From State to Markets

Journey of the Jamaican Economy

Cezley Sampson

$166.95 $133.81

Paperback

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English

Ian Randle Publishers
31 October 2023

Economics; Economic growth

In this book, From State to Markets: Journey of the Jamaican Economy, the

author has produced a comprehensive and up-to-date work on the development of

Jamaica's modern economy from Independence to the present. This journey of the

Jamaican economy, described in magisterial style by Cezley Sampson, did not

begin in 1962, but had its antecedents in 300 years of British colonial rule,

characterized by a dominant sugar monoculture, monopolistic control of essential

services and industries, dependence on imperial trading preferences and an

underdeveloped Public Service that was neglectful of the rural poor in particular.

Sampson traces the post-independence development of Jamaica's public sector

and public enterprises, in the areas of competition policy, law and institutions and

in the provision of essential services of health, education and water. He outlines in

meticulous detail, the reform processes undertaken by the different political

administrations that have resulted in the creation of executive agencies and the

plethora of regulatory institutions that are today, essential parts of Jamaica's

economic governance landscape.

But the work does more than that; it provides a sweeping history of the country's

economic experience of what the author describes as the 'socialist economic policy

adventure of the 1970s' and its replacement by a take-over of Jamaica's economic

policymaking into a forcible clientelist relationship with the International

Financial Institutions in the period of the 1980s and beyond. However, starting in

the decade of the 1990s, the country was able to gradually free itself from the grip of

the Washington Consensus with their advocacy of supply-side economics and,

through a process of privatisation, begin to transition into the market driven

economy that we know today.

The book tells the story of the privatisation of the Jamaican economy through

case studies of six core sectors of the economy namely Aviation (Air Jamaica and

the two international airports): Agriculture (divestment of sugar-producing

enterprises): Telecommunications liberalisation: Financial sector liberalisation

and the privatisation of National Commercial Bank: Electricity sector liberalisation

and regulation; and Public/Private partnership in the Road Sector.

An outstanding feature of this work is the range of reference material the author

has gleaned from published works by the country's leading economists as well as

reports from state agencies Ministry Papers and other official documents,

supplemented by numerous maps, tables, graphs and other statistical material.

By: Cezley Sampson
Imprint: Ian Randle Publishers
Weight: 272g
ISBN: 9789768286871
ISBN 10: 9768286873
Pages: 255
Publication Date: 31 October 2023
Audience: Professional and scholarly , Undergraduate
Format: Paperback
Publisher's Status: Active

Cezley Sampson, CD is Director of Privatisation and Regulation af London Economic Itd. He holds a PhD in Public Affairs Economics from The University of the West Indies and an MA in Marketing from Lancaster University, UK. Dr Sampson has served as policy advisor under four different Jamaican prime ministers and five portfolio ministers and was the first Director of the Mona School of Business UWI. He is the author of over 60 consultancy publications, book chapters and Journal articles. He is married to Faye Simpson an Altorney-at-Law and currently resides in the UK.

ONLY $9.90 DELIVERY INFO

From State to Markets

Journey of the Jamaican Economy

Cezley Sampson

$166.95 $133.81

Paperback

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