Quicklets: Your Reading Sidekick!
Our Hyperink Quicklets are usually 5,000 words and include an overall summary, chapter commentary, key characters, literary themes, fun trivia, and recommended related readings.
ABOUT THE BOOK
“Ending poverty is the great opportunity of our time.”
"The End of Poverty" is economist Jeffrey Sachs’ exploration of the notion that extreme poverty - defined by the World Bank as living on $1.25 per day or less (2005) - can be eradicated from the globe by the year 2025. His dynamic outlook on the state of extreme poverty launched his book into New York Times Best Seller list.
The book is a product of Sachs’ extensive and decorated career as an economist and economic advisor. The informed rebuttal of various ‘counsels of despair’ is central to his novel proposal.
"The End of Poverty" has been praised widely for its economic and moral astuteness. However, its success is not without criticism. Some have claimed that Sachs is unrealistic in the amount of donor aid and honest usage of aid he calls for.
MEET THE AUTHOR
John Whalen is a recent college graduate from Boston and an aspiring novelist. He spends his time reading, writing, traveling, and studying Swahili, Spanish and French.
EXCERPT FROM THE BOOK
The first world has made a series of commitments to ending poverty, such as the Millennium Development Goals (MDG). However, donor follow-through remains far below agreed-upon goals, especially by the US. The amount of aid delivered is too little to break most third world countries out of the poverty trap. Enter Clinical Economics.
Sachs uses his experience as economic advisor to the governments of Bolivia, Poland and Russia to illustrate the shortcomings of the “structural adjustment” approach by the International Monetary Fund (IMF), the World Bank, and the international donor community. He argues that a comprehensive approach to aid should be put in place upon a differential diagnosis of the issues faced by individual economies, followed by individualized program implementation.
The programs would be under constant review. After all, “even a careful initial diagnosis can be wrong.” By aligning his approach with medical terminology, Sachs emphasizes the need for a methodical and transparent approach in tune with constantly evolving issues, and subject to constant review. He argues that economists have five primary lessons to learn from clinicians...
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CHAPTER OUTLINE
Quicklet On Jeffrey Sachs' The End of Poverty: The Economic Possibilities of Our Time
+ Within Reach
+ The Man With The Plan
+ Clinical Economics and the Poverty Trap
+ Names to Know
+ ...and much more
