Don Robotham | Jamaica as a developmental state

[Sir X]

We must distinguish between ‘growth’ and ‘development’. Growth is simply an increase in GDP, however achieved. Development, however, is the transformation of the production structure. This difference is captured in Harvard’s ‘economic complexity index’ which attempts to measure an economy’s production structure, including tech knowledge. In the most recent data set (2020) Jamaica is ranked 83 out of 133 countries with an ECI value of -0.357836. In 2010 we ranked 64. In comparison Costa Rica was ranked at 48, Trinidad and Tobago at 55, and the Dominican Republic at 62.

https://jamaica-gleaner.com/article/...opmental-state