Document Type

Thesis

Degree

Master of Arts (MA)

Major/Program

International Relations

First Advisor's Name

Dr. Markus Thiel

First Advisor's Committee Title

Committee Chair/ Mentor

Second Advisor's Name

Dr. Chantalle Verna

Second Advisor's Committee Title

Committee Member/Mentor

Third Advisor's Name

Dr. Percy Hintzen

Third Advisor's Committee Title

Committee Member/Mentor

Keywords

Debt, IMF, WB, Haiti, Jamaica, IFI, IO, International Monetary Fund, World Bank

Date of Defense

5-26-2022

Abstract

The global financial system is based on, and influenced by specific institutions which are controlled by countries in the Global North. The International Monetary Fund (IMF) and World Bank (WB) are two of the institutions whose policies help to shape state behaviors, and reinforce the Global North’s dominance. Thus, the main hypothesis of this study is that institutional policies and programs of the IMF and WB aid and abet the continued underdevelopment of Caribbean island-states. This study examines the impact of IMF and WB policies on the United Nations Development Program (UNDP) measurements in Haiti and Jamaica, and how they possibly hamper the attainment of those countries United Nation’s Millennium Development Goals (MDGs). The institutional attitudes displayed towards Haiti and Jamaica by the IMF between 2000 - 2010, are analyzed to determine whether they are separate and unequal. Findings suggest that it countries’ debt, and not their political agency, which influences IMF and WB policies.

Identifier

FIDC010809

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