Abstract
Governance in the context of crisis has led to forms of innovation in governance. The creation of social partnership to mitigate the effects of crises has engendered stability between parties for mutual gains and has mitigated the risk of loss. EPOC’s creation as a multi-partite social partnership brokering several interests along with modalities that supported the successful implementation of the IMF caused them to receive accolades and the public confidence as a public good. The networking and interface of EPOC with Government, which were beneficial to the public interest during the roll out of the IMF Agreements, facilitated transparency, cooperative problem-solving and committed actions to address wicked problems.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Alesina, A., & Tabellini, G. (1990). A positive theory of fiscal deficits and government debt. Review of Economic Studies, 57, 403–414.
Bassett, Carolyn. (2004). The demise of the social contract in South Africa. Canadian Journal of African Studies, 38(3), 543–557.
Beetsma, R. M., & Bovenberg, A. L. (1999). Does monetary unification lead to excessive debt accumulation? Journal of Public Economics, 74(3), 299–325.
Beschorner, T., & Müller, M. (2007). Social standards: Toward an active ethical involvement of businesses in developing countries. Journal of Business Ethics, 73(1), 11–20.
Bullock, C. F. (2010, June 13). On the trail of fiscal responsibility. Sunday Gleaner.
Brewster, H. (2007). Understanding development challenges of the Caribbean. Prepared for World Bank Forum for parliamentarians on ‘Shaping a Trade Agenda to Promote Regional Integration and Competitiveness for CARICOM,’ St. Lucia.
Brown, D. (2002). The private sector as a social partner: The Barbados model. In S. Ryan & A. Marie Bissessar (Eds.), Governance in the Caribbean. St Augustine: SALISES, University of the West Indies.
Callon, M. (1986). Some elements of a sociology of translation: Domestication of the scallops and the fishermen of St Brieuc Bay. In J. Law (Ed.), Power, action and belief: A new sociology of knowledge? (pp. 196–223). London: Routledge.
Caribbean Policy Research Institute (CaPRI). (2009). A new social partnership for Jamaica. Kingston, Jamaica: Author.
Colebatch, H. K. (2009). Governance as a conceptual development in the analysis of policy. Critical Policy Studies, 3(1), 58–67.
Cook, M. L. (1998). Toward flexible industrial relations? Neo-liberalism, democracy, and labor reform in Latin America. Industrial Relations, 37(3), 311–336. https://doi.org/10.1111/0019-8676.00090.
De Maeyer, J. (2016). Adopting a ‘material sensibility’ in journalism studies. In The SAGE handbook of digital journalism (pp. 460–476). London: Sage.
Fairclough, N. (2005). Critical discourse analysis in transdisciplinary research. In A new agenda in (critical) discourse analysis (pp. 53–70).
Fudge, J. (2007). The new discourse of labour rights: From social to fundamental rights? Comparative Labor Law and Policy Journal, 29(1), 2007.
Grabbe, H. (1999). A partnership for accession: the implications of EU conditionality for the Central and East European applicants. Robert Schuman Centre: European University Institute.
Hagemann, R. (2011). How can fiscal councils strengthen fiscal performance? OECD Journal: Economic Studies, 2011(1), 1–24.
Harris, D. J. (2010). Jamaica’s debt propelled economy: A failed economic strategy and its aftermath (SALISES Working Paper, 1). Mona, Jamaica: University of the West Indies.
Héthy, L. (2001). Social dialogue and expanding world. New Internationalist.
International Labour Organization. (2001). The ILO in the Caribbean: Its objectives and activities: Strengthening tripartism and social dialogue. Retrieved from http://www.ilocarib.org.tt/Promalco_tool/productivity-tools/introilopro.htm.
International Labour Organisation. (2007). Report of the meeting on the project “history of ILO ideas and their impact”. Geneva: International Labour Organisation.
International Monetary Fund Country Focus. (2017, May 23). Grenada set stage for sustainable growth (IMF Country Focus). https://www.imf.org/en/News/Articles/2017/05/23/NA230517-Grenada-Sets-Stage-for-Sustainable-Growth.
Jessop, B. (1999). The dynamics of partnership and governance failure: The new politics of local governance in Britain (pp. 11–32). Basingstoke: Macmillan.
Johnston, J. (2013). The multilateral debt trap in Jamaica. Washington, DC: Center for Economic and Policy Research. Retrieved from http://www.cepr.net/documents/publications/jamaica-debt-2013-06.pdf.
Jonung, L., Begg, I., & Tutty, M. G. (2016). How is the Irish fiscal advisory council performing? An independent evaluation of the first years of IFAC (Working Paper 3). Department of Economics, School of Economics and Management, Lund University.
Katz, H., Wonduck, L., & Joohee, L. (2004). The new structure of labor relations: tripartism and decentralization. Ithaca, NY: Cornell University Press.
Kernaghan, K. (1993). Partnership and public administration: Conceptual and practical considerations. Canadian Public Administration, 36(1), 57–76. https://doi.org/10.1111/j.1754-7121.1993.tb02166.x.
Lebrun, I. (2006). Fiscal councils, independent forecasts, and the budgetary process: Lessons from the Belgian case. In J. Ayuso-i-Casals et al. (Eds.), Policy instruments for sound fiscal policy. Palgrave Macmillan.
Levitsky, S., & Way, L. A. (1998). Between a shock and a hard place: The dynamics of labour-backed adjustment in Poland and Argentina. Comparative Politics, 30(2), 171–192. https://doi.org/10.2307/422286.
Madrid, R. L. (2003). Labouring against neoliberalism: Unions and patterns of reform in Latin America. Journal of Latin American Studies, 35(1), 53–88. https://doi.org/10.1017/S0022216X0200665X.
Martinez-Lucio, M., & Stuart, M. (2002). Social partnership and mutual gains organization and remaking involvement and trust at the British workplace. Economic and Industrial Democracy, 23(2), 177–200. https://doi.org/10.1177/0143831X02232003.
McCartan, P. (2002). Towards social partnership-or co-operative industrial relations? Irish Journal of Management, 23(1), 53.
Mooney, H., Wright, A., & Grenade, K. (2018). Fiscal councils: Evidence, common features and lessons for the Caribbean.
Nelson, C. (2019). Social partnership and governance under crises. IGI Global.
O’Donnell, R. (1996). Ireland’s experiment in social partnership, 1987–96. Social Pacts in Europe (pp. 79–95). Brussels: ETUI.
Osei, P. D. (2004). Tripartite social partnerships in small states: Barbados and Jamaica in comparative perspective. Globalization and Governance: Essays on the Challenges for Small States, 9, 34.
Rhodes, R. A. W. (1997). Understanding governance: Policy networks, governance, reflexivity and accountability. Buckingham, UK: Open University Press.
Rogoff, K. (1990). Equilibrium political budget cycles. American Economic Review, 80, 21–36.
Schmid, J. P. (2016). Addressing debt overhang. IDB
Sunday Gleaner. (2014, June 29). EPOC masterstroke—Jamaica praised for public-private sector team monitoring IMF agreement.
Trebilcock, A. (1996). Structural adjustment and tripartite consultation. International Journal of Public Sector Management, 9(1), 5–16. https://doi.org/10.1108/09513559610693233.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Clarke, C., Nelson, C. (2021). New Governance Paradigms. In: Jamaica’s Evolving Relationship with the IMF. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-59204-2_5
Download citation
DOI: https://doi.org/10.1007/978-3-030-59204-2_5
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-59203-5
Online ISBN: 978-3-030-59204-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)