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The End of Poverty: Economic Possibilities for Our Time Paperback – Illustrated, Feb. 28 2006
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Hailed by Timeas one of the world's hundred most influential people, Jeffrey D. Sachs is renowned for his work around the globe advising economies in crisis. Now a classic of its genre, The End of Poverty distills more than thirty years of experience to offer a uniquely informed vision of the steps that can transform impoverished countries into prosperous ones. Marrying vivid storytelling with rigorous analysis, Sachs lays out a clear conceptual map of the world economy. Explaining his own work in Bolivia, Russia, India, China, and Africa, he offers an integrated set of solutions to the interwoven economic, political, environmental, and social problems that challenge the world's poorest countries.
Ten years after its initial publication, The End of Poverty remains an indispensible and influential work. In this 10th anniversary edition, Sachs presents an extensive new foreword assessing the progress of the past decade, the work that remains to be done, and how each of us can help. He also looks ahead across the next fifteen years to 2030, the United Nations' target date for ending extreme poverty, offering new insights and recommendations.
- Print length464 pages
- LanguageEnglish
- PublisherPenguin Books
- Publication dateFeb. 28 2006
- Reading age18 years and up
- Dimensions13.92 x 2.49 x 21.34 cm
- ISBN-100143036580
- ISBN-13978-0143036586
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Review
"If there is any one work to put extreme poverty back onto the global agenda, this is it." ——Publishers Weekly, starred review
"Paul 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 philanthropist
"Sachs 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
About the Author
Excerpt. © Reprinted by permission. All rights reserved.
There was little sense a few centuries ago of vast divides in wealth and poverty around the world. China, India, Europe, and Japan all had similar income levels at the time of European discoveries of the sea routes to Asia, Africa, and the Americas. Marco Polo, of course, marveled at the sumptuous wonders of China, not at its poverty. Cortés and his conquistadores expressed astonishment at the riches of Tenochtitlán, the capital of the Aztecs. The early Portuguese explorers in Africa were impressed with the well-ordered towns in West Africa.
Until the mid-1700s, the world was remarkably poor by any of today’s standards. Life expectancy was extremely low; children died in vast numbers in the now rich countries as well as the poor countries. Disease and epidemics, not just the black death of Europe, but many waves of disease, from smallpox and measles to other epidemics, regularly washed through society and killed mass numbers of people. Episodes of hunger and extreme weather and climate fluctuations sent societies crashing. The rise and fall of the Roman Empire, for Arnold Toynbee, was much like the rise and decline of all other civilizations before and since. Economic history had long been one of ups and downs, growth followed by decline, rather than sustained economic progress.
The Novelty of Modern Economic Growth
If we are to understand why vast gaps between rich and poor exist today, we need therefore to understand a very recent period of human history during which these vast gaps opened. The past two centuries, since around 1800, constitute a unique era in economic history, a period that the great economic historian Simon Kuznets famously termed the period of Modern Economic Growth, or MEG for short. Before the era of MEG, indeed for thousands of years, there had been virtually no sustained economic growth in the world and only gradual increases in the human population…;
Product details
- Publisher : Penguin Books; Annotated edition (Feb. 28 2006)
- Language : English
- Paperback : 464 pages
- ISBN-10 : 0143036580
- ISBN-13 : 978-0143036586
- Item weight : 340 g
- Dimensions : 13.92 x 2.49 x 21.34 cm
- Best Sellers Rank: #261,986 in Books (See Top 100 in Books)
- Customer Reviews:
About the authors
Jeffrey D. Sachs is the Director of the Earth Institute at Columbia University and Special Advisor to United Nations Secretary-General Kofi Annan on the Millennium Development Goals. He is internationally renowned for his work as an economic adviser to governments around the world.
Jeffrey D. Sachs is a world-renowned economics professor, bestselling author, innovative educator, and global leader in sustainable development. He is widely recognized for bold and effective strategies to address complex challenges including debt crises, hyperinflations, the transition from central planning to market economies, the control of AIDS, malaria, and other diseases, the escape from extreme poverty, and the battle against human-induced climate change. He is Director of the UN Sustainable Development Solutions Network, a commissioner of the UN Broadband Commission for Development, and an SDG Advocate for UN Secretary General Antonio Guterres. From 2001-18, Sachs served as Special Advisor to the UN Secretary General, for Kofi Annan (2001-7), Ban Ki-moon (2008-16), and Antonio Guterres (2017-18).
Professor Sachs was the co-recipient of the 2015 Blue Planet Prize, the leading global prize for environmental leadership. He was twice named among Time magazine’s 100 most influential world leaders and has received 28 honorary degrees. The New York Times called Sachs “probably the most important economist in the world,” and Time magazine called Sachs “the world’s best-known economist.” A survey by The Economist ranked Sachs as among the three most influential living economists.
Professor Sachs serves as the Director of the Center for Sustainable Development at Columbia University. He is University Professor at Columbia University, the university’s highest academic rank. Sachs was Director of the Earth Institute from 2002 to 2016.
Sachs has authored and edited numerous books, including three New York Times bestsellers, The End of Poverty (2005), Common Wealth: Economics for a Crowded Planet (2008), and The Price of Civilization (2011). Other books include To Move the World: JFK’s Quest for Peace (2013), The Age of Sustainable Development (2015), Building the New American Economy: Smart, Fair & Sustainable (2017), and most recently A New Foreign Policy: Beyond American Exceptionalism (2018).
Prior to joining Columbia, Sachs spent over twenty years as a professor at Harvard University, most recently as the Galen L. Stone Professor of International Trade. A native of Detroit, Michigan, Sachs received his B.A., M.A., and Ph.D. degrees at Harvard.
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in the economically less developed countries. Sachs has been on the ground, looked, studied and talked to people
he writes about.He is not scared to wade into scary topics such as corruption and dictatorships. In addition he is
academically "respectable" and appears in many places such as the Scientific Anerican while running a kind of think tank at Columbia University.My only complaint is, that he could have used some editing, and thus made the book a
little shorter and easier to digest.
.
Top reviews from other countries

The book is well-written and contains much historical information of independent interest (aid efforts in Bolivia, Poland and Russia, for example, from Sachs' personal experience) and many useful statistics and overviews of issues related to poverty, such as cost-benefit prioritized lists for where aid money should go, as well as statistics for aid budgets of the industrialized nations and the like.
Sachs' main plan for ending world poverty is through increased development aid. He is thoroughly optimistic, perhaps overly so, compared to the more stoic viewpoints of some of his critics, for example William Easterly. Sachs does not touch very much on the topic of what types of aid works best, and how aid should be prioritized, and this is a weakness of the book.
I would recommend the book as a well-written survey of how aid can work well, and of ideas as to how to spend future development aid. However, my personal impression is also that much development aid is squandered on useless projects and siphoned away by bad governance or inefficient methodologies. As a counterpoint to Sachs' optimistic viewpoints, I would also recommend William Easterly or Dambisa Moyos books.

It also highlights the bad decisions and policies followed by the 'western leaders' and his hypothesis that even 'current backlash against the west' could have been dealt with far more effectively, if a concerted effort had been made to eradicate poverty.
A compelling, powerful and moving account, together with a blueprint for the future.
Future leaders, such as Imran Khan (Pakistan), would be well placed to read this book as Jeffrey Sachs needs to be on any team serious about changing the plight of it's people.
