Home
» Articles »
Realism and manifestos
FINANCE MINISTER Omar Davies has introduced a note of realism
into the current political debate. Specifically, Dr. Davies
warned that whoever wins the election will face serious challenges
regarding the economy's possibilities.
He
listed the main challenges as the sluggishness of the American
economy that would impact negatively on the tourism and bauxite/alumina
sectors the economy's undisputed foreign exchange earners.
The Finance Minister also mentioned the dependence on imported
oil that could experience price increases, as another limitation
facing the economy; no doubt because of the prominence of
the debt crisis he did not refer to this issue.
Dr.
Davies made no reference to the election manifestos put out
by the major political parties, but his comments obviously
assume tremendous significance against the background of these
documents and their promises, which have implications for
the national budget.
It
is also significant that this warning about the need for realistic
expectations, given the state of the economy, was underscored
by the international rating agency, Bear Stearns, in its latest
update on the Jamaican economy. Not surprisingly, the Government
moved quickly to absolve itself from requiring any such advice
and argued that its election promises are sensitive to the
current economic
realities.
As
the election date approaches, one pragmatic way to ensure
that realism undergirds any further election promises is for
civil society to put the matter of accountability on the top
of the agenda. In this regard the noticeable increase in the
opportunities for debate among political candidates is commendable.
Ultimately, the electorate, aided by the media, must let the
parties understand that it will hold them accountable for
their promises. In any event, accountability is a hallmark
of good governance.
THE
OPINIONS ON THIS PAGE, EXCEPT FOR THE ABOVE, DO NOT NECESSARILY
REFLECT THE VIEWS OF THE GLEANER.
|