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Review: Sach's The End of Poverty
Review: Sach’s The End of Poverty
The End of Poverty: Economic Possibilities for Our Time Jeffery Sachs You, being a smart person who is up on contemporary debates in economics and development and/or are a reader of Vanity Fair, probably already know all about Jeffrey Sachs. Sachs made his name giving “shock therapy” to various third world economies. He recommended they jack up interest rates, and pushed them towards neo-liberal…
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III. Development Economics: Analysis, Policy & Politics
Assignment Monday, September 23, 2013
Read
Paul Collier, The Bottom Billion: Why the Poorest Countries Are Failing and What Can be Done About It?
Part I. What's the Issue?
Part 2. The Traps
Part 3. An Interlude: Globalization to the Rescue?
Watch
TED Talks, New Insights on Poverty, Hans Rosling
Write
Reflection Paper
Our notions about the problems of the poorest countries are saturated with such images: not just of noble rebels but of starving children, heartless businesses, crooked politicians. You are held prisoner by these images. While you are held prisoner, so are our politicians, because they do what you want. I am going to take you beyond images. Sometimes I am going to smash them. And my image smasher is statistical evidence.
Paul Collier, The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done About It
Current Classes
Hey everyone!
I am currently enrolled in Economic Demography and Economic Development, so I'll probably be posting things from those classes with a few things from other places sprinkled in. I'm currently studying for an Economic Development midterm, so I'll throw in some questions in between hardcore study sessions.
On a side note, a lot of my Econ Development topics will come from four books we are reading in class: End of Poverty (Sachs), Bottom Billion (Collier), White Man's Burden (Easterly), and the Mystery of Capital (de Soto)
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But do not think that just because your work is unconnected with development you are off the hook. You are a citizen, and citizenship carries responsibilities. In the 1930s the world sleepwalked into the avoidable catastrophe of World War II because electorates in the United States and Europe were too lazy to think beyond the populist recipes of isolationism and pacifism... It is the responsibility of all citizens to prevent us from sleepwalking into another avoidable catastrophe that our children would have to face.
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...within the societies of the bottom billion there is an intense struggle between brave people who are trying to achieve change and powerful groups who oppose them... The struggle for the future of the bottom billion is not a contest between an evil rich world and a noble poor world. It is within the societies of the bottom billion, and to date we have largely been bystanders... we do not need to be bystanders. Our support for change can be decisive. But we will need not just a more intelligent approach to aid but complementary actions using instruments that have not conventionally been a part of the development armory: trade policies, security strategies, changes in our laws, and new international charters.
Everyone loves a good infographic. via Huff Post.
The Bottom Billion
Have you heard of the bottom billion?
They are people who live on less than $1.25 per day. Less than $1.25 per day. It's worth repeating.
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