Tuesday, July 22, 2014

Economics and Justice

Jeffrey D. Sachs

Does free trade bring real progress or misery to countries that open themselves to unbridled globalization? Are economics and the search for equality enemies? What assistance strategies should rich countries pursue in the developing world? Answers to these and other questions at the heart of today’s economic and political order are to be found in Project Syndicate’s exclusive monthly commentaries by Jeffrey D. Sachs. Sachs has worked in the eye of many of the world’s economic hurricanes. One of the youngest economics professors in the history of Harvard University, he tamed inflation in Bolivia and was the key adviser to Poland as it launched its “shock therapy” break from communism. He advised President Yeltsin during the early stages of Russia’s reforms but resigned in protest against the ineptness and corruption of the Kremlin administration. Jeffrey D. Sachs's name remains synonymous with the idea of post communist transition. More recently, Jeffrey D. Sachs turned to global issues of development. He is a consistent scourge of the IMF and its prescriptions around the world. He has blasted international bankers for a pattern of feckless and reckless investment strategies, and championed the right of the world’s poorest people to a better deal. In his current role as Director of Columbia University’s Earth Institute, Sachs is the leading authority on international health and aid policy. Fascinated by the world’s complexity and seeming disorder, by cruelty that is often masked by sanctimony, and by economic successes of which many are only dimly aware, Jeffrey D. Sachs is singularly placed to monitor and make comprehensible the forces behind economic growth around the world.

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