There's a lot of strength in the U.S., but there's a lot of froth also. The froth will blow off. We're going to have to face up to some realities that we're not fully facing up to right now. Jeffrey Sachs blowfacefroth Change image and share on social
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 basicbenefitconcur Change image and share on social
Globalization was a deep trend pushed by technology and right ideas, as much as anything else. Jeffrey Sachs deepglobalizationidea Change image and share on social
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 1990sasiabite share on social
We had a booming stock market in 1929 and then went into the world's greatest depression. We have a booming stock market in 1999. Will the bubble somehow burst, and then we enter depression? Well, some things are not different. Jeffrey Sachs boombubbleburst share on social
The essence of Africa's crisis is fundamentally its extreme poverty. Jeffrey Sachs africacrisisessence Change image and share on social
The great leaders of the second world war alliance, Franklin Roosevelt and Winston Churchill, understood the twin sides of destruction and salvation. Their war aims were not only to defeat fascism, but to create a world of shared prosperity. Jeffrey Sachs aimalliancechurchill share on social
White House and State Department foreign-policy experts are overwhelmingly directed towards military and diplomatic issues, not development issues. Jeffrey Sachs departmentdevelopmentdiplomatic Change image and share on social
It's not so unusual to run out of someone else's currency. Jeffrey Sachs currencyrununusual Change image and share on social