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  1. Common wealth : economics for a crowded planet
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  3. Common Wealth: Economics for a Crowded Planet by Jeffrey D. Sachs

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Common wealth : economics for a crowded planet

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By Jeffrey D. The Penguin Press. APRIL 24, News World U. For Sachs, availability of money is key, and market forces - combined with government steering - will take care of the rest. Even peak oil, global warming and political corruption are, says Sachs, either readily surmountable or, given the technologies at our disposal, not too much of a problem.

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Sachs' oversimplification of complex issues can become rather exasperating - and it appears in chapter after chapter. The challenge to banishing poverty from India, for example, "is to transform a densely populated subcontinent of subsistence farmers into a modern and largely urban society.

Global Commons: Solutions for a Crowded Planet

Nor is it clear exactly how this new, prosperous, urban population will feed itself. Presumably, supplies of raw materials will appear out of thin air - thin indeed, given many of India's already overcrowded cities.

Likewise, the enduring and entrenched political tensions in the Middle East are resolved with a click of his fingers: settle the Israel-Palestine conflict and get all countries in the Middle East to renounce nuclear weapons. Then development can flourish. Easy indeed. Similarly on Africa, Sachs is able to remedy the maladies of an entire continent in just a few pages.

Common Wealth: Economics for a Crowded Planet by Jeffrey D. Sachs

Although he acknowledges the role of bad governance in preventing the benefits of foreign aid being fully realised, it is dismissed simply as "a small part of the problem. In fact, echoing the frequently-criticised claims in his book The End of Poverty , Sachs argues that if G8 countries honour their commitments to aid, Africa will not need any external aid whatsoever by If that doesn't make you choke on your Green Revolution rice, here is how: money will fix water shortages, money will fix disease and malnutrition, money will mean that climate and climate change do not matter, money will - presumably - find new ways of regenerating degraded soils and combating, negating or reversing desertification.

And - if you're still reading - this money will also be sufficient to construct the necessary infrastructure to kick-start an entire continent. Africa will become fully-operational and productive, providing adequate living standards for a projected population of around 1. Just keep sending the money.