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Financial Deepening, Domestic Resource Mobilisation and Economic Growth: Jamaica 1955–82

In: Foreign Investment, Debt and Economic Growth in Latin America

Author

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  • Compton Bourne

Abstract

The economic growth performance of most Commonwealth Caribbean countries has been unimpressive in recent years. Real per capita gross domestic product declined by 5 per cent in Guyana and 17 per cent in Jamaica between 1970 and 1982. The Trinidad and Tobago economy which grew rapidly during the petroleum price boom of 1974 to 1981 experienced decreases in real per capita Gross Domestic Product (GDP) in 1983 and 1984. Barbadian real gross product per capita also declined in 1982 and 1983.

Suggested Citation

  • Compton Bourne, 1988. "Financial Deepening, Domestic Resource Mobilisation and Economic Growth: Jamaica 1955–82," Palgrave Macmillan Books, in: Antonio Jorge & Jorge Salazar-Carrillo (ed.), Foreign Investment, Debt and Economic Growth in Latin America, chapter 12, pages 165-179, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-08311-4_12
    DOI: 10.1007/978-1-349-08311-4_12
    as

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