Devaluations are never easy.
More Quotes from Jeffrey Sachs:
Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world.Jeffrey Sachs
We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.
Jeffrey Sachs
Business often does a good job supporting communities the arts, universities, and scientific enterprises... But that philosophy has rarely reached poor countries. Even businesses that are enlightened in their home bases see Africa, Latin America, and parts of Asia as places to exploit natural resources or use cheap labor.
Jeffrey Sachs
In my view, there is an urgent need to communicate with the public and help to explain where there is consensus, and where are there doubts about the issues of sustainable development.
Jeffrey Sachs
In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.
Jeffrey Sachs
If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.
Jeffrey Sachs
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Based on Keywords: devaluationsThat is the best Government, which best provides for war.
Algernon Sydney
For the record, I am not an admitted homosexual, nor am I a homosexual, though I do know the lyrics to every show tune ever written, which might perhaps account for the confusion.
John Podhoretz
An appeaser is one who feeds a crocodile, hoping it will eat him last.
Winston Churchill