COVID-19 and Efficiency in a New Global Economy

Andre Haughton () and Wendel Ivey ()
Additional contact information
Andre Haughton: University of the West Indies
Wendel Ivey: Bank of Jamaica

Chapter Chapter 1 in Overcoming Productivity Challenges in Small Countries, 2023, pp 1-22 from Springer

Abstract: Abstract This chapter introduces productivity growth as an important factor to the sustainable development of a country’s economy. The chapter explores how some countries from Asia have been able to increase their productivity levels and are better able to reduce the likelihood of poverty and low standard of living relative to the countries from the Caribbean. Among these countries from the Caribbean and East Asian top 5, Jamaica has seen the lowest productivity growth over the past 70 years which is a cause for concern. This chapter explores Jamaica’s economic performance, comparing the impact of the COVID-19 pandemic and the Global Financial Crisis on the country’s main macroeconomic indicators. Finally, the chapter sheds light on the “new normal”, the more internet-based economy that is being established including the new digital technologies and their implications for a country’s productivity.

Keywords: Jamaica; COVID-19; Technology; Productivity; Asia; The Caribbean; Poverty reduction (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-23301-2_1

Ordering information: This item can be ordered from
http://www.springer.com/9783031233012

DOI: 10.1007/978-3-031-23301-2_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().