000			00949nam a2200121Ia 4500
005			20260716043336.0
100			_aDANIELSON, Anders
245			_aEconomic reforms in Jamaica.
260			_c1996
520			_aDescribes a situation in which public policy fails due to the high political price of necessary reforms within a competitive democracy. Argues that Jamaica's competitive democratic system has given rise to, and fostered, a number of negative features: a large and inefficient public sector, budget deficits, inflation, and balance-of-payments disequilibria. As a result, large-scale, allocative inefficiencies and low rates of growth have (1) contributed to endemic poverty and (2) perpetual inequality in the relative distribution of income (as well as social benefits) between the informal, largely rural poor on the one hand, and the formal, largely urban, middle to upper classes on the other.
583			_c3/7/00 _kM2LMGR
942			_cA
999			_c45255 _d45255