The End of Poverty Economic Possibilities for Our Time

by
Format: Hardcover
Pub. Date: 2005-03-15
Publisher(s): Penguin Press HC, The
List Price: $29.90

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Summary

He has been cited by The New York Times Magazineas "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 last, he draws on his entire twenty-five-year body of experience to offer a thrilling and inspiring big-picture vision of the keys to economic success in the world today and the steps that are necessary to achieve prosperity for all. Marrying vivid eyewitness storytelling to his laserlike analysis, Jeffrey Sachs sets the stage by drawing a vivid conceptual map of the world economy and the different categories into which countries fall. Then, in a tour de force of elegance and compression, he explains why, over the past two hundred years, wealth has diverged across the planet in the manner that it has and why the poorest nations have been so markedly unable to escape the cruel vortex of poverty. The groundwork laid, he explains his methods for arriving, like a clinical internist, at a holistic diagnosis of a country's situation and the options it faces. Rather than deliver a worldview to readers from on high, Sachs leads them along the learning path he himself followed, telling the remarkable stories of his own work in Bolivia, Poland, Russia, India, China, and Africa as a way to bring readers to a broad-based understanding of the array of issues countries can face and the way the issues interrelate. He concludes by drawing on everything he has learned to offer an integrated set of solutions to the interwoven economic, political, environmental, and social problems that most frequently hold societies back. In the end, he leaves readers with an understanding, not of how daunting the world's problems are, but how solvable they are-and why making the effort is a matter both of moral obligation and strategic self-interest. A work of profound moral and intellectual vision that grows out of unprecedented real-world experience, The End of Povertyis a road map to a safer, more prosperous future for the world. From "probably the most important economist in the world" (The New York Times Magazine), legendary for his work around the globe on economies in crisis, a landmark exploration of the roots of economic prosperity and the path out of extreme poverty for the world's poorest citizens.

Author Biography

Jeffrey D. Sachs is the Director of The Earth Institute, Quetelet Professor of Sustainable Development, and Professor of Health Policy and Management at Columbia University. He is Special Adviser to U.N. Secretary General Kofi Annan. He is internationally renowned for his work as economic adviser to governments in Latin America, Eastern Europe, the former Soviet Union, Asia, and Africa. He received his B.A., summa cum laude, from Harvard College in 1976, and his Ph.D. from Harvard University in 1980.

Table of Contents

Acknowledgments ix
Foreword by Bono xv
Introduction 1(4)
One A GLOBAL FAMILY PORTRAIT 5(21)
Two THE SPREAD OF ECONOMIC PROSPERITY 26(25)
Three WHY SOME COUNTRIES FAIL TO THRIVE 51(23)
Four CLINICAL ECONOMICS 74(16)
Five BOLIVIA'S HIGH-ALTITUDE HYPERINFLATION 90(19)
Six POLAND'S RETURN TO EUROPE 109(22)
Seven REAPING THE WHIRLWIND: RUSSIA'S STRUGGLE FOR NORMALCY 131(17)
Eight CHINA: CATCHING UP AFTER HALF A MILLENNIUM 148(22)
Nine INDIA'S MARKET REFORMS: THE TRIUMPH OF HOPE OVER FEAR 170(18)
Ten THE VOICELESS DYING: AFRICA AND DISEASE 188(22)
Eleven THE MILLENNIUM, 9/11, AND THE UNITED NATIONS 210(16)
Twelve ON-THE-GROUND SOLUTIONS FOR ENDING POVERTY 226(18)
Thirteen MAKING THE INVESTMENTS NEEDED TO END POVERTY 244(22)
Fourteen A GLOBAL COMPACT TO END POVERTY 266(22)
Fifteen CAN THE RICH AFFORD TO HELP THE POOR? 288(21)
Sixteen MYTHS AND MAGIC BULLETS 309(20)
Seventeen WHY WE SHOULD DO IT 329(18)
Eighteen OUR GENERATIONS CHALLENGE 347(22)
Works Cited 369(3)
Further Reading 372(4)
Notes 376(9)
Index 385

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