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Life & Debt A countries journey of Free Trade

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Presentation on theme: "Life & Debt A countries journey of Free Trade"— Presentation transcript:

1 Life & Debt A countries journey of Free Trade
Jamaica Life & Debt A countries journey of Free Trade

2 A story of a country greatly affected by Globalization and
policies of the World Bank , IMF & WTO.

3 Jamaica Imported African slaves for sugar production
Former Spanish & British Colony Imported African slaves for sugar production 1958 achieves independence

4 Economic Crisis 1960’s experience high GDP growth
1970’s began to suffer reduced growth rate Fell deeply into debt 1995 & 1996 Suffered from hyper inflation (25%) IMF invited in to help country

5

6 Economic Policies cause riots
Gov’t used tight monetary & contractionary fiscal policy During the economy suffered a severe recession Free Trade Center led to riots in country

7 Jamaica Video

8

9 + GLOBALIZATION --

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