Seeing Why African Development Is So Tough To Get Started

I just finished and do recommend The Idealist: Jeffrey Sachs and the Quest to End Poverty. Written by a Vanity Fair journalist, the book is a good read. On one level, The Idealist is about a dynamic economist who raised $120 million (and then…

Phone Power

Only 3 years ago in sub-Saharan Africa, more than two-thirds of all roads were unpaved, three-quarters of the population was without electricity, and there were 3 landline phones per 100 people. Enter the cell phone. As of 2010, in low…

How Many People Are Hungry?

The UN says that the problem is 1 billion hungry people. Columbia University scholar Jeffrey Sachs explains that the solution is foreign aid that attacks the “poverty trap.” Then, markets can develop and people can become more productive. By contrast,…