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Life and Debt is a american film of genre Documentary directed by Stéphanie Black released in USA on 28 february 2003

Life and Debt (2003)

Life and Debt
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Released in USA 28 february 2003
Length 1h26
Directed by
OriginUSA
Rating73% 3.6893953.6893953.6893953.6893953.689395

Life and Debt is a 2001 American documentary film directed by Stephanie Black. It examines the economic and social situation in Jamaica, and specifically the impact thereon of the International Monetary Fund and the World Bank's globalization policies. Its starting point is the essay A Small Place by Jamaica Kincaid.

These loans were conditional on structural adjustment policies, which required Jamaica to enact major economic reforms, including trade liberalization, privatization, and deregulation. However, the reforms were not successful; the film claims the reforms left Jamaica with $4.6 billion in debt. The film blames the World Bank and the IMF for causing this situation.

The film features a number of interviews with former Jamaican Prime Minister Michael Manley in which he critiques the system of International Financial Institution loans. He is particularly critical of required structural adjustments as an attack on the sovereignty of many former colonial nations and suggests the system is akin to imperialism or neocolonialism.

Synopsis

Ce documentaire porte un regard sur la situation économique en Jamaïque depuis l'accession du pays à l'indépendance, le 6 août 1962. Il s'intéresse particulièrement au rôle du Fonds monétaire international et de la Banque mondiale dans la globalisation de l'économie du pays. Ceux-ci ont en effet accordé plusieurs prêts au pays pour l'aider dans son développement, à la condition qu'il mène une politique de déréglementation, de privatisation et d'ouverture au commerce extérieur. Cette politique aurait d'après le film non pas conduit à une amélioration de la situation, mais au contraire à une augmentation progressive de la dette publique jamaïcaine, qui atteint de nos jours 7 milliards de dollars. L'agriculture du pays aurait été fortement affaiblie, de par la concurrence des denrées étrangères (majoritairement américaines), subventionnées et donc moins chères.

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