Monday, July 02, 2007

Economist Jeffrey "Dr. Shock" Sachs takes on sub-Saharan Africa

I have heard of some corruption scandal (not involving him) at some aid fund he helped to author, but this guy's comprehensive and long term cost-benefit savvy of the macro scene suggests he's onto something:

To Sachs, $200 billion is an absolute bargain. "It's much cheaper than giving food aid," he told me, as though he were stating the obvious. "It's much cheaper than having wars, and it's much cheaper than having mass migration." Here's the bottom line: it is less than 1 percent of the total income of the "rich world."

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