Papers on "Manufacturing Sectors in Jamaica, Trinidad and Tobago" and similar term paper topics
Paper #026583 ::
Manufacturing Sectors in Jamaica, Trinidad and Tobago
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An in-depth study which compares the manufacturing sector of Jamaica with the manufacturing sector in Trinidad and Tobago and why one is more successful than the other.
Written in 2002; 12,014 words; 43 sources; MLA;
$ 232.95
Paper Summary:
This paper compares, through the application of appropriate economic models, the development of the manufacturing sub-sector in Jamaica with the manufacturing sub-sector in Trinidad in order to identify those factors that have led to higher levels of growth in Trinidadian manufacturing than those prevailing in Jamaican manufacturing. The paper asks if the differences between Jamaica and Trinidad in the effectiveness of the transmission of export gains, have contributed to differences in the growth of the manufacturing sub-sector in the two countries. It also questions whether the differences between Jamaica and Trinidad, in relation to the development of internal obstacles emanating from governmental economic policy, have led to differences in the levels of foreign direct investment (FDI) in the two countries.
From the Paper:
"Throughout the decade of the 1980s, Jamaica experienced economic growth. The nation's mean growth rate for the decade was 2.2 percent, and the Jamaican economy recorded its highest growth rate, 4.1 percent, in 1990. Subsequently to 1990, Jamaican economy performed somewhat erratically through 1994 while maintaining growth. The economy was flat in 1995 and fell into recession in 1996, where it has since remained (World Bank, 1999). Gross domestic product (GDP) in Jamaica declined 0.7 percent in 1998 (Thomas, 1999). By the spring of 1999, Jamaica's economy was described as being in a state of "shambles" after recording its third consecutive year of recession in 1998 (Gibbings, 1999, p. 1).
The Trinidadian economy, by contrast with that in Jamaica, was in recession throughout the 1980s, experiencing mean negative growth of 2.9 percent across the decade. Trinidad experienced two years of economic growth in 1990 and 1991 before falling back into recession in both 1992 and 1993. From 1994 through 1998, however, Trinidad recorded strong economic growth, although the rate of growth steadily declined from 3.8 percent in 1994 to 3.1 percent in 1998 (World Bank, 1999). By the spring of 1999, however, Trinidad's economy was described as being in "rapid decline" (Gibbings, 1999, p. 1). GDP growth in the first quarter of 1999 slipped to two-percent (International Monetary Fund, 1999)."
Tags:
investment growth asian carribean
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