The Jamaican Economy In The 1980s


Book Description

This book analyzes the main causes of deterioration in the Jamaican economy since 1972 and assesses the prospects for returning to a period of stable growth under an International Monetary Fund Stabilization program. Considering both the role of international economic conditions and domestic policies on Jamaica's economic decline, Dr. Looney compares the viability of the socialist model of development, implemented between 1972 and 1980, with that of the U.S.-sponsored supply side model. He raises important questions about the ability of small open economies to sustain acceptable rates of growth in the existing world economic environment, the effectiveness of IMF Stabilization programs on these economies, the possible impact of supply side development strategies, and the significance of Caribbean Basin Initiative policies for growth and stability in the area.







Jamaica


Book Description







Democratic Socialism in Jamaica


Book Description

The work includes a detailed historical account of the Manley years, focusing on shifting relations between contending social forces and on the interaction between economics and politics. Originally published in 1986. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.







Economic Management, Income Distribution, and Poverty in Jamaica


Book Description

Providing an empirical look at the Jamaican economy, this careful study examines the impact of the (International Monetary Fund) approach to economic management in the 1980s and compares it to the non-IMF policies of the 1970s. Opening with an overview of the structure of Jamaica's economy, the book discusses the results of the economic policies of the 1970s and 1980s. Demonstrating that Jamaica's income is among the most unequally distributed in the world, the author explores how the policies of various governments affected income distribution, focusing on whether non-IMF policies had a different effect than IMF policies. He concludes with a discussion of how inflation and fiscal policies influence particularly vulnerable groups, which include children, the elderly, and much of the labor force.




To Hell With Paradise


Book Description

In the course of the nineteenth century, Jamaica transformed itself from a pestilence-ridden "white man's graveyard" to a sun-drenched tourist paradise. Deftly combining economics with political and cultural history, Frank Fonda Taylor examines this puzzling about-face and explores the growth of the tourist industry into the 1990s. He argues that the transformations in image and reality were not accidental or due simply to nature's bounty. They were the result of a conscious decision to develop this aspect of Jamaica's economy.Jamaican tourism emerged formally at an international exhibition held on the island in 1891. The international tourist industry, based on the need to take a break from stressful labor and recuperate in healthful and luxurious surroundings, was a newly awakened economic giant. A group of Jamaican entrepreneurs saw its potential and began to cultivate a tourism psychology which has led, more than one hundred years later, to an economy dependent upon the tourist industry.The steamships that carried North American tourists to Jamaican resorts also carried U.S. prejudices against people of color. "To Hell with Paradise" illustrates the problems of founding a tourist industry for a European or U.S. clientele in a society where the mass of the population is poor, black, and with a historical experience of slavery and colonialism. By the 1990s, tourism had become the lifeblood of the Jamaican economy, but at an enormous cost: enclaves of privilege and ostentation that exclude the bulk of the local population, drug trafficking and prostitution, soaring prices, and environmental degradation. No wonder some Jamaicans regard tourism as a new kind of sugar.Taylor explores timely issues that have not been previously addressed. Along the way, he offers a series of valuable micro histories of the Jamaican planter class, the origins of agricultural dependency (on bananas), the growth of shipping and communications links, the process of race relations, and the linking of infrastructural development to tourism. The text is illustrated with period photographs of steamships and Jamaican tourist hotels.




Jamaica's Export Economy


Book Description




The Confounding Island


Book Description

The preeminent sociologist and National Book Award–winning author of Freedom in the Making of Western Culture grapples with the paradox of his homeland: its remarkable achievements amid continuing struggles since independence. There are few places more puzzling than Jamaica. Jamaicans claim their home has more churches per square mile than any other country, yet it is one of the most murderous nations in the world. Its reggae superstars and celebrity sprinters outshine musicians and athletes in countries hundreds of times its size. Jamaica’s economy is anemic and too many of its people impoverished, yet they are, according to international surveys, some of the happiest on earth. In The Confounding Island, Orlando Patterson returns to the place of his birth to reckon with its history and culture. Patterson investigates the failures of Jamaica’s postcolonial democracy, exploring why the country has been unable to achieve broad economic growth and why its free elections and stable government have been unable to address violence and poverty. He takes us inside the island’s passion for cricket and the unparalleled international success of its local musical traditions. He offers a fresh answer to a question that has bedeviled sports fans: Why are Jamaican runners so fast? Jamaica’s successes and struggles expose something fundamental about the world we live in. If we look closely at the Jamaican example, we see the central dilemmas of globalization, economic development, poverty reduction, and postcolonial politics thrown into stark relief.