When countries open up to trade, they generally benefit, because they can sell more, then they can buy more. And trade has two-way gain.
More Quotes from Jeffrey Sachs:
we took on as a project helping a village in western Kenya. It was 5,000 hungry people beset with malaria and AIDS. And we said, 'let's apply the recommendations of the Millennium Project in this village with the support of a private donor, because government donors don't seem to do such practical things.' And we helped them get improved seeds and some fertilizer for the planting season. That's all. Very low cost. They produced four times more food this year than last year.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
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
Devaluations are never easy.
Jeffrey Sachs
The broader issue of the real role of the U.S., the foreign assistance aspect of that, who's going to pay for the security of a global economy
Jeffrey Sachs
The Russian government not only acted corruptly, not only built up a new oligarchy of billionaires out of nothing, basically, but also gave away its most valuable financial assets-its ownership of the huge natural resource sector in Russia.
Jeffrey Sachs
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