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Jeffrey Sachs - The End of Poverty: How We Can Make It Happen in Our Lifetime

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Jeffrey Sachs The End of Poverty: How We Can Make It Happen in Our Lifetime
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Jeffrey Sachs draws on his remarkable 25 years experience to offer a thrilling and inspiring vision of the keys to economic success in the world today. Marrying vivid storytelling with acute analysis, he sets the stage by drawing a conceptual map of the world economy and explains why, over the past 200 years, wealth and poverty have diverged and evolved across the planet, and why the poorest nations have been so markedly unable to escape the trap of poverty. Sachs tells the remarkable stories of his own work in Bolivia, Poland, Russia, India, China and Africa to bring readers with him to an understanding of the different problems countries face. In the end, readers will be left not with an understanding of how daunting the worlds problems are, but how solvable they are - and why making the effort is both our moral duty and in our own interests.

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Amazon.com Review

Celebrated economist Jeffrey Sachs has a plan to eliminate extreme poverty around the world by 2025. If you think that is too ambitious or wildly unrealistic, you need to read this book. His focus is on the one billion poorest individuals around the world who are caught in a poverty trap of disease, physical isolation, environmental stress, political instability, and lack of access to capital, technology, medicine, and education. The goal is to help these people reach the first rung on the ladder of economic development so they can rise above mere subsistence level and achieve some control over their economic futures and their lives. To do this, Sachs proposes nine specific steps, which he explains in great detail in The End of Poverty. Though his plan certainly requires the help of rich nations, the financial assistance Sachs calls for is surprisingly modest--more than is now provided, but within the bounds of what has been promised in the past. For the U.S., for instance, it would mean raising foreign aid from just 0.14 percent of GNP to 0.7 percent. Sachs does not view such help as a handout but rather an investment in global economic growth that will add to the security of all nations. In presenting his argument, he offers a comprehensive education on global economics, including why globalization should be embraced rather than fought, why international institutions such as the United Nations, International Monetary Fund, and World Bank need to play a strong role in this effort, and the reasons why extreme poverty exists in the midst of great wealth. He also shatters some persistent myths about poor people and shows how developing nations can do more to help themselves.

Despite some crushing statistics, The End of Poverty is a hopeful book. Based on a tremendous amount of data and his own experiences working as an economic advisor to the UN and several individual nations, Sachs makes a strong moral, economic, and political case for why countries and individuals should battle poverty with the same commitment and focus normally reserved for waging war. This important book not only makes the end of poverty seem realistic, but in the best interest of everyone on the planet, rich and poor alike. --Shawn Carkonen

From Publishers Weekly

Sachs came to fame advising shock therapy for moribund economies in the 1980s (with arguably positive results); more recently, as director of Columbia Universitys Earth Institute, he has made news with a plan to end global extreme poverty--which, he says, kills 20,000 people a day--within 20 years. While much of the plan has been known to economists and government leaders for a number of years (including Kofi Annan, to whom Sachs is special advisor), this is Sachss first systematic exposition of it for a general audience, and it is a landmark book.For on-the-ground research in reducing disease, poverty, armed conflict and environmental damage, Sachs has been to more than 100 countries, representing 90% of the worlds population. The book combines his practical experience with sharp professional analysis and clear exposition. Over 18 chapters, Sachs builds his case carefully, offering a variety of case studies, detailing small-scale projects that have worked and crunching large amounts of data. His basic argument is that [W]hen the preconditions of basic infrastructure (roads, power, and ports) and human capital (health and education) are in place, markets are powerful engines of development. In order to tread the path to peace and prosperity, Sachs believes it is encumbant upon successful market economies to bring the few areas of the world that still need help onto the ladder of development. Writing in a straightfoward but engaging first person, Sachs keeps his tone even whether discussing failed states or thriving ones. For the many who will buy this book but, perhaps, not make it all the way through, chapters 12 through 14 contain the blueprint for Sachss solution to poverty, with the final four making a rigorous case for why rich countries (and individuals) should collectively undertake it--and why it is affordable for them to do so. If there is any one work to put extreme poverty back onto the global agenda, this is it. *(Mar. 21) *
Copyright Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.

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Jeffrey D. Sachs
The End of Poverty

How We Can Make It Happen in Our Lifetime

The End of Poverty How We Can Make It Happen in Our Lifetime - image 2
PENGUIN BOOKS

Contents

PENGUIN BOOKS

THE END OF POVERTY

Jeffrey Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University as well as Special Advisor to United Nations Secretary General Kofi Annan. He is internationally renowned for his work as economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia and Africa.

FOR SONIA
Life partner, inspiration, teacher, best friend

Foreword

Two men asleep beside each other on a long journey into Africa, literally and thankfully above the thunderclouds. One is fairly clean shaven, papers strewn around him. Matte black suit, eyes slightly hollowed from no sleep, thoughts too big even for his big head. The other is a more bohemian mess. Unshaven, unkempt, he cant just have been up for days, his boyish face says years. An advertisement for why air miles can be bad for your health. When he wakes, an air hostess asks for his autograph. Confused and amused, he points to the geek in the black suit lying among the papers. Thats me. Let me introduce myself. My name is Bono and I am the rock star student. The man with me is Jeffrey D. Sachs, the great economist, and for a few years now my professor. In time, his autograph will be worth a lot more than mine.

Let me tell you how we started this journey. It goes back to before Jeff Sachs had become director of the Earth Institute at Columbia University. Before he moved to New York to become UN Secretary-General Kofi Annans special adviser. It goes back to when Jeff gave me the third degree from the Kennedy School of International Development at Harvard University in Cambridge, Massachusetts. My great friend Bobby Shriver had advised me to meet him in order to know what I was talking about before I went up to Capitol Hill to lobby on behalf of Jubilee 2000 for the cancellation of the LDCs (least developed countries) debt to the rich countries of the OECD (Organization for Economic Cooperation and Development) as part of the millennium celebrations. I would enter the world of acronyms with a man who can make alphabet soup out of them. Soup youd want to eat. Soup that would, if ingested properly, enable a lot more soup to be eaten by a lot more people.

Hunger, disease, the waste of lives that is extreme poverty are an affront to all of us. To Jeff its a difficult but solvable equation. An equation that crosses human with financial capital, the strategic goals of the rich world with a new kind of planning in the poor world.

Im a singer with an ear for a melody. Great ideas have a lot in common with a great melody. A certain clarity, inevitability, memorability. you cant get them out of your head, they nag at you. The ideas in this book are not exactly sing-a-long but they have a hook you wont forget: the end of poverty. Its a challenge thats hard to ignore.

Jeff is hard to ignore. At speaking events Ive had to walk on after this man (its like the Monkees going on after the Beatles). His voice is louder than any electric guitar, heavier than heavy metal. His passion is operatic, hes physically very present, animated. There is wildness to the rhetoric but a rigor to the logic. God may have given him a voice with an amplifier built in, but its the argument that carries the day.

Hes not just animated; hes angry. Because he knows that a lot of the crisis in the developing world can be avoided. Staring at people queuing up to die three to a bed, two on top and one underneath, in a hospital just outside of Lilongwe, Malawi, and knowing this doesnt have to be so is too much for most of us. I am crushed. He is creative. Hes an economist who can bring to life statistics that were, after all, lives in the first place. He can look up from the numbers and see faces through the spreadsheets, families like his own that stick together on treks to the far ends of the world. He helps us make sense of what senseless really means: fifteen thousand Africans dying each and every day of preventable, treatable diseasesAIDS, malaria, TBfor lack of drugs that we take for granted.

This statistic alone makes a fool of the idea many of us hold on to very tightly: the idea of equality. What is happening in Africa mocks our pieties, doubts our concern, and questions our commitment to that whole concept. Because if were honest, theres no way we could conclude that such mass death day after day would ever be allowed to happen anywhere else. Certainly not in North America, or Europe, or Japan. An entire continent bursting into flames? Deep down, if we really accept that their livesAfrican livesare equal to ours, we would all be doing more to put the fire out. Its an uncomfortable truth.

This book is about the alternativetaking the next step in the journey of equality. Equality is a very big idea, connected to freedom, but an idea that doesnt come for free. If were serious, we have to be prepared to pay the price. Some people will say we cant afford to do it . I disagree. I think we cant afford not to do it. In a world where distance no longer determines who your neighbor is, paying the price for equality is not just heart, its smart. The destinies of the haves are intrinsically linked to the fates of the have-nothing-at-alls. If we didnt know this already, it became too clear on September 11, 2001. The perpetrators of 9/11 might have been wealthy Saudis, but it was in the collapsed, poverty-stricken state of Afghanistan that they found succor and sanctuary. Africa is not the front line in the war against terror, but it soon could be.

The war against terror is bound up in the war against poverty. Who said that? Not me. Not some beatnik peace group. Secretary of State Colin Powell. And when a military man starts talking like that perhaps we should listen. In tense, nervous times isnt it cheaperand smarterto make friends out of potential enemies than to defend yourself against them?

We wish things were different. But wishful thinking is not just unhelpful here; its dangerous. The plan Jeff lays out is not only his idea of a critical path to accomplish the 2015 Millennium Development Goal of cutting poverty by halfa goal signed up to by all the worlds governments. Its a handbook on how we could finish out the job. On how we could be the first generation to outlaw the kind of extreme, stupid poverty that sees a child die of hunger in a world of plenty, or of a disease preventable by a twenty-cent inoculation. We are the first generation that can afford it. The first generation that can unknot the whole tangle of bad trade, bad debt, and bad luck. The first generation that can end a corrupt relationship between the powerful and the weaker parts of the world which has been so wrong for so long.

In Jeffs hands, the millstone of opportunity around our necks becomes an adventure, something doable and achievable. His argument is clear. We converge from our different starting points he from markets, I from placards. Luckily we agree you need both. However, for all of the books cogency, you wont find an answer to the most important question of all. It falls outside regressions, theorems, field work and lands fairly, squarely on our shoulders. We can be the generation that no longer accepts that an accident of latitude determines whether a child lives or diesbut

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