READ AND LEARN After the Seaga Administration was voted out in 1989, Timothy Ashby, Director of the Office of Mexico and the Caribbean Basin from the U.S. Department of Commerce, published an assessment of Seaga from which the following is taken. Despite 1 billion in U.S. development assistance and the close friendship of the Reagan administration, Edward Seaga failed to transform Jamaicas economy during more than eight years in office, becoming a disappointment, as well as a political embarrassment, to his many supporters. his stated commitment to the private sectors seemed at odds with an evident distaste for dismantling Jamaicas pervasive statism....Per capital GDP was unchanged from 1980 while foreign dept had more than doubled, leaving Jamaica one of the worlds most indebted countries on a per capita basis. The Jamaican dollar had plummeted in value by 300 percent against the U.S dollar yet was still considered
Posted on: Sun, 16 Mar 2014 04:07:26 +0000
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