Overcoming Productivity Challenges in Small Countries

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.

Outlines how productivity challenges can be overcome in Small Island Developing States (SIDS) Demonstrates an understanding of the factors that hamper productivity growth Identifies country-specific idiosyncrasies that have prevented Jamaica's holistic development

Autorentext

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.

Inhalt

1. COVID-19 and Efficiency in a New Global Economy.- 2. Total Factor Productivity & Labour Productivity drivers in Jamaica.- 3. Productivity & Labour Usage in the Goods Producing Sector in Jamaica.- 4. Productivity & Labour Usuage in the Service Providing Sector in Jamaica.- 5. Human Capital, Productivity & Compensation in Jamaica.- 6. Migration and Human Capital Flight.- 7. Remittances.- 8. Corruption & the Informal Economy in Jamaica.- 9. A Growth Comparison of Mauritius and Jamaica.- 10. Forging A Way Forward.