Life + Debt (2001)

Life + Debt (2001)
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In 1962, Jamaica won its independence from the United Kingdom, and the island nation, which had long struggled with poverty, attempted to use its agricultural resources in order to create a sound economic base. As Jamaica's financial problems grew more severe with time, prime minister Michael Manley struck a deal in 1977 with a consortium of economic institutions through the International Monetary Fund, who would loan money to the nation in exchange for removal of trade restrictions and subsidized exports. Twenty-five years later, most Jamaicans would agree that the deal drove a stake through the island's agricultural and industrial economy; imports from America have ruined the island's dairy industry, interference from growers and merchants in the United States and Latin America have effectively ended the growing of onions, bananas, carrots, and potatoes as cash crops, the value of the Jamaican dollar has plummeted, and the island is now seven billion dollars in debt to the IMF, with interest driving that figure higher each day. Filmmaker Stephanie Black examines the sad state of Jamaica's economy in the face of "free trade" in the global economy in the documentary Life + Debt, which includes interviews with Michael Manley and IMF director Stanley Fischer; the Jamaica Kincaid novel A Small Place provides some of the text for the film's narration. ~ Mark Deming, Rovi

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Starring:
Jamaica Kincaid
Director(s):
Stephanie Black
Format(s):
DVD
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Synopsis of Life + Debt

In 1962, Jamaica won its independence from the United Kingdom, and the island nation, which had long struggled with poverty, attempted to use its agricultural resources in order to create a sound economic base. As Jamaica's financial problems grew more severe with time, prime minister Michael Manley struck a deal in 1977 with a consortium of economic institutions through the International Monetary Fund, who would loan money to the nation in exchange for removal of trade restrictions and subsidized exports. Twenty-five years later, most Jamaicans would agree that the deal drove a stake through the island's agricultural and industrial economy; imports from America have ruined the island's dairy industry, interference from growers and merchants in the United States and Latin America have effectively ended the growing of onions, bananas, carrots, and potatoes as cash crops, the value of the Jamaican dollar has plummeted, and the island is now seven billion dollars in debt to the IMF, with interest driving that figure higher each day. Filmmaker Stephanie Black examines the sad state of Jamaica's economy in the face of "free trade" in the global economy in the documentary Life + Debt, which includes interviews with Michael Manley and IMF director Stanley Fischer; the Jamaica Kincaid novel A Small Place provides some of the text for the film's narration. ~ Mark Deming, Rovi

Theatrical Feature Running Time:
86 mins

Complete Cast of Life + Debt


Director(s):
Stephanie Black
Writer(s):
Jamaica KincaidKimberly McCord
Producer(s):
Stephanie Black
Categories:
DocumentarySpecial Interest
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Michelle J.

I think it's a bit ironic that Michael Manley, who is responsible for so many of Jamaica's problems, is the expert giving running commentary throughout this film. Despite this, however, it is the interviews of everyday people that go a long way to revealing how globalization and bodies like the IMF and World Bank have caused problems for small economies. There may be two sides to the issue, but sometimes a documentary can be very good simply because it articulates one side's argument very well. It inspired me to research the issues more than I had before, and that's a useful thing.

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ANGELA W.

IT WASNT WHAT I EXPECTED BUT OVERALL IT WAS A GREAT DOCUMENTARY

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Peter P.

This was one of the best contemporary documentaries I've seen in years. Outstanding editing, a great soundtrack, and truthful insight into a subject that should be required viewing for every American.

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