A01=Robert E. Looney
A01=Robert Looney
Author_Robert E. Looney
Author_Robert Looney
balance of payments crisis
Caribbean Basin Initiative
Caribbean economic policy
CARICOM Country
Category=JP
Country's Current Account
Current Account Balance
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eq_nobargain
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Gdp Decline
GDP Growth
I
IMF
IMF Policy
IMF Program
IMF Stabilization
IMF Stabilization Program
international monetary fund
Jamaican Dollar
Jamaican Economy
JLP.
macroeconomic policy analysis
PDB
PNP.
Reagan's Caribbean Basin Initiative
Real Effective Exchange Rate
Real Government Expenditures
Real Money Balances
Real Personal Consumption Expenditures
RRI
Seaga Government
small open economies
structural adjustment program effects
supply side economics
Product details
- ISBN 9780367308773
- Weight: 420g
- Dimensions: 152 x 246mm
- Publication Date: 31 May 2021
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Paperback
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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.
Robert E. Looney is associate professor of national security affairs at the U.S. Naval Postgraduate School, Monterey, California. He is the author of numerous books, including Economic Policymaking.
