GEOG 1001 Study Guide - International Monetary Fund, Financial Institution, Neoliberalism
Document Summary
Turned to neoliberal policies and the international monetary fund and world bank in late 70s. Limited options to enhance economic development: michael manley. Jamaica, loan agreement with imf 1977 a financial institution funded by developed nations to help developing. International monetary fund (imf) countries: reorganize, formalize, develop their economies. Structural adjustment programs (saps) is a global lending institution makes loans to countries need money to pay for development. In order to get loans governments had to : liberalize trade, privatize, cut social programs. Documentary presents a collection of sequences that highlight different effects of global neoliberal economic policies, especially the reduction of trade barriers, on current everyday realities of jamaican residents. Sequences 1 and 2: effects of free market policies on local agriculture and agriculture industry, dairies specifically: u. s. brought this to the wto 105,000 tons of bananas to england with no tax because it"s unfair . Sequence 3: the banana wars, the demise of jamaica"s banana export industry.
