Cezley Sampson From State to Markets: Journey of the Jamaican Economy 9789768286871

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Автор: Cezley Sampson
Название: From State to Markets: Journey of the Jamaican Economy
ISBN: 9789768286871
Издательство: Mare Nostrum (Eurospan)
Классификация: ISBN-10: 9768286873
Обложка/Формат: Paperback
Страницы: 255
Вес: 0.00 кг.
Дата издания: 31.10.2023
Язык: English
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Поставляется из: Англии
Описание: In this book, From State to Markets: Journey of the Jamaican Economy, the

author has produced a comprehensive and up-to-date work on the development of

Jamaicas modern economy from Independence to the present. This journey of the

Jamaican economy, described in magisterial style by Cezley Sampson, did not

begin in 1962, but had its antecedents in 300 years of British colonial rule,

characterized by a dominant sugar monoculture, monopolistic control of essential

services and industries, dependence on imperial trading preferences and an

underdeveloped Public Service that was neglectful of the rural poor in particular.

Sampson traces the post-independence development of Jamaicas public sector

and public enterprises, in the areas of competition policy, law and institutions and

in the provision of essential services of health, education and water. He outlines in

meticulous detail, the reform processes undertaken by the different political

administrations that have resulted in the creation of executive agencies and the

plethora of regulatory institutions that are today, essential parts of Jamaicas

economic governance landscape.

But the work does more than that; it provides a sweeping history of the countrys

economic experience of what the author describes as the socialist economic policy

adventure of the 1970s and its replacement by a take-over of Jamaicas economic

policymaking into a forcible clientelist relationship with the International

Financial Institutions in the period of the 1980s and beyond. However, starting in

the decade of the 1990s, the country was able to gradually free itself from the grip of

the Washington Consensus with their advocacy of supply-side economics and,

through a process of privatisation, begin to transition into the market driven

economy that we know today.

The book tells the story of the privatisation of the Jamaican economy through

case studies of six core sectors of the economy namely Aviation (Air Jamaica and

the two international airports): Agriculture (divestment of sugar-producing

enterprises): Telecommunications liberalisation: Financial sector liberalisation

and the privatisation of National Commercial Bank: Electricity sector liberalisation

and regulation; and Public/Private partnership in the Road Sector.

An outstanding feature of this work is the range of reference material the author

has gleaned from published works by the countrys leading economists as well as

reports from state agencies Ministry Papers and other official documents,

supplemented by numerous maps, tables, graphs and other statistical material.

From State to Markets: Journey of the Jamaican Economy, Cezley Sampson