Jeffrey Sachs
Jeffrey Sachs
Jeffrey David Sachsis an American economist and director of The Earth Institute at Columbia University, where he holds the title of University Professor, the highest rank Columbia bestows on its faculty. He is known as one of the world's leading experts on economic development and the fight against poverty...
NationalityAmerican
ProfessionTeacher
Date of Birth5 November 1954
CountryUnited States of America
years effort heartless
All of the incessant debate about development assistance, and whether the rich are doing enough to help the poor, actually concerns less than 1% of rich world income. The effort required of the rich is indeed so slight that to do less is to announce brazenly to a large part of the world: 'You count for nothing.' We should not be surprised, then, if in later years the rich reap the whirlwind of that heartless response.
powerful years differences
It's quite possible to arrive in the year 2030 where people are no longer dying of poverty. We could actually help lead a global end-not a reduction, but an end-to absolute poverty...I have always found that a committed, powerful group of leaders, can make a huge difference.
pain years russia
Russia has gone through eight years of continuing economic pain.
years goal magic
My colleagues and I took a stand in our work several years ago that we would not look for the magic bullet, because there is none. These are just basic problems requiring basic work. Nothing magic about it.
mean years debt
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
years long world
In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.
anybody concern feign heard last president time vice word
When is the last time anybody heard Vice President Dick Cheney even feign a word of concern for the world's poor?
acted built financial gave government huge natural oligarchy ownership resource russian sector valuable
The Russian government not only acted corruptly, not only built up a new oligarchy of billionaires out of nothing, basically, but also gave away its most valuable financial assets-its ownership of the huge natural resource sector in Russia.
lived russia
Russia increasingly lived on short-term borrowing. Now, this was an extraordinary merry-go-round.
aid countries deserve food form grow help increased require
Countries like Malawi need, require and deserve the increased help of the international community, not only in the form of food aid but in the form of help to grow more food.
buy countries generally open sell trade
When countries open up to trade, they generally benefit, because they can sell more, then they can buy more. And trade has two-way gain.
battle country critical hope intense internal needs political pull rather unity
I would hope that Malawi would pull together. Rather than having such an intense internal political battle there could be unity in the country politically so that these critical needs can be addressed effectively.
amount best broader companies counting fit framework initiative interested learning places poorest private process provides technology tremendous
Most companies that are interested in working in the poorest places don't know how to do it right now, ... don't know how we fit in the broader scheme. This provides a framework where all of this makes sense. The private initiative can get this process going. I am counting not only on financing, but technology and ideas. There's going to be a tremendous amount of learning about best approaches.
billion bush fight fund global iraq prepared rid spend unwilling year
While the Bush administration is prepared to spend $100 billion to rid Iraq of WMD, it has been unwilling to spend more than 0.2% of that sum... this year on the Global Fund to Fight AIDS, Tuberculosis and Malaria.