Abstract
Prior to the October 1980 election in Jamaica,1 the administration of Michael Manley's People's National party (pnp) had tried for eight years to turn Jamaica into a showpiece of socialist economic management. Shortly after the success at the polls of the Jamaica Labour party (jlp) under Edward Seaga, the administration of President Ronald Reagan in the United States promised to turn Jamaica into a showcase of capitalist development in the Caribbean. After eight years of pnp socialism and four years of jlp capitalism, Jamaica's economy has failed to respond to either ideological medicine and continues to drift from crisis to crisis.
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