Christopher Burgess | Jamaica’s no-competition, no-growth economy

Jamaica’s economy has a persistent low-growth problem. For five decades, growth has remained stuck at roughly one per cent annually, while comparable economies have expanded at two to four per cent. The Inter-American Development Bank’s (IADB’s) 2025 report on competition in Latin America and the Caribbean shows that economies with weak competition grow slower, innovate less, and are less productive. Jamaica fits this pattern.

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