Life and Debt

Title

Life and Debt

Authors

Stephanie Black

Files

Description

At what expense comes the global economic domination of industrial capitalist countries? The globalization process currently spreading through the world has many negative effects. In developing countries like Jamaica, many economic policies are adversely affecting the lives of the population. This process is fueled by multi-national economic organizations, such as the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank. These organizations give development assistance and loans to third-world countries in exchange for flexibility in trade policies with other countries, and in addition to their compliance with structural adjustment policies (SAPs).

Publication Date

9-20-2007

Keywords

debt, Word Trade Organization, International Monetary Fund, Word Bank, SAPs, structural adjustment, globalization, developing world, global economy

Disciplines

Growth and Development | International Economics

Life and Debt
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