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Another recommendation I have is Life and Debt : https://vimeo.com/149178039 https://vimeo.com/149178039 It explores the fallout of loan conditions given to th
by jdonaldson 9y ago
Another recommendation I have is Life and Debt : https://vimeo.com/149178039 https://vimeo.com/149178039
It explores the fallout of loan conditions given to the government of Jamaica. The main issue surrounded Jamaica's acceptance of a loan in the aftermath of an oil crisis. The loan conditions required the Jamaican government to not impose trade restrictions or tariffs on member countries of the World Bank. This meant America's subsidized grain and vegetables could be sold there at a fraction of the cost of production in Jamaica, and the whole process led to a collapse of Jamaica's agricultural industries.