership •Caring•Honesty•Integrity•Accountability•Pursuit of Excellence•Continuous Improvement•Global Teamwork

OUR VALUES

GDP Growth of 6 – 7 % per annum

AGRI

CULT

URE

TOU

RISM

LIGH

T M

FG

CON

STRU

CTIO

N

REN

EWAB

LE E

NER

GY

CULT

URE

INDU

STRY

WAT

ER IN

DUST

RY

ICT

SERV

ICES

NEWECONOMY

FIN

ANCE

SER

VICE

S

SPO

RT IN

DUST

RYRethink Renew Rebuild

SITUATION ANALYSIS

Dominica’s GDP trails the rest of the World

DOMINICA’S EXPORT PERFORMANCE

19811983

19851987

19891991

19931995

19971999

20012003

20052007

20092011

-

20,000

40,000

60,000

80,000

100,000

120,000

140,000

160,000

180,000

DFPUWPDLP

Source: Dominica Statistic Division

DOMINICA’S TRADE DEFICIT1981

19831985

19871989

19911993

19951997

19992001

20032005

20072009

(600,000)

(500,000)

(400,000)

(300,000)

(200,000)

(100,000)

-

DFPUWPDLP

Source: Dominica Statistic Division

Resulting High Unemployment • Low and falling GDP growth has contributed to

high and increasing unemployment.

• Unemployment most severe among the highly productive ---the young.

• Unemployment has deepened with the long term employed joining the ranks of unemployed.

A Jobs Strategy• Rooted in stimulating economic growth.• Emphasis on key sectors of Agriculture,

Construction, Manufacturing , Tourism and Services.

• Drive the export market through robust marketing.

• Supporting fiscal and monetary policies• Build supporting infrastructure.

5,000

In the first 3 years

NEW JOBSGROWTH ENGINES

Rethink Renew

Rebuild

Be faithful to the Nature Island global positioning strategy set out in our National Anthem

TOGETHER WE WILL

Develop and grow a model green economy that rewards enterprise, puts our people to work for decent wages, gives a fair chance to all and secures our place in the global trade of goods and services.

TOGETHER WE WILL

Smart, market driven agricultureLight manufacturing – juices and root crops for natural food niche marketsTourism strategically aligned with our nature island resources and targeting high end niche marketsConstruction - Housing market to make home ownership more affordable and easily available

Together, we will embark on a comprehensive air and sea access initiative to include the development of an international airport, the modernization of our sea ports, a Dominica based airline and a high speed ferry service.

Improve the quality of governance by eliminating waste and inefficiency in government spending and optimizing public sector investment resources

Make Dominica a low tax jurisdiction open to increased investment dollars across all growth drivers from at home and abroad

TOGETHER WE WILL

TOGETHER we will educate our sons and daughters to become successful global citizens capable of competing and winning in the varied disciplines of global enterprise for self and country

ENSURE caring, competent leadership that uses government for the advancement of people and not for the personal enrichment of ministers.

TOGETHER,We will stamp out the rampant corruption that illicitly enriches ministers of government and their friends with public money cheated away from securing the greatest good for the greatest number

Better GovernanceA Growing EconomyJobs, jobs and more jobsYouth economic empowerment Ladders of opportunityMore chances to succeed

WE RISE FOR:

All for each…And each for all

Thank You!

www.changeisamust.com

www.uwpteamdominica.com

LET’

S G

ET T

O W

ORK

Thank you