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The End of Poverty: Economic Possibilities for Our Time (ISBN 1-59420-045-9) is a 2005 book by American economist Jeffrey Sachs, with a foreword by U2 frontman and humanitarian Bono. It was a New York Times bestseller. 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...
Jeffrey Sachs Jeffrey David Sachs (born November 5, 1954 in Detroit, Michigan) is an American economist known for his work as an economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia, and Africa. ...
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The New York Times is a newspaper published in New York City by Arthur Ochs Sulzberger Jr. ...
The New York Times Best Seller List is a weekly chart in The New York Times newspaper that keeps track of the best-selling books of the week. ...
In the book, Sachs argues that extreme poverty - defined by the World Bank as incomes of less than US$1 per day - can be eliminated globally by the year 2025, through carefully planned development aid. He presents the problem as an inability of very poor counties to reach the "bottom rung" of the ladder of economic development; once the bottom rung is reached, a country can pull itself up into the global market economy, and the need for outside aid will be greatly diminished or eliminated. Extreme poverty is the most severe state of poverty, where people cannot meet basic needs for survival, such as food, water, clothing, shelter, sanitation, education and health care. ...
World Bank Group logo The World Bank Group is a group of five international organizations responsible for providing finance and advice to countries for the purposes of economic development and eliminating poverty. ...
ISO 4217 Code USD User(s) the United States, the British Virgin Islands, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 3. ...
It has been suggested that Official Development Assistance, Foreign aid, Tied aid, Aid effectiveness, Output-based aid be merged into this article or section. ...
Economic development is a sustainable increase in living standards that implies increased per capita income, better education and health as well as environmental protection. ...
It has been suggested that Free market be merged into this article or section. ...
Clinical economics
In order to address and remedy the specific economic stumbling blocks of various countries, Sachs espouses the use of what he terms "clinical economics" – a methodic analysis and "differential diagnosis" of a country's economic woes, followed by a specifically tailored prescription. Many factors can affect a country's ability to enter the world market, including government corruption, legal and social gender or ethnic disparities, diseases such as AIDS and malaria, lack of infrastructure (including transportation, communications, health, and trade), unstable political landscapes, protectionism, and geographic barriers. Sachs discusses each factor, and their potential remedies, in turn. In medicine, differential diagnosis (sometimes abbreviated DDx or ΔΔ) is the systematic method physicians use to identify the disease causing a patients symptoms. ...
This article is about the syndrome. ...
Malaria is a vector-borne infectious disease that is widespread in tropical and subtropical regions. ...
Protectionism is the economic policy of restraining trade between nations, through methods such as high tariffs on imported goods, restrictive quotas, a variety of restrictive government regulations designed to discourage imports, and anti-dumping laws in an attempt to protect domestic industries in a particular nation from foreign take-over...
In order to illustrate the use of clinical economics, Sachs presents case studies on Bolivia, Poland, and Russia, and discusses the solutions he presented to those countries, and their effects. The book also discusses the economies of Malawi, India, China, and Bangladesh as representative of various stages of economic development.
The Millennium Development Goals Sachs places a great deal of emphasis on the United Nations' Millennium Development Goals as a first step towards eliminating extreme poverty, which currently affects 1.1 billion people worldwide. Sachs headed the United Nations Millennium Project, which worked from 2002 to 2005 to establish the organizational means to achieve the MDGs. The United Nations (UN) is an international organization whose stated aims are to facilitate co-operation in international law, international security, economic development, social progress and human rights issues. ...
The Millennium Development Goals are eight goals that 191 United Nations member states have agreed to try to achieve by the year 2015. ...
The Millennium Project is an initiative that focuses on research implementing the organizational means, operational priorities, and financing structures necessary to achieve a certain set of goals. ...
He also offers some specific, immediate solutions, such as increasing the availability of anti-malarial bed nets in sub-Saharan Africa, and encourages debt cancellation for the world's poorest countries. Sachs states that in order to achieve the goal of eliminating global poverty, clinical economics must by backed by greater funding; he argues that development aid must be raised from $65 billion globally as of 2002 to between $135 and $195 billion a year by 2015.[1] A geographical map of Africa, showing the ecological break that defines the sub-Saharan area A political map showing national divisions in relation to the ecological break Sub-Saharan Africa or is the term used to describe those countries of the African continent that are not considered part of political...
Debt relief is the partial or total forgiveness of debt, or the slowing or stopping of debt growth, owed by individuals, corporations, or nations. ...
See also UN headquarters in New York City The 2005 World Summit, 14–16 September 2005, was a follow-up summit meeting to the United Nations 2000 Millennium Summit, which led to the Millennium Declaration of the Millennium Development Goals (MDGs). ...
The Global Fund to Fight AIDS, Tuberculosis & Malaria was established in 2002 to dramatically upscale global financing of interventions against the three pandemics. ...
Development economics is a branch of economics that deals with the study of macroeconomic causes of long term economic growth, and microeconomics; the incentive issues of individual households and firms, especially in developing countries. ...
References - ^ http://query.nytimes.com/gst/fullpage.html?res=980CEEDA1230F93AA35757C0A9609C8B63
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