How to cut government debt, with Robin Wigglesworth
The Economics Show
00:00
Fiscal Discipline: Jamaica's Journey
This chapter explores Jamaica's impressive fiscal discipline, maintaining a primary surplus above 7% of GDP for several years, contrasted against Greece's struggles. It highlights the role of political cooperation in implementing debt reduction strategies and emphasizes the importance of consensus among various stakeholders during economic reforms. Through discussions of Jamaica's unique political landscape and effective fiscal rules, the chapter illustrates the critical link between governance and economic stability.
Transcript
Play full episode
