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Palgrave Macmillan

Contextualizing Jamaica’s Relationship with the IMF

  • Book
  • © 2020

Overview

Authors:
  1. Christine Clarke

    1. Department of Economics, University of the West Indies, Mona, Jamaica

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  2. Carol Nelson

    1. Department of Government, University of the West Indies, Mona, Jamaica

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    You can also search for this author in PubMed   Google Scholar

  • Illuminates the political economy realities that have shaped economic decision-making in Jamaica

  • Provides a comprehensive yet contextualized overview of Jamaica’s historical relationship with the International Monetary Fund

  • Draws from a wide variety of data sources to offer a holistic, multidimensional analysis

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Table of contents (11 chapters)

  1. Front Matter

    Pages i-xxii
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  2. Introduction

    • Christine Clarke, Carol Nelson
    Pages 1-13

  3. Jamaica ‘Comin’ in from de Cold’

    • Christine Clarke, Carol Nelson
    Pages 15-35

  4. The Moyne Commission

    • Christine Clarke, Carol Nelson
    Pages 37-64

  5. Jamaica: Independence Realized

    • Christine Clarke, Carol Nelson
    Pages 65-90

  6. Introducing the International Monetary Fund

    • Christine Clarke, Carol Nelson
    Pages 91-121

  7. A Clash of Ideologies: Jamaica and the International Monetary Fund

    • Christine Clarke, Carol Nelson
    Pages 123-166

  8. The 1980s and 1990s: Inflection Points?

    • Christine Clarke, Carol Nelson
    Pages 167-193

  9. Economic Policy Independence: Jamaica’s Initial Experience

    • Christine Clarke, Carol Nelson
    Pages 195-216

  10. The Local Approach ‘Under the Microscope’: International Monetary Fund Article IV Reviews

    • Christine Clarke, Carol Nelson
    Pages 217-242

  11. Born of Crisis: The Public Sector Memorandum of Understanding

    • Christine Clarke, Carol Nelson
    Pages 243-261

  12. The Perfect Storms

    • Christine Clarke, Carol Nelson
    Pages 263-289

  13. Back Matter

    Pages 291-318
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Keywords

About this book

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.

Reviews

“Clarke and Nelson take you inside networks of struggle in the birthing and forging of a nation. This book opens the window of history, imprinting the characteristics and interactions of societal and geopolitical networks within a framework of dependency and uneven power dynamics. It reveals lessons learned from complex interactions within social relations replete with pitfalls, prospects and potential on the trajectory towards socioeconomic and political actualization and national development.” -Lloyd Waller, Lecturer, University of the West Indies

Authors and Affiliations

  • Department of Economics, University of the West Indies, Mona, Jamaica

    Christine Clarke

  • Department of Government, University of the West Indies, Mona, Jamaica

    Carol Nelson

About the authors

Christine Clarke is Lecturer in Public Policy, Development Economics, and Finance and Development at the University of the West Indies, Mona, Jamaica. She serves on the Board of the Bank of Jamaica, Jamaica’s central bank, and she has worked at the Planning Institute of Jamaica in various capacities, from Economic Advisor to the Director-General to the Director of Economic Planning and Research. She earned her PhD in Public Finance from Rice University, USA.


Carol Nelson is Lecturer in the Department of Government at the University of the West Indies, Mona, Jamaica. She has over 20 years of experience in the public sector, interfacing with international financial, regional and development institutions and has represented the Government of Jamaica in varying capacities, inclusive of CARICOM, on the Board of the Caribbean Development Bank (CDB), and at the UN. Her first book, Social Partnership and Governance Under Crises captures the development of network relations in furthering governance of the public sector under crisis conditions in the Jamaican context. Holding a PhD in Government as well as a Professional Certificate in Strategic Climate Change Adaptation, she lectures on subject areas of International Political Economy and Organizations, Analysis of Political Opinion & Media, Governance and Climate Change.



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