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
Despite a decade of criticism and budget cuts, the specialised UN agencies have far more expertise and hands-on experience than any other organisations in the world. Jeffrey Sachs agencybudgetcriticism Change image and share on social
Let's start fresh with Russia on some real help and some real reform. Jeffrey Sachs freshrealreform Change image and share on social
I think the IMF helped to detonate the Indonesian crisis. Jeffrey Sachs crisisdetonatehelp Change image and share on social
Russia has gone through eight years of continuing economic pain. Jeffrey Sachs continueeconomicpain Change image and share on social
Senior development specialists in the Treasury can be counted on one hand. America's government is not even aware of the gap between its commitments and action, because almost nobody in authority understands the actions that would be needed to meet the commitments. Jeffrey Sachs actionamericaauthority share on social
If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold. Jeffrey Sachs europeexpandgold Change image and share on social
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 aiddaydebt share on social
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. Jeffrey Sachs comedaydebt share on social
The longer you wait, the less fun. If you wait until the bitter end, the whole economy can be destroyed. Jeffrey Sachs bitterdestroyeconomy Change image and share on social
