The end of poverty: economic possibilities for our time

Abstract

Jeffrey Sachs, known for his “shock therapy” economic advice in the 1980s, now focuses on ending global extreme poverty, which he argues claims 20,000 lives daily. This comprehensive work, “The End of Poverty,” lays out Sachs’s plan to achieve this goal within 20 years, building upon his extensive experience in over 100 countries. He argues that basic infrastructure and human capital are essential for market-driven development and that developed nations must help less developed countries climb the ladder of progress. The book combines Sachs’s practical experience with sharp analysis and clear exposition, offering case studies and data-driven arguments. He outlines his solution to poverty in Chapters 12-14, emphasizing the affordability and necessity of collective action by wealthy countries and individuals to achieve a world without extreme poverty.