Academic journal article Journal of International Affairs

Common Wealth: Economics for a Crowded Planet

Academic journal article Journal of International Affairs

Common Wealth: Economics for a Crowded Planet

Article excerpt

COMMON WEALTH: ECONOMICS FOR A CROWDED PLANET

Jeffrey Sachs

(New York: Penguin Press, 2008), 400 pages.

Jeffrey Sachs has become the most renowned expert on economics and poverty in the world. In his new book, Common Wealth: Economics for a Crowded Planet, Sachs continues his personal mission to expose the economic and environmental crises that are facing our crowded planet.

In light of current global crises with food shortages, economic meltdowns, rising gas prices and climate changes, Sachs appears right on point with the timing of this book. He focuses on four main issues: stabilization of a rapidly growing world population, stabilization of environmental degradation, alleviation of extreme poverty and addressing of global political stalemates. According to Sachs, these problems affect the entire planet and will ultimately have dire consequences for both rich and poor countries. The implication is that global cooperation must begin now.

Sachs advocates a clear-cut plan of action that puts pressure on governments to make dramatic economic and public policy changes, instead of pursuing short-term solutions. Sachs also proposes market responsibility for the spread of technology, alleviation of poverty and environmental sustainability. …

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