Manley, Michael
October 1970
Foreign Affairs;Oct70, Vol. 49 Issue 1, p100
Academic Journal
This article focuses on the factors affecting economic development and its impact on how Jamaica can overcome insularity. Four factors can be distinguished that are common to Jamaica and its general condition. First of all, the third world has joined the other two worlds in one feature that is common to both: nationalism. Basic to attitudes in the third world is the fear of foreign domination. The second factor, in the area of economics, is the adverse movement in the terms of trade between the third world and its highly industrialized and developed neighbors of the North, encompassing not only price trends as they relate to exports and imports between groups but also the terms on which capital is exported from one world to the other. The third factor inheres in a paradox: the fact that the new taste of nationalism and political independence coexists with a need for external capital. The fourth factor is that in its dealings with the industrialized nations, the third world desperately needs the strength that can come from regional economic groupings and more generally, the development of a common economic diplomacy. Regionalism is important to Jamaican development because it is the natural avenue through which it can enter and influence the stream of third-world politics. What is more, it is suggested that third-world politics would benefit enormously from the tough-minded pragmatism which characterizes Jamaican political leadership.


Related Articles

  • CONVERGENT AND DIVERGENT IDEALS IN THE SADC REGION. Tlou, Lehlohonolo // Journal of Third World Studies;Fall97, Vol. 14 Issue 2, p95 

    This article considers the points at which nationalism, regionalism, and economic development converge and diverge in the Southern African Development Community (SADC). The article seeks to analyze all three elements together to provide a better undrestanding of the way that economic development...

  • Poverty and corruption.  // New Scientist;10/11/2003, Vol. 180 Issue 2416, p3 

    Editorial. Focuses on steps that need to be taken to phase out corruption from developing countries. Role played by international financial organizations in preventing economic development of poor nations; Way in which the U.S. marched toward economic development despite the prevalence of a...

  • VOLATILITY AND DEVELOPMENT. Koren, Miklós; Tenreyro, Silvana // Quarterly Journal of Economics;Feb2007, Vol. 122 Issue 1, p243 

    Why is GDP growth so much more volatile in poor countries than in rich ones? We identify three possible reasons: (i) poor countries specialize in fewer and more volatile sectors; (ii) poor countries experience more frequent and more severe aggregate shocks (e.g., from macroeconomic policy); and...

  • The Role of Trade in Economic Development. Frank, Isaiah // International Organization;Winter68, Vol. 22 Issue 1, p44 

    The key role of trade in the development process is widely accepted today. Two recent events, both relating to international organizations, underscore this acceptance. One was the convening in 1964 of the United Nations Conference on Trade and Development (UNCTAD) and its establishment as a...

  • ASIA AT THE END OF THE 1970s. Scalapino, Robert A. // Foreign Affairs;1979 Special Issue, Vol. 58 Issue 3 

    This article presents information regarding the political and economic situation in India at the end of 1970's. Despite multiple obstacles, economic gains continue to be registered in most parts of Asia, although 1979 was not up to the performances of 1978, with few exceptions. Today, Asian...

  • Recovering Sustainable Development. Victor, David G. // Foreign Affairs;Jan/Feb2006, Vol. 85 Issue 1, p91 

    The article looks at how the concept of sustainable development - the notion that boosting economic growth, protecting natural resources, and ensuring social justice can be complementary goals - has lost much of its appeal over the past two decades. It is suggested that the notion of sustainable...

  • Global investing: can have a domestic feel. Cleveland, Bill // Medical Economics;7/24/2009, Vol. 86 Issue 14, p26 

    The article presents economic forecast in 2009. Many economists anticipate the world markets to be less dependent in the economy of the U.S. in the future, but has not happened yet. Most analysts anticipate that during the next 20 years, around 70% of the economic development in the world will...

  • A Model for Marketing In Economic Development. Mentzer, John T.; Samli, A. Coskun // Columbia Journal of World Business;Fall81, Vol. 16 Issue 3, p91 

    This article attempts to fulfill four objectives. First, the role of marketing in economic development is explored. Second, a model illustrating the application of marketing technology transfer to economic development goals is presented. Third, a methodology for evaluating stages of economic...

  • ECONOMIC DEVELOPMENT IN MEXICO AND THAILAND: AN INSTITUTIONAL ANALYSIS. Cornehls, James V.; Van Roy, Edward // Journal of Economic Issues (Association for Evolutionary Economi;Sep69, Vol. 3 Issue 3, p16 

    The central theme of this essay is that the drive to commercial- industrialism, which constitutes the development effort throughout much of the underdeveloped world today, is not the panacea it is reputed to be, even though it may seem warranted on conventional economic grounds and in terms of...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics