watch the video and answer the questions

watch the video and answer the questions

Watch the 26 minutes video on “Confessions of an Economic Hitman”.
Try this link and see if it works.
LinkLink (Links to an external site.)Links to an external site.

answer the following questions”
1. What are the 3 steps economic hit-men take to make a third world leader submit to the will of corporations? (The section on Iraq clearly indicates the three steps.)
2. What resources must a third world country forego if it cannot pay its debts to the IMF or the World Bank? (4 of these are mentioned in the videos).
3. What is the significance of such resources?
The grade for this assignment is 7 points. You can submit this assignment anytime after the first test, but no later than the deadline for the second test.

Solution Preview

1. What are the three steps economic hit-men take to make a third world leader submit to the will of corporations? (The section on Iraq indicates the three steps.)
• Economic debt
Identify a country well-endowed with resources cover.
Arrange for a loan for the country from the IMF or the World Bank which is channeled to the corporations which are controlled a small fraction of the country’s rich population.

(275 words)