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Life and Debt

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Life and Debt

Life and Debt is a 2001 American documentary film that examines the economic and social situation in Jamaica, and specifically how the International Monetary Fund and the World Bank's structural adjustment policies have impacted the island.

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Release : 2001
Rating : 7.4
Studio : Tuff Gong Pictures, 
Crew : Additional Camera,  Additional Camera, 
Cast :
Genre : Documentary

Cast List

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Reviews

Tuchergson
2018/08/30

Truly the worst movie I've ever seen in a theater

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Sexyloutak
2018/08/30

Absolutely the worst movie.

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Afouotos
2018/08/30

Although it has its amusing moments, in eneral the plot does not convince.

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Voxitype
2018/08/30

Good films always raise compelling questions, whether the format is fiction or documentary fact.

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benluttrell
2011/12/21

As the gushing reviews on this site attest - this documentary panders to the anti- globalisation, protectionist conspiracy theorists, using emotionally-charged but intellectually challenged arguments that fits their narrow, misinformed view of the world.While the story of Jamaica is very sad, the argument that Jamaica's devalued currency and removal of tariffs and subsidies is the cause of its failed economy are not only absurd, but threatening in times of low global economic growth (look up the events of 1929, and see how this short-sighted economic policy resulted in a contagious disaster).If Jamaica wants to turn back time to the agricultural-age, well that's fine, but you can't moan in the same breath about a lack of health, education and basic infrastructure.In short this documentary completely misses the point. The key to Jamaica's economic prosperity is turning around its woeful productivity, encouraging foreign direct investment (and with it the innovation and technology that will modernise its industry) and committing to economic reform to liberalise its markets and promote fiscal responsibility. Without properly addressing the first point, however, this task will always be an enormous challenge.Instead, this documentary employs brooding voice-overs, montages of mcdonalds and taco- bell, fat US tourists trying to dance, and the views of who are essentially peasants to support its uneducated idea of appropriate economic policy.

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griffjon
2003/02/07

As a development worker in Jamaica, I can say that there is a lot of painful accuracy in the movie. Yes, tourists do act that badly, almost unanimously if you only count the ones who spend their time here locked away in a guarded resort. And now over half of ever tax dollar goes to paying foreign debt...

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Howard Schumann
2003/02/03

This is the Jamaica the tourists see, says the narrator in Stephanie Black's documentary Life and Debt, a country of lush jungles, clear blue water, and sandy beaches. Beyond the luxury hotels, however, is a third world country fighting poverty, crime, and hopelessness. Based on the novel by Jamaica Kincaid A Small Place, Life and Debt, the film studies the effects of the policies of the International Monetary Fund (IMF) and the World Bank on the economy of Jamaica, focusing on the impact of economic globalization on the dairy farmers and factory workers. Backed by a soundtrack of native reggae music, Life and Debt is filled with economic facts that require some knowledge to fully understand. You don't need a master's degree in Economics, however, to understand the desperate faces of children in poverty, the agony of farmers who can't sell their crops, or the hopelessness of factory workers who earn the equivalent of thirty US dollars per week. Black interviews former Prime Minister Michael Manley who explains how the current situation came to be. When Jamaica achieved its independence in 1962 after being a colony of Great Britain for 400 years, help was needed to build its economy. The International Monetary Fund (IMF) and the World Bank gladly supplied this money in the form of short-term loans. These loans though came with strings attached. Subsidies to local farmers were prohibited and tariff barriers were lowered to allow cheap foreign goods to come into the country, inevitably driving local industries out of business. What's remains is tourism, sweatshops and fast-food chains. Manley blames the big Western powers that have used Jamaica for cheap labor and easy sales. For example, thanks to huge subsidies other countries including the United States exported powdered milk to Jamaica at an excessively low price, forcing the local dairy industry to shut down. He also points out that big American businesses like Chiquita, Dole, and Del Monte have worked to stifle exports of local Jamaican bananas. Manley asks of the IMF, "You ask, 'In who's interest? I ask, 'Who set it up?" Watching this documentary, it became clearer to me why thousands of people took to the streets in Seattle to protest the WTO Conference. It may not be widely known but the WTO has established ground rules that make it easier for the developed countries to market their products in third world countries. Under WTO rules,1. Governments are not allowed to pass laws that favor local firms and discriminate against foreign-owned corporations.2. Governments are not allowed to prevent foreign nationals from buying a controlling interest in local companies.3. Governments are not allowed to subsidize domestic companies.4. Governments are not allowed to pass laws that would provide favorable terms of trade to particular trading partners.Ralph Nader said it all when he described globalization as being the subordination of human rights, environmental rights, and consumer rights. The International Monetary Fund, the World Bank, and the Inter-American Development Bank now own almost every facet of the Jamaican economy and the only ones that are making money are franchises like McDonalds, Wendy's, and Burger King who contribute little more than unskilled low paying service jobs. If you are thinking about asking the IMF to change its policies, keep in mind that any change in IMF policy requires an 80% approval and the richest nations such as the United States, Western Europe, Japan make up more than 80% of the vote. Life and Debt, like the recent film Bowling for Columbine, is one-sided, in your face, and may appeal only to those already in agreement. However, its images are so vivid that, for the first time, you may experience the human impact of policies that can turn the world into "one big casino".

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latanyawjohnson
2002/03/30

I am actually waiting for this movie to become available on VHS. It would tie in perfectly with what I teach in my political economy class.The movie clearly explains how rich countries can dominate poorer ones. It also causes one to re-think capitalism, competition and the "invisible hand."

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