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Jeffrey Sachs


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Jeffrey Sachs

  1. 1. Jeffrey Sachs Economist Director of the Earth Institute, u/sitefiles/image/mediapage/s achs/JSmaster2_WEB.jpg Columbia University Special Advisor to UN Secretary General, Ban Ki-moon By Rosie Mazzarella Period 3 Econ
  2. 2. Poverty “Currently, more than eight million people around the world die each year because they are too poor to stay alive. Every morning the newspapers could report, "More than 20'000 people perished yesterday of extreme poverty." The stories would put the stark numbers in context; up to 8000 children dead of malaria, 5000 mothers and fathers dead of tuberculosis, 7500 young adults dead of AIDS, and thousands more dead of diarrhea, respiratory infection, and other killer diseases that prey on bodies weakened by chronic hunger. The poor die in hospital wards that lack drugs, in villages that lack anti-malarial bed nets, in houses that lack safe drinking water. They die namelessly, without public comment. Sadly, such stories rarely get written. Most people are unaware of the daily struggles for survival, and the vast number of impoverished people around the world who lose that struggle.” -Jeffrey Sachs, The End of Poverty
  3. 3. The End of Poverty  In 2005, Sachs published the book The End of Poverty  He has researched the reasons why 1/6 of the world still lives in extreme poverty  Extreme poverty is living on less than $1/day  Sachs says that problems which cause extreme poverty can be addressed with “know, proven, and reliable and appropriate technologies and interventions.”  But, these problems need to be addressed carefully, because they are all unique. 5/images/sachs.1.jpg  By alleviating extreme poverty, the global economy will be stimulated by growth in areas that were previously suffering.
  4. 4. How much aid is needed to alleviate extreme poverty?  The world needs to invest $32 billion to alleviate extreme poverty  We would only need to spend .7% of our GDP on development aid to address specific problems that the poorest of the poor have  We spend $15 billion on development aid today (6 cents per African suffering from extreme poverty), but $50 billion on our military  Instead of pledging money and creating a plan to fit that, we need to research how we can implement practical solutions to individual causes of poverty and pledge money based on those needs content/uploads/2009/06/mayange.jpg
  5. 5. Addressing basic needs  By boosting of the poor agriculture, improving basic health, investing  In some areas, like those in education, bringing with high rates of diseases power, and providing like malaria, a bed-net clean water and which costs $2 could sanitation in poverty- eliminate risk of infection stricken areas like Sub-Saharan Africa we would give those living in extreme poverty the tools to make them self-sufficient, not dependent on foreign aid, according to Sachs. om/2376/2487284180_b 9bfa52e9f_o.jpg
  6. 6. The Millennium Village Project To help reach the UN’s goal of eradicating extreme poverty by 2015, this project was created by the Earth Institute at Columbia University in 2006 content/uploads/2009/12/8d.Villagewomencollecttheirseeds.jpg 13 villages throughout In some villages, malaria infection has Africa have been decreased 50% and crop yields have pledged $50 per villager increased 85-350% per year The second stage of this project is scheduled to begin in 2011, but the first stage has been very successful and is becoming a model for sustainable development around the world
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  8. 8. Sachs’ 9 steps to alleviating extreme poverty 1. Commit to the Task 2. Adopt a Plan of Action 3. Raise the Voice of the Poor 4. Redeem the U.S. Voice in the World 5. Rescue the IMF and World Bank 6. Strengthen the U.N. 7. Harness Global Science 8. Promise Sustainable Development 9. Make a Personal Commitment http://www.21school. nts/Jeff-Sachs.jpg
  9. 9. Sources 1. Sachs, Jeffrey. “The End of Poverty.” TIME. 14 March, 2005. SIRS Researcher. SIRS Knowledge Source. 8 February, 2010. 2. “Prof Jeffrey Sachs, Director.” The Earth Institute. Columbia University. 8 February, 2010. 3. Sachs, Jeffrey. “International Economics: Unlocking the mysteries of globalization.” Foreign Policy. 1 April, 1998: 97. eLibrary. Web. 8 February, 2010. 4. Sachs, Jeffrey D. “A Practical Plan to Achieve the MDGs.” UN Chronicle. 1 June, 2005: 5. eLibrary. Web. 8 February, 2010. 5. Hackett, Ken; Rivera, John. "Sachs' strategy to end poverty is a 'must- read'". National Catholic Reporter. 25 Nov 2005: 18. eLibrary. Web. 9 Feb 2010. 6. “Overview.” Millennium villages. 2009. 1 March 2010. 7. “UN village project provides model for ending poverty.” The National. Abu Dhabi Media Company. 6 February 2010. 1 March 2010. N/702069956/1135/pollarchive