Showing posts with label World Bank. Show all posts
Showing posts with label World Bank. Show all posts

Saturday, 10 January 2009

Darwin's Nightmare


Winner of an Oscar for Best Documentary, DARWIN'S NIGHTMARE is a tale about people, the North/South divide, globalization, and about fish.

Some time in the 1960s, in the heart of Africa, a new animal was introduced into Lake Victoria as a little scientific experiment. The Nile Perch, a voracious predator, extinguished almost the entire stock of the native fish species. However, this new gigantic fish multiplied incredibly fast, and its white fillets are today exported all around the world. Huge hulking ex-Soviet cargo planes come daily to collect the latest catch in exchange for their southbound cargo: Kalashnikovs and ammunitions for the uncounted wars in the dark center of the African continent.


This booming multinational industry of fish and weapons has created an ungodly globalized alliance on the shores of the world’s biggest tropical lake: an army of local fishermen, World Bank agents, homeless children, African ministers, EU-commissioners, Tanzanian prostitutes and Russian pilots. DARWIN'S NIGHTMARE brings us in close for an intimate and at times uncomfortable look at this world, and in doing so this film deftly unpacks the puzzle of globalization in a visually stunning and raw portrait of life on this planet.




Thursday, 8 January 2009

LIFE AND DEBT (2001)


Life and Debt is a 2001 American documentary film directed by Stephanie Black. It examines the economic and social situation in Jamaica, and specifically the impact thereon of the International Monetary Fund and the World Bank's globalization policies. Its starting point is the award-winning non-fiction essay A Small Place by Jamaica Kincaid.


Kathleen C. Fennessy's review of the documentary states:


“Set to a beguiling reggae beat, Life and Debt takes as its subject Jamaica's economic decline in the 20th century. The story has reverberations in the plight of other third-world nations blindsided by globalization, like Ghana and Haiti. After England granted Jamaica independence in 1962, the World Bank and International Monetary Fund (IMF) stepped in with a series of loans.”


These loans were conditional on structural adjustment policies, which requiring Jamaica to enact economic reforms - trade liberalization, privatization, and deregulation. However, the reforms were unsuccessful and left the country with $4.6 billion dollars in debt. The film blames the IMF and the West for causing this situation.


The film features a number of interviews with former Jamaican Prime Minister Michael Manley in which he critiques the system of International Financial Institution loans. He is particularly critical of required structural adjustments as an attack on the sovereignty of many former colonial nations and suggests the system is akin to imperialism or neocolonialism. Similar claims have been made popular by former Chief Economist of the World Bank Joseph Stiglitz.


"We Live with Life and Debt, Freedom not yet" -- Jamaican reggae song




Official Site

IMDB