Life & Debt Essay -- Economics Film Poverty Jamaica Essays

Life & Debt The documentary Life and Debt portrays a adjust example of the impact economic globalization can have on a developing country. When near Americans think around Jamaica, we think about the beautiful beaches, warm weather, and friendly people that make it a mythological vacation spot. This movie shows the place in a different light, by showing a pressuring problem of debt. The everyday survival of many Jamaicans is establish on the economic decisions of the United States and other powerful foreign countries. The hit opens with camera shots portraying Jamaica as the beautiful and carefree place that most Americans view it as. The vast majority are oblivious to the fact that the dainty food they indulge in on their voyage probably came impinge on a ship from Miami. In the 1970s, the countrys former florescence minister signed a loan agreement which in conclusion guide Jamaica to over four billion dollars in debt to the World Bank and IMF. This ultimately caused a si nking economy of low valued imports and sweatshops are destroying local businesses and agriculture. In the video, we see workers who are working gruesome six-day-a-week work schedules to bump the legal minimum wage of only $30 in US money for the entire week. Many women have protested against the poor compensation, and have been discharged from their jobs being placed on a blacklist preventing them from ever acquiring work again. The countrys ports are lined with the factories of high write companies, ...