Forging a Way Forward

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

Chapter Chapter 10 in Overcoming Productivity Challenges in Small Countries, 2023, pp 259-278 from Springer

Abstract: Abstract This chapter concludes the book and explores underlying principles that are important to the discussion of productivity in the local and global context. It explores the relevance of specialization as a necessary strategy to improve productivity growth along with some other country specific factors which Jamaica can implement to improve productive performance and quality of life in Jamaica. These include greater support for the national productivity organization, a mandatory second language and increasing economic complexity to deliver higher value-added goods and services. Consequently, the chapter provides a pathway on how to escape the poverty trap sustainably.

Keywords: Specialisation; Division of labour; Economic complexity; GDP (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-23301-2_10

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DOI: 10.1007/978-3-031-23301-2_10

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