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Working Papers

December, 2008
Thematic Area: 

Recent work emphasizes the primacy of differences in countries’ colonially-bequeathed property rights and legal systems for explaining differences in their subsequent economic development. Barbados and Jamaica provide a striking counter example to this long-run view of income determination


July, 2007

Recent research has suggested that anticipated future changes in the global economy will further shift Jamaica's comparative advantages away from traditional labour- and resource-intensive industries. Moreover, vulnerability to climatic and external shocks will further expose production that is dependent upon space to vagaries that lie largely beyond the country's control. One of the few areas in which Jamaica enjoys a comparative advantage that is likely to survive such changes is knowledge-generation.