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Life and Debt
(The Impact of Globalization on Third World Countries)
In viewing the documentary style film Life and Debt, the viewer gets a glimpse of the devastating impact of globalization on a third world countries such as Jamaica. Former Prime Minister Michael Manley was forced to sign Jamaica’s first loan agreement in 1977 due to lack of viable alternatives- a global pattern common throughout the Third World. ... 5 billion to the IMF, the World Trade Bank and the Inter-American Development Bank among other international lending agencies. ... The Free trade zone segment in Life and Debt illustrates one of the proposed benefits of global poverty. ... ” In the film Life and Debt the viewer also witnesses how globalization creates unfair competition. Jamaica is not only competing with other Third World countries but it also forced to compete with power houses such as the United States and Europe. Life and Debt also includes a segment on the banana industry in Jamaica. ... brought to the WTO (World Trade Organization), the U. ... Third World countries such as Jamaica are not competing on a leveled playing field when it comes to the global market.
Approximate Word count = 881
Approximate Pages = 3.5
(250 words per page double spaced)
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