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
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.
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.
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.
came campaign corrupt corruption government helped increased money pay practices returned
A lot of the old apparatchiks came back in, and corruption really dramatically increased in '94/'95, particularly around Yeltsin's re-election in 1996, when the government used corrupt practices to give money to business, part of which was returned to the campaign coffers, and helped pay for Yeltsin's re-election.
aspect assistance broader foreign global issue pay role security
The broader issue of the real role of the U.S., the foreign assistance aspect of that, who's going to pay for the security of a global economy?
believed change consensus countries early economies late market open people within
As of the late 1980s and early 1990s, a kind of professional consensus arose in Washington. It was called a consensus for the world, but how many people really believed all of it is an open question. A consensus came, at least within Washington, about how countries should change from non-market economies to market economies.
asia central face obstacles work
Development can really work everywhere. But most of sub-Saharan Africa, the Andean region, and Central Asia face obstacles.
debt doubt needs percent possible soon speed
There is no doubt that Malawi needs 100 percent debt cancellation as soon as possible, and I will do everything possible to speed that up.
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.
above afford continued countries declined donor fall far per poor prices though
In 2001, the prices of medications have continued to fall rapidly, ... Even though antiretroviral drug prices have declined to around $500 per year, this is still far above what poor countries can afford without donor assistance.
basis build change complex difficult healthy miraculous opportunity passages people remarkably russian soviet themselves union
In 1991, a miraculous thing happened, and that's the Soviet Union ended. So there was an opportunity to build a very healthy and new world, on the basis of the change that the Russian people themselves wanted. But for Russia to make that change was going to be one of the most remarkably difficult and complex passages imaginable.
issues world sides
The world got side-tracked from development issues during the post-9/11 crisis period.
country differences income
It's not an accident that the U.S. ranks lowest of all major donor countries in the world - that is the share of our income that goes to development aid. Americans will ask whether, because were so generous privately, that makes up the difference. But it doesn't. We still rank far below other countries.