Sunday, November 15, 2009

Gloomy Jamaica: Unfixable?

This article discusses the massive debt of Jamaica. With the global financial crisis, Jamaica's exports have been hurt and their deficit has grown substantially. Discussions for debt relief are taking place with the IMF, but the economic situation remains grim. Corruption and gang presence, as well as violence, is still high. The government needs to eliminate high crime rates before they can create economic growth and pay back their debt.

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