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The End of Poverty


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Jeffrey D. Sachs is the Director of the Earth Institute at Columbia University, as well as Quetelet Professor of Sustainable Development and Health Policy and Management. He is Special Advisor to United Nations Secretary-General Ban Ki-moon on the Millennium Development Goals. He has twice been named among Time Magazine's 100 most influential world leaders. He was called by the New York Times, probably the most important economist in the world, and by Time Magazine the world's best known economist. A recent survey by The Economist ranked Sachs as among the world's three most influential living economists of the past decade. His other books include Common Wealth, The Price of Civilization, To Move the World, and The Age of Sustainable Development.


Economist and UN Special Advisor Sachs convincingly proposes a means to ending extreme poverty (defined here as a per capita income of less than $1 per day-a standard one-fifth of the world's population meets) by 2025. He presents a carefully constructed plan for improving local infrastructure, education, healthcare, technology, and other such needs in poor countries, all for a mere annual cost of .7 percent of the world's wealthiest nations' incomes. In this way, he argues, long-term sustainable economic development can be fostered. Sachs is no bleeding-heart liberal-he sees Third World sweatshops as opportunities to improve on even more egregious conditions and prescribes for poor nations a program of free-enterprise capitalism once the basic groundwork of his proposal has been laid. What's more, he claims that extreme poverty is already being eliminated through investment, trade, and free enterprise in countries such as China, India, and Bangladesh. It is in the self-interest of wealthy nations, Sachs insists, to end extreme poverty, as such action would expand the world economy while eliminating the breeding grounds for disease, civil unrest, and terrorism. This informative and impassioned work is highly recommended for all libraries.-Lawrence R. Maxted, Gannon Univ., Erie, PA Copyright 2005 Reed Business Information.

Sachs came to fame advising "shock therapy" for moribund economies in the 1980s (with arguably positive results); more recently, as director of Columbia University's Earth Institute, he has made news with a plan to end global "extreme poverty"Awhich, he says, kills 20,000 people a dayAwithin 20 years. While much of the plan has been known to economists and government leaders for a number of years (including Kofi Annan, to whom Sachs is special advisor), this is Sachs's first systematic exposition of it for a general audience, and it is a landmark book. For on-the-ground research in reducing disease, poverty, armed conflict and environmental damage, Sachs has been to more than 100 countries, representing 90% of the world's population. The book combines his practical experience with sharp professional analysis and clear exposition. Over 18 chapters, Sachs builds his case carefully, offering a variety of case studies, detailing small-scale projects that have worked and crunching large amounts of data. His basic argument is that "[W]hen the preconditions of basic infrastructure (roads, power, and ports) and human capital (health and education) are in place, markets are powerful engines of development." In order to tread "the path to peace and prosperity," Sachs believes it is encumbant upon successful market economies to bring the few areas of the world that still need help onto "the ladder of development." Writing in a straightfoward but engaging first person, Sachs keeps his tone even whether discussing failed states or thriving ones. For the many who will buy this book but, perhaps, not make it all the way through, chapters 12 through 14 contain the blueprint for Sachs's solution to poverty, with the final four making a rigorous case for why rich countries (and individuals) should collectively undertake itAand why it is affordable for them to do so. If there is any one work to put extreme poverty back onto the global agenda, this is it. (Mar. 21) Copyright 2005 Reed Business Information.

Jeffrey Sachs is that rare phenomenon: an academic economist famous for his theories about why some countries are poor and others rich, and also famous for his successful practical work in helping poor countries become richer. In this long-awaited, fascinating, clearly and movingly written book, he distills his experience to propose answers to the hard choices now facing the world. --Jared Diamond, Pulitzer Prize-winning author of Guns, Germs, and Steel

Book and man are brilliant, passionate, optimistic and impatient... Outstanding. --The Economist
If there is any one work to put extreme poverty back onto the global agenda, this is it. --Publishers Week
ly, starred reviewPaul Wolfowitz should read Jeffrey Sachs's compelling new book. --Fareed Zakaria, Newsweek"Professor Sachs has provided a compelling blueprint for eliminating extreme poverty from the world by 2025. Sachs's analysis and proposals are suffused with all the practical experience of his twenty years in the field--working in dozens of countries across the globe to foster economic development and well-being." --George Soros, financier and philanthropistSachs proposes a many-pronged, needs-based attack...that is eminently practical and minimally pipe-dreamy...A solid, reasonable argument in which the dismal science offers a brightening prospect for the world's poor. --Kirkus This is an excellent, understandable book on a critical topic and should be required reading for students and participants in public policy as well as those who doubt the problem of world poverty can be solved. --Mary Whaley, Booklist

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