Reviewed in International Affairs (Royal Institute of International Affairs 1944-) © 1973.
This book deals extensively with foreign investment in the Jamaican bauxite industry, the foreign borrowing of the Government of Jamaica, and the operations of foreign owned financial institutions. And it discusses the process of growth and structural change in the Jamaican economy since 1950 in the context of this analysis. It shows how foreign capital has been chiefly responsible for the high rate of growth, and the structural changes, experienced by the Jamaican economy since the War. It also seeks to explain why, in spite of this, structural dependence and material poverty remain the chief economic problems of Jamaica in the 1970’s. It suggests that continued inflows of capital in the present forms will not resolve these problems, and it outlines a possible alternative development strategy which will.
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