“Longtime development is your problem” - Michael Manley – Former Prime Minister of Jamaica
In these videos it is explained how Jamaica, no matter how much it pleads no one is willing to offer them any help that could pull them out of the debt. The international bank refuses to provide them with loans and instead blames Jamaica's debt on them. Even though it is known and obvious that the imports Jamaica is dependent on as the professor states, and the insufficient exports they are able to make are hindering their ability to produce enough money, to pay back loans to get rid of the debt, instead of accumulating it. But nobody decides to help Jamaica, instead all of the loans the bank gives them only devalues their own currency. Generous loans could be given to Jamaica and a longterm plan as well, but it is apparently "[their] problem." The unwillingness of the national bank to help Jamaica only maintains all of the poverty in Jamaica. Witch hurts the young children and their education, it hurts teh farmers and the factory workers. Globalization keeps Jamaica impoverished. When violence is "using force to injure or abuse," keeping Jamaica in debt uses the economic force other countries have to continue to exploit the natives- supporting the statement poverty is violence.
No comments:
Post a Comment