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The End of Poverty - Book Report/Review Example

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The End of Poverty by Jeffrey Sachs is a book that deals with the economic conditions in developing countries and how the more developed countries can play a part in improving their economies. Sachs states that the developing countries do not have the opportunity to become developed…
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The End of Poverty
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The End of Poverty

Download file to see previous pages... In addition, the book addresses the poverty that afflicts developing countries which has led to their people living in extremely bad conditions while the developed countries continue to progress. The issue of lethal diseases such as AIDS is addressed, with Sachs stating that it is mainly because of this disease and related ones, that the level of productivity is very low in poor countries. The author presents his belief that all the poor countries in the world can be put on the right path towards development with the support of the more developed countries. He states that if the rich countries of the world were to contribute less than one percent of their gross domestic product to the elimination of poverty in the third world, then it would be possible to eliminate this condition within twenty-five years. Furthermore, Sachs recommends that the best way to eliminate global poverty be through the waiving of the debt that is owed to international monetary organizations by poor countries and instead, there should be an increase in the developmental aid to them.
The author of this book is a renowned economist who has had experience over the years as an advisor to numerous developing countries, especially in Eastern Europe as they were in transition from communism, as well as in other developing countries in the world, especially in Sub-Saharan Africa. He is a well-known proponent of the idea that the only way through which to enable the development of third world countries is through the direct involvement of the international community. He states that the best way to tackle developmental issues in these countries is through studying their cases individually, because each of them has unique problems of their own. Furthermore, it is a well-known fact that many of these countries have huge debt owed to the IMF and the World Bank, and Sachs believes that it is this debt, which is keeping these countries underdeveloped, because they spend more money in the payment of the debt than in matters of development. Sachs is a supporter of the United Nations Millennium Development Goals whose main purpose is to ensure the global elimination of poverty within the century. He states that for these goals to be achieved the causes of poverty have to be considered, studied and finally, everything should be done to ensure that these problems are eliminated. Among the recommendations presented in the book is the making available of mosquito nets in Sub Saharan countries to combat malaria, and the provision of drugs to combat HIV and AIDS. Furthermore, Sachs recommends that the debt of these countries should be cancelled in order to provide them with the opportunity to concentrate on the things that matter the most, such as the elimination of poverty and development. When one studies the work of Jeffrey Sachs, one concludes that he is of the orthodox school of economic solutions; he is a believer of the position that the best way to end poverty is to pump as much money towards the areas affected as possible. This school of thought often fails to realize the fact that money alone cannot solve economic problems and that in fact, some of these problems are caused by factors other than those that can be solved monetarily (Altman). Among the factors that are not considered by this school of thought is the role of political violence and conflict in developing countries, which are responsible for the impoverishment of the local populations. In addition, this school of thought has come under a lot of criticism concerning its stand, as it has been stated that its proposals are not ...Download file to see next pagesRead More
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