chapter  8
16 Pages

THE STRIKE OF CAPITAL IN JAMAICA

GuyanaandJamaicawerethe"Left"governmentsintheEnglishspeakingCaribbeanduringthe1970's.Butdatafromthatdecade indicatethatneithercountrywassuccessfulinitseffortsat initiatingautonomousgrowth.Inbothcountriespercapita economicgrowthrateswerenegativebetween1970and1977. InthecaseofJamaicathe1.7percentannualrateofdeclinein percapitaoutputreversedapatternofexpansionwhichinthe 1960sexceeded2.0percentperyear.Similarlythedecreaseof 0.7percentperyearinGuyanareversedapatternofexpansion whichhadbeenexperiencedinallbuttheriottornyearsofthe 1960s.(SeeTable8.1.)

EquallysignificantarethedataprovidedinTable8.2on agriculturaloutputinthesecountries.Thereitismadeclear thattheshifttoastrategyofautonomousgrowthinthese countrieswasnotaccompaniedbyanewdynamicinagricultural output.InbothJamaicaandGuyanaagriculturaloutputper

Table8.1 AVERAGEANNUALGRO"WTHRATEOFREAL

GROSSDOMESTICPRODUCTPERCAPITA GUYANAANDJAMAICA,1950/60-1970/77

Table-8.2 AVER,.AGEA.t'iNUALGROWTHRATEOF

capitaactuallydeclinedinthe1970s.InGuyanathisdecrease continuedatrendtraceableatleasttotheearly1960s,whilein Jamaicathatnegativeperformanceseemstohavebeeninitiated inthelate1960s.Inbothcases,therefore,theshifttoselfreliantgrowthwasnotaccompaniedbyareversalofprevious unsatisfactoryperformancesinagriculturedespitethefactthat thenewapproachtodevelopmentrequiredsuchasreversal.