The Singapore Success Story and Why Economic Growth Eludes Jamaica
Abstract
At the start of the 1960s Jamaica and Singapore had comparable if not
similar levels of per capita GDP. This continued until the mid 1970s. Singapore
achieved remarkable growth rates, while Jamaica has not had the same success.
This study, in determining what has accounted for the difference in economic
success, has found that leadership and governance was most important for
Singapore, while a lack of such leadership has characterized the Jamaican
problem. The study employs growth diagnostics as a tool to determine what has
hampered Jamaica’s growth and what may be some possible solutions.
Description
Keywords
Singapore, Jamaica, economic development