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Article
Monitoring the world's agriculture
To feed the world without further damaging the planet, Jeffrey Sachs and 24 food-system experts call for a global data collection and dissemination network to track the myriad impacts of different farming prac...
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Article
Boost the develo** world
Directing finance into sustainable infrastructure in the poorest countries helps the whole world, says Jeffrey Sachs.
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Chapter
Ending Extreme Poverty in Malawi
Ending extreme poverty in Malawi is an ambitious, but not impossible, objective. We owe the children of Malawi nothing less. It will require a transformation in values surrounding international aid, debt, trad...
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Chapter
Economic Isolation
Infrastructure contributes to economic growth in a number of ways. Good infrastructure helps lower input costs for goods and services, reduces transaction costs (thus facilitating trade), and leads to wider ma...
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Chapter
Breaking Out of Food Insecurity
In Chapter 5, we focused on the technical components of low agricultural productivity. Traditional African agriculture was based around robust, but low-productivity (per unit of land) farming systems. Returns ...
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Article
Testimonials
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Article
An extended Heckscher-Ohlin model with transaction costs and technological comparative advantage
This paper introduces technological differences and transaction costs into the Heckscher-Ohlin (HO) model and examines the HO theorem, factor price equalization theorem, the Stolper-Samuelson theorem and the R...
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Article
Panel Discussion: Promoting Better National Institutions: The Role of the IMF
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Article
The economic and social burden of malaria
Where malaria prospers most, human societies have prospered least. The global distribution of per-capita gross domestic product shows a striking correlation between malaria and poverty, and malaria-endemic cou...
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Article
The Gains from Privatization in Transition Economies: Is “Change of Ownership” Enough?
This paper seeks to clarify what factors contributed to the macroeconomic gains and losses from privatization in transition economies over the past decade. In contrast to the original “Washington Consensus,” w...
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Article
A general-equilibrium re-appraisal of the Stolper-Samuelson theorem
This paper conducts a general-equilibrium analysis of the Heckscher-Ohlin model in which product price is endogenized. It applies both marginal and infra-marginal comparative-static analyses to examine the co-...
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Article
Letter to the editor
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Chapter
The Economic Transformation of Eastern Europe: The Case of Poland
In virtually every aspect of economic life, the communist legacy is adverse. Normal market institutions were destroyed by the communist rulers in the early post-war period, so that even the most basic categori...
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Chapter
Privatization in Eastern Europe: The Case of Poland
The transformation of the Eastern European economies into market economies requires comprehensive action on three fronts: macroeconomic stabilization, liberalization of economic activity, and privatization of ...
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Article
The economic transformation of Eastern Europe: the case of Poland
This article identifies the main features of Poland's radical transition to capitalism-stabilization program, trade liberalization, and privatization reform. The ‘shock therapy’ adopted by Poland in 1991 is pr...
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Article
Debt reduction: the basis and shape of a new strategy
The burden of past restructuring of the external debt of develo** countries has been distributed asymmetrically among creditors owing to the lack of incentives for voluntary debt reduction. “New creditors” h...
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Chapter
The Current Account in the Macroeconomic Adjustment Process
Macroeconomic adjustments to changes in the economic environment are to a large extent conditioned by the intertemporal choices of economic agents. When agents face an intertemporal budget constraint, a decisi...
