Walter Rostow’s Five Stages of Development

RESOURCE: Life and Debt-Video and Guided Worksheet

March 11, 2014 // 4 Comments

Life and Debt (2001) The video Life and Debt is a fantastic documentary that discusses the economic struggles that post-colonial countries such as Jamaica face. The majority of the video shows how structural adjustment programs hinder economic progress by imposing fewer restrictions in free trade zones, and more restrictions to the rest of the country. Power relation struggles between MDCs and LDCs are evident when the World Trade Organization and international lending agencies are shown wielding their power. A current source for the online video is HERE.   Suggested use: Background information: Before viewing Life and Debt, the following topics are discussed: free trade zones, special economic zones, export processing zones, International Monetary Fund, World Bank, World Trade Organization, Walter Rostow’s Five Stages of Development, Immanuel Wallerstein’s World Systems Theory, structural adjustment programs, international model of development, self-sufficiency [...]
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