Convert Dead Assets Into Live Capital - Dr Hall

Weekly Gleaner, The; North American ed. › August 03, 2009

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Summary

Dead assets - under utilised and informal capital - was one of the contributory factors to our stunted development. He noted that the poor in Jamaica, as is the case worldwide, sit on vast resources of wealth which are not formalised. As an example, he pointed to rural folk who own vast acreages of unregistered property and cattle. "Dead capital cannot be mortgaged, cannot be used as collateral," he noted. Because of intestacy and improper registration, true entrepreneurship could not be unlocked. "Wealth is not backed by paper [in Jamaica].

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Convert Dead Assets Into Live Capital - Dr Hall

MANAGING DIRECTOR of Jamaica Producers Group, Dr. Marshall Hall, has called on Jamaicans to emb...

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