The End of Poverty

Review of The End of Poverty: Economic Possibilities for Our Time by Jeffrey D. Sachs, in The Economist:

If Jeffrey Sachs, itinerant adviser to poor-country governments, scourge of the International Monetary Fund, head of Columbia University’s Earth Institute, United Nations’ expert of choice on third-world development, and much else besides, were ever to retire (an improbable scenario, admittedly) statistics would show a perceptible downward shift in global output. The man’s productivity is staggering…

The book is an unusual and in some ways slightly odd mixture of personal memoir, economics textbook and development manifesto. There are chapters of economic history and analysis. These serve as a lucid introduction to the theory and practice of development. Mr Sachs tells of how he learned his business as an adviser in Bolivia, Poland, Russia, India, China and Africa—a fascinating story in its own right. In its second half the book shifts to an extended argument for new approaches to confronting disease and extreme poverty in the developing countries, and especially for far more generous aid…

And, frankly, it is difficult to forgive his invitation to Bono to write the introduction to the book. Describing his experience of campaigning with Mr Sachs, the Irish rock singer recalls, “I would enter the world of acronyms with a man who can make alphabet soup out of them. Soup you’d want to eat. Soup that would, if ingested properly, enable a lot more soup to be eaten by a lot more people.” Sorry, even if it sells more copies of this otherwise outstanding book, publishing such drivel cannot be right.

More here.