I think the IMF helped to detonate the Indonesian crisis.
More Quotes from Jeffrey Sachs:I'm focusing on a world divided between rich and poor, and a world that doesn't seem to be able to manage the natural base of our lives air, oceans, or biodiversity. It's a mistake to think that globalization is automatically beneficent and should run its due course-but also to think that it ought to be shut down.
We've waited 20 years, until we have 36 million infected in the world, before we've started to do something, ... It's shocking how we've let this go on. And costs of intervening today are vastly greater than they would have been in the past and they'll be greater if we continue to dither on this.
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.
The volatility of international capital is obviously destabilizing markets today.
The essence of Africa's crisis is fundamentally its extreme poverty.
Senior development specialists in the Treasury can be counted on one hand. America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments.
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