Life and Debt

Topics: Economic system, International Monetary Fund, Jamaica Pages: 2 (687 words) Published: January 9, 2013
November 20, 2012
PSC 150 World Politics
Dr. Prakash Adhikari
Life and Debt
1. Jamaica has the potential to be amazing. Jamaica could be to be one of the top tourist destinations in the world. Jamaica can thrive in its economy by producing and selling their products. Finally, Jamaica has the people; the people who want to make a difference can and will make a difference if they have the drive to do so. When watching the documentary, “Life and Debt”, I was astonished to see the diminished economy of what Jamaicans call their home. As beautiful as Jamaica may seem to the tourists portrayed in the film, they didn’t see the true native life from the island and those struggling just to feed their families. Certainty, the International Economy System has had its ups and downs in each country. However, as the documentary showed Jamaica is well versed in the effects that the Internationally Economy System can have on the economy and how it can turn it around very quickly.

While the Jamaican economy relies heavenly on services the country depends on revenues mostly from tourism and remittances. As they are dependent on other countries for services, they are affected by anything that may be going on in those same countries such as war, poverty, or a weak economy. Because Jamaica cannot stand on their own, in my opinion they have not benefitted from the International Economic System. As countries form economic relationships for the benefit of economic growth, Jamaica cannot financially afford to put a stake into other countries, let alone their own.

As the dominant countries such as the United States, Germany, Britain, and France took control of the global economy the system began to see a pattern in the less prominent countries trading with these more dominant ones in order to gain a greater share of capital throughout the IES. Jamaica being one of these used their services to create connections in the world that they might otherwise not have had. As the...

Cited: Allen, Paul. "Paulwell Orders Investigation into Petrojam 'fumes '" Jamaica Observer News. N.p., 4 July 2012. Web. 17 Nov. 2012. <>.
Harper, Jack. "Jamaica: Economy | Global Exchange." Jamaica: Economy | Global Exchange. N.p., May 2003. Web. 17 Nov. 2012. <>.
Making It. "Unfair Share." Unfair Share. N.p., Aug. 2011. Web. 17 Nov. 2012. <>.
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