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International trade- Review - Book Report/Review Example

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THE END OF POVERTY: ECONOMIC POSSIBILITIES FOR OUR TIME Insert Name University Affiliation A book review for the End of Poverty: Economic Possibilities for Our Time by Jeffrey D. Sachs The book is partly an autobiography that documents consulting done by Sachs in countries facing economic crises…
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International trade- Book Review
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International trade- Review

Download file to see previous pages... The economic experience that Sachs acquired on the ground in fighting poverty led to his occasional confrontations with the International Monetary Fund whose policies on poverty eradication he considered unsuitable for the problems they were intended to solve (Cabral, 2006). The main focus of the book however, is on the time Sachs spent in the sub-Saharan Africa where he encountered extreme poverty, disease and malnutrition on a scale that he had never seen previously and was appalled by the little concern shown by the international community in helping Africans get out of the state of poverty and destitution. In the last third of the book, Sachs makes a practical case of well funded and globally coordinated program that targets improvement in infrastructure, education and health in order to eliminate all cases of extreme poverty from the world by the year 2025. The program is a logical projection from the Millennium Development Goals, in which the United Nations intended to reduce extreme poverty by half come the year 2015. The proposal by Sachs is ambitious, bold and worthy. However, according to Cooper (2006), the book pays little attention to the obstacles that have been brought by civil disorder and which plague most of the poor countries in the world and especially in the African continent. The end of Poverty is a powerful, innovative and visionary book on ending extreme poverty in the world. The book is written in such a way that it approaches life with an egalitarian attitude that only focuses on the lowest rung in the development agenda. It is therefore misleading to consider the book as fostering the theme of social equality as claimed by Bono in the forward to the book. Of course, eradication of extreme poverty can be quite an accomplishment and relatively equalizing if considered against the basic right to life. However, with millions of people dying all over the world because of poverty, egalitarianism depicted as a global responsibility in the book only stops at the lowest rung of human development. Sachs (2005) insists in the book that markets are very important in driving development but only after the poor have been liberated from extreme poverty and empowered with basic knowledge and infrastructure. He then implies categorically that the intention is not to actually eliminate all poverty, equalize the income, or close the existing gap between the rich and the poor, but to end extreme poverty that has been preventing the poor to even fend for themselves or interact with the wider society. Sachs (2005) gives the book an approach of strong affiliation to benevolent neo-liberalism and promotes empowerment for all by advocating, with vengeance, for the need for development aid by the rich nations to the poor countries of sub-Saharan Africa. In order to place the subject matter of the book in appropriate context, the book traces the history of modern development as having begun with the European efforts towards civilizing their colonies. After civilization, the colonies set out to develop themselves basing their efforts on the European experience as the model. He then reviews the geopolitical segmentation that resulted in the western capitalists of the first world, the communist soviets of the second world and the previous poor European colonies whose inhabitants are non-Europeans forming the third world. He later traces the underdevelopment ...Download file to see next pagesRead More
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