The case of Jamaica

          Regardless of its natural resources, Jamaica has experienced high rates of poverty and oppression over the years. Byrne looks at Jamaica as an example of how Third World nations are oppressed and controlled by large and more powerful nations.

            In the 1960’s, Jamaica was the largest exporter of bauxite to Canada and the United States. Sugar and tourism were also a great source of income for Jamaica. Nevertheless, Jamaica did not benefit from these resources. Byrne states that the biggest resource that Jamaica exported was “cheap labor” (225), and thus, all the work of the Jamaican people did not benefit Jamaica itself, leaving the country underdeveloped and in poverty.

            Jamaica’s dependency on large economic entities, like the IMF, did not help its economy to outburst. Over 60 percent of goods used in the country were imported, and with Jamaica’s slow economy, it was impossible to cover the expenses of such importations; hence the IMF call to “aid” Jamaica. The loans provided by the IMF did not actually aid Jamaica. Instead, it submitted Jamaica to a $231.3 million deficit.

            Looking back at all the countries that have faced IMF debt, such as Jamaica, Bolivia or Peru, it is frustrating to see countries with extensive wealth of resources to be considered Third World countries. After reading about the harm that capitalism has caused over the years, I cannot help but wonder… Is it time for a revolution? I believe it is. It is overdue for these countries to regain their wealth and their own resources!

M.A.