63 of 71 people found the following review helpful
An Economic Messiah,
This review is from: The End of Poverty: How We Can Make it Happen in Our Lifetime (Paperback)
Jeffrey Sach's book should be listed in the biographies and not in the economics section. Filled with generalisations and shortcuts and forwarded by an awestruck Bono, it fails to impress. Once one reaches the end of the book where the recipe to end poverty follows Dr. Sachs world travels, he/she will find the Gap Financing approach to development. The main idea is to indentify the national savings rate, the projected needed investment rate and fill the gap by aid. This pretty much has been the ineffectual method used since the end of WWII to address issues of underdevelopment. A quick survey of the literature (especially Easterly, 2001) can show its limitations. At least Dr. Sachs largely avoids presenting us too rudely with the usual neoliberal orthodoxy paraded by the World Bank and the IMF around the globe. Worth reading but probably not worth applying.