Mark's review
The End of Poverty: Economic Possibilities for Our Time
by Jeffrey Sachs
Mark's review
The End of Poverty: Economic Possibilities for Our Time by Jeffrey Sachs
Mark's review
rating:
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, propensity to disease, geographic location, and lack of social and economic infostructure. One of the most valuable parts of his book is when he dispels many of the misconceptions about why sub-Sahara African countries remain so poor while Asian countries are thriving. Now, on the committee to rid the world of malaria and Aids as part of the United Nations, Sachs, carefully and thoughtfully explains how the world could truly rid itself of poverty and hunger if the rich nations donated 0.7...more
