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Jamaica: Pandohie Warns Jamaica Could Face Venezuela-Like Crisis

A leading businessman is warning Jamaica to be on guard against a similar local occurrence of the economic nightmare unfolding in regional neighbour Venezuela.

Richard Pandohie, president of the Jamaica Manufacturers and Exporters’ Association (JMEA), used yesterday’s opening ceremony of the Christmas in July trade show at The Jamaica Pegasus hotel in New Kingston to remind his audience that despite its economic woes, the “Venezuela of today that we all read about in shock” has natural resources and abundant wealth.

“After all, that country is blessed with so much natural resources and has so much wealth, what would have gone wrong? What went wrong was that there was inequity in their society, and disparity between the haves and the have-nots was too wide.

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