Productive Development Policies in Jamaica

Arbeitspapier

Jamaica seems to be a puzzling case for economic growth: despite the structural reforms implemented in the last three decades and adequate investment levels, real GDP per capita is roughly the same as in 1970. The disappointing performance of this economy suggests that productive development policies (PDPs), including first-generation reforms, have not been enough to create a better environment for productivity growth. This paper examines the PDPs in Jamaica and concludes that behind the paradox of high investment and low growth of this economy are the “public debt trap” and a highly distortive tax incentive structure to attract foreign direct investment (FDI) and promote exports. Although industrial policy is moving towards a more modern conceptual design, the old schemes seem politically difficult to dismantle.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: IDB Working Paper Series ; No. IDB-WP-128

Classification and Topics

• Classification: Wirtschaft ; Industrial Policy; Sectoral Planning Methods ; Industrial Policy ; Economywide Country Studies: Latin America; Caribbean
• Subject: Productivity ; Industrial policy ; Foreign direct Investment ; Jamaica

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Panadeiros, Monica ; Benfield, Warren
• Event: Veröffentlichung
• (who): Inter-American Development Bank (IDB)
• (where): Washington, DC
• (when): 2010

Further information

• Handle: http://hdl.handle.net/10419/89111
• Last update: 10.03.2025, 11:42 AM CET