Poverty and Economic Devastation in Jamaica Essay

Poverty and Economic Devastation in Jamaica - Essay ExampleThis essay analyzes not only positive changes that independence gave to Jamai washbasin people, but also the negative role of multinational tummys, that was foreseen as early as 1776 by the father of Economics, Adam Smith. In his ground-breaking book, Wealth of Nations that was discussed in the essay and circumscribe the foundation for the field of modern Economics, Smith wrote that corporations would eventually work to cleverly escape the laws that govern the market, they would get the competition, raise their profits and try to meddle with setting of prices and control of trade. Such negative role of the corporation in the countrys history happened in Jamaica as well. amaicas problems began in 1962 when it secured independence from England. This essay focuses on cause of struggling economy that is characterized by chronic debts, illiteracy, and an ancient medical system. The researcher describes that the country badly demand finance to address its problems and approached private banks, but only got the cold shoulder treatment. The researcher also describes Jamaican government policies on social subject fields and refers to cultural features of modern Jamaica and its citizens through examples such as movies, books on the topic of economic devastation and indigence in the country. The Rastafari movement, that emerged as a platform to fight local poverty and disenchantment also is mentioned in the essay. In conclusion, the researcher hopes that proper boost in tourism can generate much needed revenue to Jamaica and its beleaguered citizens.