Economy
Kingston plays a central role in Jamaica's economy. The vast majority of economic activity takes place within Kingston, and as most government ministries are located in the city, it is a key force in legislation in regards to Jamaica's finances. The high population density of the capital city means that the majority of monetary transactions occur in Kingston - stimulating much of Jamaica's local economy. Many multinational conglomerates and financial institutions are headquartered in and around the Kingston Metropolitan Area. The Jamaican government has expressed a desire and as such, passed legislation to transform Kingston into an International Financial Centre. This IFC will most likely be located along the Kingston waterfront, and be a part of the wider revitalization and gentrification programme for Downtown Kingston.
Air Jamaica is headquartered in Kingston.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)