24 pp., This paper looks at Jamaica's recent history of indebtedness, its experience during the global economic downturn, and examines its current agreement with the International Monetary Fund (IMF). It finds that Jamaica's economic and social progress has suffered considerably from the burden of an unsustainable debt; and that even after the debt restructuring of 2010, this burden remains unsustainable and very damaging. Pro-cyclical macroeconomic policies, implemented under the auspices of the IMF, have also damaged Jamaica's recent and current economic prospects.
Katz,Ethan (Author) and Boscov-Ellen,Daniel (Author)
Format:
Pamphlet
Publication Date:
2010-04-14
Published:
Council on Hemispheric Affairs
Location:
African American Research Center, Library, University of Illinois at Urbana-Champaign
Notes:
12 p., Over the last few months there has been a surfeit of talk in the international community over what should be done for Haiti. However, in almost all of these discussions Haiti's historical context is completely excised -- It is almost as if the country had only come into being as a result of January's earthquake. This collective amnesia is damning since the devastating nature of these natural disasters cannot be understood apart from over two centuries of Haiti's colonial and postcolonial subjugation, foreign occupation, economic exploitation, and the degrading conditions faced by most of its population.