Economic Management, Income Distribution, and Poverty in Jamaica - by Derick Boyd Hardcover

About the Book

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.

Book Synopsis

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.

About the Author

DERICK A.C. BOYD teaches in the Department of Economics at the University of the West Indies, Mona, Kingston, Jamaica.