preview

Life And Debt Essay

Decent Essays
Open Document

The documentary “Life and Debt” portrays and shows us a true example of what the impact of economic globalization can have on a developing country (Louis Proyect). The irie Island of sun, white sandy beaches and beautiful people is a spot where numerous flock to for relaxation. People all over the world sees and describe Jamaica as a tropical, beach like atmosphere where they go to enjoy their selves, but no one discusses how difficult life is for its citizens. It gives wholeheartedly for stability, however its struggles are indeed deep. Jamaica, over the years after Independence, have seek to stand on its own, without success.
The government of Jamaica was in debt and they needed money, so they decided to go to the IFM and world bank for some of their loans. However, Jamaica entered these loans under an conditionality agreement withe the U.S government. This …show more content…

Life was certainly hard then, but, as one resident commented, "Cho, maho; tings worse now:' Despite the bright promises of political and economic "deliverance" made by the Jamaica La­bour Party (TLP) and its major backer, the Ronald Reagan and later George Herbert Walker Bush administrations of the United States government, the 1980s and early 1990s-under the leadership of a much more conservative PNP-brought only a deepened poverty to the folk who people the streets and alleys of slum and shantytown neighborhoods like Oceanview. Deepening poverty was reflected, for example, in a serious decline in the conditions of public health

Get Access