The Role of Competition in Jamaica's Economic Development and How the Fair Trading Commission Facilitates this Process

The Caribbean and thus Jamaica has had the history of being a producer of raw materials for the developed nations. This had been their experience and that of monopoly which is hindering economic development. Therefore, if economic development is to take place, one has to move into the era of producing secondary and tertiary products. This therefore leads us to look at using competition to break the monopolistic cycle of business that has persisted for too long.'