Top 10 Jeffrey Sachs Quotes

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Last Updated on May 30, 2021

Nov 07, 2020

We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well.

Nov 07, 2020

Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass.

Country
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Nov 07, 2020

The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view.

Nov 07, 2020

We were proposing, in a sense, that the rest of the world be made safe for American ideas, as they adopted intellectual property rights that gave patent protection to our very innovative economy.

Good
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Nov 07, 2020

The truth of good economic doctoring is to know the general principles, and to really know the specifics. To understand the context, and also, to understand that an economy may need some tender loving care, not just the so-called hard truths, if it's going to get by.

Globalization
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Nov 07, 2020

Globalization was a deep trend pushed by technology and right ideas, as much as anything else.

Early
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Nov 07, 2020

In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years.

Demanded
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Nov 07, 2020

If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days.

Doing
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Nov 07, 2020

In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better.

Dramatic
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Nov 07, 2020

The runs started in Thailand after the IMF intervened in such a dramatic way. Then the IMF came to Indonesia.

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