Stakeholder Trust Identified as a Pivotal Economic Driver
- Engendering greater stakeholder trust across the public and private sectors to drive efficient service delivery is deemed pivotal in any thrust to secure higher levels of sustainable economic growth.
- This is the view of American bestselling author, Stephen Covey, who was speaking during the 37th Annual Caribbean Conference of Accountants, held recently at The Jamaica Pegasus hotel in New Kingston.
- Mr. Covey noted data from a study of 41 countries which he said shows that territories with the greatest levels of trust had the highest gross domestic product (GDP) per-capita incomes, and better economic performances.
- He also pointed out that in a “high-trust” culture, “persons are 32 times more likely to take a responsible risk, leading to innovation”.