McPhersonAnti - Chapter 06 | eBooks | Non-Fiction

McPhersonAnti - Chapter 06

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Buy and Download Description In the early summer of 2003, amid a global surge of anti-American sentiment, the residents of Jamaica felt that surge reach a particularly high crest. Far from the geopolitical spotlight — indeed, arguably not even inside the theater, let alone on stage — Jamaica's economy experienced a jarring episode. In a proverbial perfect economic storm, several trends of US trade and monetary policy coincided with a trough in fluctuations of the island's currency, which were then unexpectedly exacerbated and produced a whipsawing Jamaican dollar. In the space of three weeks, that currency went from trading at 40 cents to the US dollar to 70 cents, and back again. The fluctuation was as painful as it was beyond the control of any one force or factor. The crisis, although brief, nonetheless produced familiar frictions: lamentation of its impact on the island's most vulnerable, resentment at US indifference to that plight, and a measure of resignation to forces that, though ostensibly American in origin, were in most respects beyond American control.1 The dynamic is well-known in inter-American affairs, one consistent with a regional history of resistance to — and relative powerlessness to stop — the extensions and repercussions of US power abroad. In the early summer of 2003, amid a global surge of anti-American sentiment, the residents of Jamaica felt that surge reach a particularly high crest. Far from the geopolitical spotlight — indeed, arguably not even inside the theater, let alone on
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