Full episode
410: Social Contract
Act Two

If You Were Stranded on a Desert Island and Could Only Bring One Economic Plan...

Why is it that Barbados and Jamaica faced almost identical financial crises, but now Jamaica is incredibly poor and Barbados is prospering? Alex Blumberg reports on the surprising strategy Barbados used to survive its crisis. Alex first learned about this story from a paper by Peter Blair Henry, the dean of the Stern School of Business at New York University. (22 minutes)

This story was produced in conjunction with Planet Money, a co-production of This American Life and NPR News. You can download a transcript here.