Das sind die Blinks zu
The End of Poverty
Economic Possibilities for Our Time
The End of Poverty (2005) is a guide to ending extreme poverty once and for all. These blinks explain how little investment is actually required to transform the lives of millions. That is, as long as it’s spent wisely.
- Anybody who wants to end global poverty
- Everyone with an interest in politics or international relations
- Every charitable person
At the age of 28, Jeffrey Sachs was given a professorship in economics at Harvard University. Now he runs the Earth Institute at Columbia University and serves as special advisor on the Millennium Development Goals to the UN general secretary.
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The End of Poverty
Economic Possibilities for Our Time
- Lesedauer: 15 Minuten
- Verfügbar in Text & Audio
- 9 Kernaussagen
Worum geht's
The End of Poverty (2005) is a guide to ending extreme poverty once and for all. These blinks explain how little investment is actually required to transform the lives of millions. That is, as long as it’s spent wisely.
Kernaussage 1 von 9
The Industrial Revolution produced vast wealth for some, but billions still live in extreme poverty.
Equality varies tremendously from one country to another. In fact, while the people in wealthy countries have enormous resources at their disposal and consume much more than they need, those in the poorest nations struggle every day just to fill their stomachs with the food necessary for survival.
The result is that every day 18,000 children die of malnutrition. That’s one child every five seconds!
But these huge disparities in wealth haven’t always existed. In fact, they are a product of the last 200 years. For instance, 200 years ago, most people, regardless of where they lived, were pretty poor. As a result, the differences in poverty level between Europe and Africa were relatively small.
However, as some countries rapidly developed during the Industrial Revolution, they left others behind. For example, the steam engine enabled the mass production of goods while steam trains and ships boosted trade. Furthermore, the advent of electricity and telecommunication made further progress possible, resulting in the constant growth of the global economy.
But certain states benefited from this progress more than others: namely the Western nations.
As a result, countries outside the West remain poor to this day. For instance, today about one billion people are in extreme poverty, living on less than $1 a day. Another 1.5 billion are in moderate poverty, meaning they live on $1–2 a day. That’s enough for basic survival, but not enough for luxuries like a flush toilet or clean running water. Then there are the 2.5 billion people in the middle class. That means they can afford shelter, a television and maybe even a motorbike.
So why do some countries remain poor to this day?
Inhalt
- The Industrial Revolution produced vast wealth for some, but billions still live in extreme poverty.
- Many of the poorest countries are trapped in poverty with no way out.
- Economic growth means capital accumulation, a near impossibility for poorer countries.
- The complex problems of economically disadvantaged nations demand individualized solutions.
- China’s rags-to-riches story is one of governmental change and natural advantages.
- India paved its way out of poverty by opening its markets and investing in education.
- African poverty could be eliminated with a modest amount of developmental aid.
- Ending global poverty needs to be a priority of wealthy countries.
- Final Summary
