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Book
Doing business in Jamaica : a qualitative perspective
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ISBN: 9766379831 Year: 2018 Publisher: Kingston ; Miami : Ian Randle Publishers,

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Book
Overcoming productivity challenges in small countries : lessons from Jamaica
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ISBN: 3031233018 303123300X Year: 2023 Publisher: Cham, Switzerland : Palgrave Macmillan,

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Productivity growth has been slowing down globally in recent years in light of heightened economic crises and geopolitical tensions. This book puts the issue of low productivity growth in small countries under a microscope, exploring Jamaica’s productivity challenges in its quest to achieve its United Nation Sustainable Developmental Goals. Overall, this book provides useful examples of handicaps that small countries face and proposes different approaches in finding plausible solutions to their overarching productivity challenges. This study provides useful lessons to other countries, as well, which would like to transition from developing to developed and to better the lives of their citizens. Andre Haughton is a Senior Lecturer in the Department of Economics at the University of the West Indies Mona with a research focus on international economics and applied macroeconomics. He is a former Senator in Jamaica and an International Monetary Fund Distinguished Academic Fellow who earned his Ph.D. from the University of Essex (UK). Wendel Ivey is an Economist in the Research and Economic Programming Division at the Bank of Jamaica and formerly a Senior Research Analyst at the Jamaica Productivity Centre. He holds a MSc in Economics from the University of the West Indies, Mona Campus with a focus on Economic Development and International Economics. .


Book
How Trade Liberalization Affects a Sugar Dependent Community in Jamaica : Global Action, Local Impact
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ISBN: 9783030893590 Year: 2022 Publisher: Cham : Springer International Publishing : Imprint: Palgrave Macmillan,

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Located within the plantation economy model of the "New World Group" of The University of the West Indies, this book explores how the changes in the European Union's sugar regime impacted a sugar-dependent community in Jamaica. It details how the end of centuries of preferential treatment of Jamaican sugar in the British/European market in 2005 worsened the social and environmental realities of the Monymusk community in Clarendon, Jamaica, which depended on the sugar industry. In describing the response of the Jamaican Government to the changes in the EU Sugar Regime, and the subsequent roll-out of an EU funded adaptation strategy, the author provides some unique perspectives on this process, drawing on his experience as a senior civil servant involved in the process. The book also highlights the continued social and environmental impact on the area since 2015 . The book concludes with a discussion on the empirical findings and how those findings contribute to the debates on the dependency perpetuated by the Plantation Economy Model of development and the failure of neo-liberal influenced government policies, as well as the lack of imagination of post-independent governments to break this dependency and deliver on the promise of independence.


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The Black Social Economy in the Americas : Exploring Diverse Community-Based Markets
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ISBN: 9781137600479 1137600470 Year: 2018 Publisher: New York : Palgrave Macmillan US : Imprint: Palgrave Macmillan,

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This pioneering book explores the meaning of the term "Black social economy," a self-help sector that remains autonomous from the state and business sectors. With the Western Hemisphere's ignoble history of enslavement and violence towards African peoples, and the strong anti-black racism that still pervades society, the African diaspora in the Americas has turned to alternative practices of socio-economic organization. Conscientious and collective organizing is thus a means of creating meaningful livelihoods. In this volume, fourteen scholars explore the concept of the "Black social economy," bringing together innovative research on the lived experience of Afro-descendants in business and society in Argentina, Brazil, Canada, Colombia, Guyana, Haiti, Jamaica, and the United States. The case studies in this book feature horrific legacies of enslavement, colonization, and racism, and they recount the myriad ways that persons of African heritage have built humane alternatives to the dominant market economy that excludes them. Together, they shed necessary light on the ways in which the Black race has been overlooked in the social economy literature. .


Book
Jamaica : Second Review Under the Stand-By Arrangement and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Jamaica.
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ISBN: 1484325540 1484325524 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses Jamaica’s Second Review under the Stand-by Arrangement and Request for Modification of Performance Criteria (PCs). Jamaica’s economy is showing sustained signs of activity, but growth remains vulnerable to the weather. Inflation and the current account deficit are low, helped by relatively stable oil prices and the government’s policy efforts. The historically low yields in the recent global bond reopening reflect Jamaica’s hard-won credibility. Program implementation remains strong. All PCs and structural benchmarks for the end of June were met. The landmark public pension reform bill was passed by Parliament. Based on continued strong program implementation and reform commitments, the IMF staff recommends completion of the second review.


Book
Contextualizing Jamaica's relationship with the IMF
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ISBN: 3030446638 303044662X Year: 2020 Publisher: Cham, Switzerland : Palgrave Macmillan,

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This ambitious book provides a comprehensive quantitative and qualitative assessment of Jamaica’s ties to the International Monetary Fund, focusing on Jamaica’s historical relationship with the IMF and reflecting on the domestic and international discourse surrounding the evolution of this relationship. Notably, this volume presents a critical analysis of Jamaica’s first engagement with and departure from the IMF and interrogates the political economy of the period. Jamaica’s economic experiences are assessed in the context of major global events, including the food price crises of 2007 and the global economic crises of 2008 and 2009. This book also looks at policy implications, and its well-researched analysis will be of great value to practitioners and policymakers as well as academics.


Book
Taxing Telecommunications in Developing Countries
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ISBN: 1484329325 1484329279 Year: 2017 Publisher: Washington, D.C. : International Monetary Fund,

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Developing countries apply numerous sector-specific taxes to telecommunications, whose buoyant revenues and formal enterprises provide a convenient “tax handle”. This paper explores whether there is an economic rationale for sector-specific taxes on telecommunications and, if so, what form they should take to balance the competing goals of promoting connectivity and mobilizing revenues. A survey of the literature finds that limited telecoms competition likely creates rents that could efficiently be taxed. We propose a “pecking order” of sector-specific taxes that could be levied in addition to standard income and value-added taxes, based on capturing rents and minimizing distortions. Taxes that target possible economic rents or profits are preferable, but their administrative challenges may necessitate reliance on service excises at the cost of higher consumer prices and lower connectivity. Taxes on capital inputs and consumer access, which distort production and restrict network access, should be avoided; so should tax incentives, which are not needed to attract foreign capital to tap a local market.


Book
Jamaica : Fourth Review Under the Stand-By Arrangement, Request for Modification of Performance Criteria, and Monetary Policy Consultation Clause-Press Release; Staff Report; and Statement by the Executive Director for Jamaica.
Authors: ---
ISBN: 1484383362 1484383281 Year: 2018 Publisher: Washington, D.C. : International Monetary Fund,

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Stable macroeconomy but growth continues to underperform. After nearly six years of economic reforms, unemployment is at an almost 11-year low, poverty is at a 9-year low, inflation is low, public debt is firmly on a downward trajectory, and international reserves are at historically high levels. Still, growth remains lackluster. Private investment has not fully taken advantage of the unprecedented opportunities presented by macroeconomic stability and strong fundamentals. Structural impediments need to be quickly addressed to foster capital formation. Sustained weak growth risks impeding reform momentum and could make achieving the government’s policy objectives more difficult.


Book
Jamaica's evolving relationship with the IMF : there and back again
Authors: ---
ISBN: 3030592049 3030592030 Year: 2021 Publisher: Cham, Switzerland : Palgrave Macmillan,


Book
Tax Administration Reforms in the Caribbean.
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ISBN: 1475592795 9781475592795 1475592779 Year: 2017 Publisher: Washington, D.C. International Monetary Fund

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Over the past decade, governments in the Caribbean region have introduced the value-added tax (VAT) to modernize their tax system, rapidly mobilize revenue and reduce budget deficits. This paper analyzes VAT performance in the region and concludes that while it has boosted revenues, the VAT has not reached its potential. Intended as a broad-based tax with limited exemptions, a single rate and zero-rating confined to exports, the VAT’s design often lacks these characteristics. The paper also finds that although tax administration reforms can boost revenues, countries have just started to address organizational inefficiencies, data integrity issues, and operational ineffectiveness. These reforms need to intensify in order to have a more significant impact on compliance and revenue.

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