Life and Debt portrays a true example of the impact economic globalization can have on a developing country. When most Americans think about Jamaica, we think about the beautiful beaches, warm weather, and friendly people that make it a fabulous vacation spot. This movie shows the place in a different light, by showing a pressuring problem of debt. The everyday survival of many Jamaicans is based on the economic decisions of the United States and other powerful foreign countries.
The film opens with camera shots portraying Jamaica as the beautiful and carefree place that most Americans view it as. The vast majority are oblivious to the fact that the delicious food they indulge in on their voyage probably came off a ship from Miami. In the 1970s, the country’s former Prime Minister signed a loan agreement which ultimately led Jamaica to owe over four billion dollars in debt to the World Bank and IMF. This ultimately caused a sinking economy of low valued imports and to sweatshops destroying local businesses and agriculture.
In the video, we see workers who are working gruesome six-day-a-week work schedules to receive the legal minimum wage of only $30 in US money for the entire week. Many have protested against the poor compensation, and have been fired from their jobs; having been placed on blacklists which prevent them from ever getting work again. Many have turned to crime as a means of income. What Globalization Means Globalization is not a recent concept.
It means that the worldwide, virtually instantaneous interdependence about many aspects of economic and cultural life within a nation or state has expanded across borders either intentionally or unintentionally. Now this nation or a state’s independence to control events within its borders is challenged by international corporations, economic globalization, trade, transnational crime and the increase in global communications and developments in technology. Ways in Which Globalization Increases Crime
Streeten defined the components of globalization’s effects on the fundamental change in our lives as below: “…additionally to economic interdependence in terms of trade, finance, direct investment, there are technological, educational, cultural, ideological, and environmental, legal, military, strategic and political incentives that are rapidly spread throughout the world. Money and goods, images and people, sports and religions, guns and drugs, diseases and pollution can now be moved quickly across all over the world”.
Although people in many places seem prepared to die for the better option, we can say that there is no absolute model of the state. While we are talking about the state and globalization, we face the same dilemma while discussing the family characteristics in the West. In other words, the traditional Western family model and marriage has lived through many changes, and faced irreversible damages. We cannot state how the family will be in the future. The only thing we can do is keep up old and traditional values.
Similarly, states are seeing considerable elements of traditional statehood being eroded. Main Components The sum of the various elements of globalization has caused sovereign state less and less a locus of policy and control under some organizations such as the WTO, the EU, NAFTA. Those organizations have become more significant players in the world politics arena. Indeed, it will be increasingly difficult for our future civil servant to define what national and international dimensions of problems are. Main Actors
More than 190 countries now take place in the political arena with a larger number of powerful non-sovereign and at least partly (and often largely) independent actors that at least partly, varying from corporations to non-government organizations (NGOs), from terrorist groups to drug cartels, from regional and global institutions to banks and private equity funds. The sovereign state is affected by them causing better or worse as much as possible. The monopolistic power once enjoyed by sovereign entities is now being eroded.