Jeffrey Sachs on the financial crisis
JOHN THYS/AFP/Getty Images FP‘s Elizabeth Dickinson spoke with economist Jeffrey Sachs this week about how the financial crisis will affect the world’s poorest. Surprisingly, Sachs doesn’t think the mayhem on Wall Street necessarily spells doom for people living in low-income countries. It’s middle-income countries, which are more connected to the global economy, that are most ...
FP‘s Elizabeth Dickinson spoke with economist Jeffrey Sachs this week about how the financial crisis will affect the world’s poorest.
Surprisingly, Sachs doesn’t think the mayhem on Wall Street necessarily spells doom for people living in low-income countries. It’s middle-income countries, which are more connected to the global economy, that are most at risk.
His biggest worry? That the credit crunch will distract leaders from the “life-or-death” issues that affect the poor on a daily basis.
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