The End of Poverty

The End of Poverty

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3.63 of 5 stars 3.63  ·  rating details  ·  5,240 ratings  ·  518 reviews
Jeffrey D. Sachs has been cited by The New York Times Magazine as “probably the most important economist in the world” and by Time as “the world’s best-known economist.” He has advised an extraordinary range of world leaders and international institutions on the full range of issues related to creating economic success and reducing the world’s poverty and misery. Now, at l...more
Paperback, 416 pages
Published February 28th 2006 by Penguin Books (first published January 1st 2005)
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Sean
You, being a smart person who is up on contemporary debates in economics and development and/or are a reader of Vanity Fair, probably already know all about Sachs and this book.

Sachs made his name giving “shock therapy” to various third world economies. He recommended they jack up interest rates, and pushed them towards neo-liberal free market structures. His career hit a bit of a bad patch when he was associated with the economic meltdown of the former Soviet Socialist Republic. This book is hi...more
Helga Mohammed el-Salami
What do Bono, and countless other celebrities have in common with the author? A: They’ve always wanted to be celebrities. What is different? A: The celebs actually think that the world can be rid of poverty and misery and vice.

Are you honestly going to tell me that one of the world’s most influential economists ACTUALLY believes that poverty can be banished or even meaningfully reduced? Not a chance. Not with Africa’s population growth rate. Sachs is selling panic again to promote himself and i...more
David Johnson
Generation X seems to have missed out on causes greater than ourselves. The Greatest Generation had World War II. The baby boomers had efforts to overcome racial discrimination and end the war in Vietnam. Gen X'ers have enjoyed economic prosperity and although there were events going on in the world where we should have stood up and rallied the nation around the need to do the right thing (ending genocide in Bosnia, Rwanda, and Darfur come to mind), we opted to continue the materialistic pursuit...more
Jim
A well written book. In my opinion it can not be read without also reading William Easterly's book "The Quest For Growth." The two scholors are at war with each other. Their debate is all the more interesting when you read the back and forth op-ed pieces they have written in the Washington Post.

I tend to agree with Easterly: Sachs means well, but he is very full of himself. His book is more a tribute to what he can do, and other economists can't than a good debate on the issues. Flying Bono aro...more
Paul T
Oh Jeff...can I call you Jeff? No? Ok. Dr. Sachs, you're ideas are way too lofty and boring, but you're really enthusiastic about them so everyone likes you. I only think you're OK. What happens when all of Bono's money goes into the pockets of corrupt dictators? Will he be able to afford more sunglasses so he can continue to have pictures of himself taken with brown kids in the bright African sun? I think he will. Meanwhile, entrepreneurs in those bright African places will continue stay stagna...more
Mark
Sachs is a world reknowned economist who goes into detail about his work in Guatemala, India, Poland, and Russia, which put him on the map. Many of these countries face hyperinflation, and he guided them to stabilize their money, and receive debt cancellation from other countries – a very controversial issue at the time. In the beginning he explains what the poverty trap is – how some countries cannot even get on the first rung of the economic ladder because of their lack of natural resources, p...more
H. Ryan
With convincing maps, graphs, and tables of real numbers, Jeffrey Sachs, although a bit of a know-it-all makes a compelling argument why many people today are suffering in a destitute-poverty trap, which need not be the case. Lots of interesting tidbits like the fallacy of saying corruption is the reason why African economies haven't taken off and why arguments concluding that cultural heritage has vast economic consequences don't hold weight. Here's a quote on that last: "Early in the twentieth...more
Lorraine
Another book written by a rich caucasian on how to solve "Third World" problems. Sachs floats a lot of "economic theories" and Bono throws in his bit as well. Understandably so, they've never walked a mile in a poor person's shoes. Some things are just as nature intended. We cannot all be wealthy CEOs, who'll do the ground work?. Intervention does more harm than good, most of the time. Some relief schemes are built on greed and filth. Just look at USaid!! Closer to home, look at the giant retail...more
Matt D
Aug 02, 2011 Matt D added it
Jeffry Sachs presents a remarkably hopeful case for the eradication of extreme poverty (defined as note having adequate nutrition, housing, or clothing day-to-day) in our lifetimes. It may be a story we are reluctant to hear because as long as we believe the problem is too big to handle, we can let ourselves off the hook. The resources needed are far less than most people might think, and they are well within reach of the developed world. All that is required is the willingness to choose to solv...more
Larry
Nov 30, 2008 Larry rated it 5 of 5 stars Recommends it for: all caring people
Jeffrey Sachs has more degrees and social achievements in his modest years than most people of that social responsibility crowd achieve in a lifetime. His driving passion is not to achieve an equal distribution of wealth but rather to raise the average wealth of all mankind by helping to bring the poorest of us out of poverty. In this offering he calculates the modest cost (an amount equal to one cup of Starbucks coffee from every American) and the practical application (helping people help them...more
M.J.
Originally read for a class on the International Aspects of Economic Development.

Sachs' begins his best-selling book by describing a trip he took to a village in sub-Saharan Africa. It's a good place to begin. Through it's 368 pages (not including a foreword written by Bono), Sachs weaves briskly around the world describing the existence of extreme poverty—subsistence on less than $1 a day—and provides his solutions to achieve an end of extreme poverty within the next decade.

It's an important to...more
Viktor Shchedrin
http://domestic-lynx.livejournal.com/...

Рассуждения Сакса вплотную подводят к необходимости новой версии колониализма. Колониализма на новом витке исторической спирали. Этот новый колониализм есть диалектическое отрицание того нео-колониализма, который есть сегодня, и в качестве отрицания отрицания – на горизонте возникает новый колониализм - отчасти повторяющий некоторые черты того, давнего, колониализма, а отчасти представляющий собою новый этап развития.
...Вообще-то с толком эксплуатировать...more
Jamie
Sachs focuses on the plight of the 1 billion people in extreme poverty, of which 20,000 perish each day. The book centers on the idea that we need to help the extreme poor to climb onto the ladder of economic development, which is currently out of their reach. Eight problems are noted that can cause a country to fail: Poverty trap (unable to accumulate capital per person), physical geography, fiscal trap (limited government resources), governance failures, cultural barriers (undermined rights of...more
Jason Yang
I loved this book. Having read "Guns, Germs and Steel" by Jared Diamond, it was really nice to see an alternative (economic) perspective on what makes the world the way it is today.



Sachs' basic argument is that the world system is broken and that foreign aid for building infrastructure in developing nations is a tenable solution for solving the problem of global poverty (and other things like disease, conflict, etc.). I feel like this view gets criticized unfairly by most people, but as a 'syste...more
Cambridge Programme for Sustainability Leadership
One of Cambridge Sustainability's Top 50 Books for Sustainability, as voted for by our alumni network of over 3,000 senior leaders from around the world. To find out more, click here.

The End of Poverty argues that extreme poverty, defined by the World Bank as having an income of less than $1 a day, is 'the poverty that kills'. However, it is almost entirely preventable and solvable (as has been shown in developed countries and many developing countries) through the provision of basic services in...more
Sven
Read this book! Jeffrey Sachs is a thoughtful, passionate, and effective communicator and advocate of straightforward, logical, and achievable steps to end extreme poverty in the next 15 years. He argues, and I agree, that the United States and the rest of the developed world should, and dare I say must commit to and deliver on financial, political, and social steps away from military domination toward economic justice for the poorest of the poor.

The book lays out an approach that will work, as...more
Julie
When I first read about this book and the 8 U.N. Millenium Development Goals it clarifies, I thought the whole idea (ending starvation and extreme poverty ) was too good to be true, preposterous, ridiculous. I read the book anyway and decided that if even a portion of the goals are achieved it is more than worth the efforts Sachs outlines. Occassionally the writing is somewhat repetitive and labored but on the other hand the concepts are easy to understand even for people like me, with no backg...more
Eva
Sachs' analysis and optimism of getting nations out of economic poverty traps is very inspiring and addicting to read. But, I wonder what the transition from the billions of dollars he is asking for in donation (of which, he spends over 100 pages arguing for near the end... getting somewhat redundant) to the economic ladder looks like. He seems to brush it off as an easy transition... which I'm sure it is not... as perhaps there are many possibilities for countries to fall back into former bad-p...more
Maria Khalid
This book takes on the ambitious and idealistic task of explaining the process of ending worldwide poverty. Sachs claims this goal can be accomplished by the year 2025, only twenty years from the year of the book’s publication.

Despite his accreditations, I think Sachs falls short of delivering a satisfying solution to worldwide poverty. What he does do well is to explain the causes of poverty and the economic processes that would help to lift the impoverished world into prosperity. However, end...more
Daniel Solera
”Almost three thousand people died needlessly and tragically at the World Trade Center on September 11; ten thousand Africans die needlessly and tragically every single day - and have died every single day since September 11- of AIDS, TB, and malaria … [these:] ten thousand daily deaths are preventable.” (Sachs, 215)

This is perhaps a very heavy-handed way to begin a review for a book, but it is an exacting summary of Jeffrey Sach’s The End of Poverty. Sachs was a prodigal economist, known for...more
Nicole Marble
Micro-loans; group lending; GRAMINE; disease control, meds -
Why should the poor of the world - those who exist on 50 cents a day (that's $130 per YEAR) be left in poverty. Isn't there something we can do?
Jobs for women and an increase in literacy dramatically reduce infant mortality - and reduce the number of children born thereby stabilizing population.
Overall, it is in everyones interest that people in poor countries are educated and work. Sachs points out that Reagan and Thatcher opined that...more
Josh
One-sixth of the world lives like we do...first world people. Two-thirds live in varying states of second world countries with varying states of health care and food supply, but for the most part they are at least getting by.

Then there is the bottom one-sixth of the population, the part that lives in extreme poverty and third world countries. They live in constant fear of developing horrible diseases...diseases that can kill them in a matter of days or weeks...diseases and conditions like mumps...more
Kendra
While I received a lot of negative feedback about this book before I read it, I learned a lot from it. Yes, the author is a bit arrogant and he does propose some very controversial ideas (corruption is not the problem in Africa, Americans should give MORE money) but he does so in very convincing way.

Educated at Harvard and boasting years of experience in international aid, Jeffrey Sachs probably has earned the right to be a bit arrogant. He also possesses an ability to lay out the problems of t...more
Athena
I expected to give this book one star, but I could get behind enough of Sachs' ideas to give it two. Sachs opposes IMF/WB austerity measures to promote development, and defends health care, education, and other services as public goods. He advocates taxing the rich and getting the world's wealthiest people to invest their money in the world's poorest people. He opposes Bush's excessive military spending because he thinks US and global security are more effectively guaranteed by cutting down glob...more
Marcella
Sach's is a global economist who helped create a capitalist economy in Poland after Communism fell. He tried to do the same for Russia. It seems, at least in his words, if a government turned their economy over to him he could make it into a productive economy. His book gives the road map to how the world will acheive the Millinum Global Development goals. He has realistic ideas on how the African nations can the downward spiral of disease and low GDP.
The only thing I didn't like to his appraoc...more
Terran
Nov 23, 2008 Terran rated it 4 of 5 stars Recommends it for: Those interested in economics or third-world development
This is a fascinating and compelling book. I really want it to be true, though I can't really bring myself to believe it all.

The core target of this book is development economics: how to lift nations out of grinding poverty and bring them up to a non-horrendous standard of living. His core thesis (once you get past the self-congratulatory couple of introductory chapters) is that nations will lift themselves out of poverty, if only we can get them into a position where they can really trade and p...more
Andrew
Where to start? This is an important and well-written book. Sachs is an important voice in fighting global poverty and he has his own vision. Like his buddy Bono, Sachs is an egomaniac par excellence. There are plenty of peers who disagree with his 'wonder work' in Bolivia and Poland.
This book was written before the global financial meltdown and Obama's incompetence as a global voice.
He dismisses several points. One is that many poverty-stricken countries are essentially countries of children. D...more
Amanda
The first half is an excellent watered-down practical economics lesson for the non-ECB majors around (me). Sachs' writing is very deliberate and rational, which is suitable for an academic as well as for the point he's trying to make- we need to give money and give it now.

I don't like charity (especially charity run by religious motivations and/or guilt) and it's rare that I think throwing money at a problem will fix it. But Sachs has me pretty convinced. He doesn't rely on 'goodness of the hea...more
Kristin
A new way to think of global economics, for sure. I need some time to process his concept of capitalism with a heart as the best vehicle for social justice. I can respect the way Sachs tries to find a middle ground between dog-eat-dog free-market systems and closed authoritarian systems. A little repetitive at the end and not super well-written.
Sharon Howe
As part of today's world, let's think about the 2 billion people who live in abject poverty, and what the rest of us - those living in "donor countries" can do to help. Sachs explains why the poorest nations have been unable to improve the lives of their citizens. It's not laziness. It's not corruption. In fact, Sachs makes some insightful comments about national corruption and the correlation to wealth and poverty. It may even change the way you think about corruption.

This is one of the few boo...more
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Is an American economist and Director of The Earth Institute at Columbia University. One of the youngest economics professors in the history of Harvard University, Sachs became known for his role as an adviser to Eastern European and developing country governments in the implementation of so-called economic shock therapy during the transition from communism to a market system or during periods of...more
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“The vast differences in power contributed to faulty social theories of these differences that are still with us today. When a society is economically dominant, it is easy for its members to assume that such dominance reflects a deeper superiority--whether religious, racial, genetic, cultural, or institutional--rather than an accident of timing or geography.” 4 people liked it
“Una combinación de inversiones en sintonía con las necesidades y condiciones locales pueden permitir que las economías africanas escapen de la trampa de la pobreza” 2 people liked it
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