The Road to Sustained Growth in Jamaica

The Road to Sustained Growth in Jamaica

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Despite having a number of potential attributes (such as being English-speaking, having poverty levels below that of comparable countries and a reasonably well-educated labour force), Jamaicas economic history is marked by the paradoxes of low growth in GDP and high employment despite high investment and important achievements in poverty reduction. This publication seeks to examines these issues, and topics discussed include: poverty reduction and income inequality; whether Jamaicas GDP growth has been underestimated; policy options for reducing the fiscal and debt burden, revitalising the financial system; improving education outcomes, tackling the economic costs of crime, and improving international competitiveness.To deal with the threat of crime, most firms undertake protective measures (see Table 6.4). (See also Table 6.7 and sub-section below on business practices and prospects, where firms cite the increased cost of security as the most frequentanbsp;...

Title:The Road to Sustained Growth in Jamaica
Author: World Bank
Publisher:World Bank Publications - 2004

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