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9781594201271: Common Wealth: Economics for a Crowded Planet

Synopsis

Presents the author's outline for achieving sustainable and equitable global prosperity that addresses key needs in the areas of environmental responsibility, energy, and biodiversity, in a cautionary account that predicts an unprecedented worldwide economic collapse under current political practices.

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About the Author

Jeffrey D. Sachs is director of the Earth Institute at Columbia University and special adviser to former UN Secretary-General Kofi Annan on the Millennium Development Goals. He is the author of The New York Times bestseller, The End of Poverty, and is internationally renowned for his work as an economic adviser to governments around the world.

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In this sobering but optimistic manifesto, development economist Sachs (The End of Poverty) argues that the crises facing humanity are daunting—but solutions to them are readily at hand. Sachs focuses on four challenges for the coming decades: heading off global warming and environmental destruction; stabilizing the world's population; ending extreme poverty; and breaking the political logjams that hinder global cooperation on these issues. The author analyses economic data, demographic trends and climate science to create a lucid, accessible and suitably grim exposition of looming problems, but his forte is elaborating concrete, pragmatic, low-cost remedies complete with benchmarks and budgets. Sachs's entire agenda would cost less than 3% of the world's annual income, and he notes that a mere two days' worth of Pentagon spending would fund a comprehensive antimalaria program for Africa, saving countless lives. Forthright government action is the key to avoiding catastrophe, the author contends, not the unilateral, militarized approach to international problems that he claims is pursued by the Bush administration. Combining trenchant analysis with a resounding call to arms, Sachs's book is an important contribution to the debate over the world's future. (Mar.)
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