Saturday, August 06, 2005


[S]uccess in ending the poverty trap will be much easier than it appears. For too long, too much economic thinking has been directed at the wrong question -- how to make the poor countries into textbook models of good governance or efficient market economies. Too little has been done to identify the specific, proven, low-cost interventions that can make a difference in living standards and economic growth. When we get practical, and speak of investments in specific areas -- roads, power, transport, soils, water and sanitation, disease control -- the task is suddenly a lot less daunting.

--Jeffrey Sachs, "The End of Poverty," pg. 289


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