SeMa00614

Answer 10 questions about your countries economy. What is the name of the country you chose? = 1.**JAMAICA** = 2.Off the coast of Cuba. 3.Jamaica's main exports are alumina,bauxite,sugar,rum,coffee,yams,beverages,chemicals and mineral fuels. Main export partners are US,CANADA,the UNITED KINGDOM and the NETHERLANDS.  4.It has no real services. 5.CANADA,US,NETHERLANDS,UNITED KINGDOM and exct. 6.It sells more than buys. 7. Jamaica has natural resources, primarily bauxite, and an ideal climate conducive for agriculture and also tourism. The discovery of bauxite in the 1940s and the subsequent establishment of the bauxite-alumina industry shifted Jamaica's economy from sugar and bananas. By the 1970s, Jamaica had emerged as a world leader in export of these minerals as foreign investment increased. The country faces some serious problems but has the potential for growth and modernization. The Jamaican economy suffered its fourth consecutive year of negative growth (0.4%) in 1999. All sectors excepting bauxite/alumina, energy, and tourism shrank in 1998 and 1999. In 2000, Jamaica experienced its first year of positive growth since 1995. Nominal economic growth has continued to the upside approximately in line with US growth since. This is the result of the government's continued tight macroeconomic policies, which have been largely successful[//citation needed//]. Inflation fell from 25% in 1995 to single digits in 2000, reaching a multidecade low of 4.3% in 2004. Through periodic intervention in the market, the central bank also has prevented any abrupt drop in the exchange rate. However, the Jamaican dollar has been slipping, despite intervention, resulting in an average exchange rate of J$73.40 per US$1.00 and J136.2 per €1.00 (February 2011) In addition, inflation has been trending upward since 2004 and is projected to once again reach a double digit rate of 12-13% through the year 2008 due to a combination of unfavorable weather damaging crops and increasing agricultural imports and high energy prices.[8] 8.
 * 1) Where is it located in the world?
 * 2) What goods does it produce?
 * 3) What services does it sell?
 * 4) To which countries does your country sell its goods?
 * 5) What does your country buy from other countries?
 * 6) Does it buy more or sell more to other countries?
 * 7) Which employment sector is the most important/
 * 8) Does it sell one commodity?
 * 9) Does it sell many different goods?

web sites I went to. Embassy of Jamaica google maps Economy of jamaica-Wikipedia