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What Is The Inter-American

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The movie opens up with the arrival of foreign vacationers to the island. This demonstrates a stark comparison to the understanding of the legacy of the country’s colonial history, and its present economic struggles. As the film progresses we get the first impression of the IMF when we see the former Prime Minister Michael Manley forced to sign Jamaica’s first loan agreement with the IMF in 1977 due to lack of viable alternatives which turns out to be a global pattern common throughout the Third World. This is an example of structural adjustment, which consist of loans provided by the IMF and the World Bank to countries that experienced economic crises. At the present, Jamaica owes over four billion dollars to the IMF, the World Bank, and the inter-American Development Bank, yet the meaningful development that these loans “promised” has yet to manifest. In actuality, the amount of foreign exchange that is met to meet interest payments and policies which have been imposed with the loans have had a negative impact on the lives of the vast majority. In fact, this is the textbook definition of debt trap in which a debt is difficult or impossible to pay typically because high …show more content…
In Jamaica, it seems, this is the response to global economies which is the international spread of capitalism, across national boundaries and with minimal restrictions by governments. Here we see workers who sew five/six days a week for American corporations to earn the legal minimum wage of thirty U.S dollars a week. This relates to Federici’s theory on the reproduction of labor. It is clear that capitalism has led to the exploitation of women. This indeed has provoked resistance. The women have spoken out and have attempted to organize to improve their working conditions and wages, yet they are

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