Jeffrey Sachs Quotes on Countries (7 Quotes)


    I would hope that Malawi would pull together. Rather than having such an intense internal political battle there could be unity in the country politically so that these critical needs can be addressed effectively.

    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.

    As of the late 1980s and early 1990s, a kind of professional consensus arose in Washington. It was called a consensus for the world, but how many people really believed all of it is an open question. A consensus came, at least within Washington, about how countries should change from non-market economies to market economies.

    Countries like Malawi need, require and deserve the increased help of the international community, not only in the form of food aid but in the form of help to grow more food.

    We're fighting all the wrong wars in this country.


    If you have billions and billions of dollars coming due in a country in a short period of time, and if a sense of panic develops among your creditors, so that everybody demands the money out all at once, it's almost inevitable that the debtor economy will collapse, because it won't be able to come up with that amount of money in a short period.

    The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.


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