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Jeffrey Sachs Quotes


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Quotes by Jeffrey Sachs

Showing 11-20 of 31 Quotes by Jeffrey Sachs

The essence of Africa's crisis is fundamentally its extreme poverty.

~Jeffrey Sachs

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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.

~Jeffrey Sachs

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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.

~Jeffrey Sachs

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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.

~Jeffrey Sachs

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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.

~Jeffrey Sachs

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

~Jeffrey Sachs

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I think the IMF helped to detonate the Indonesian crisis.

~Jeffrey Sachs

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The Russian drama began at the end of 1991, when the Soviet Union mercifully ended. Russia and 14 other new countries emerged from the ruins of the Soviet Union. Every one of those 15 new states faced a profound historical, economic, financial, social and political challenge.

~Jeffrey Sachs

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We, being the Western world, wouldn't let Russia off the hook on debt. So there were demands on debt servicing in the early days until they ran out of reserves. There was no real aid program, just a fictional aid program.

~Jeffrey Sachs

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The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed.

~Jeffrey Sachs

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Biography

Nationality: American

Type: Economist

Born: November 5th, 1954

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