« Good news from the World Bank | Main | More wisdom from Martin Wolf »

June 26, 2007

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c891753ef00e008cd360d8834

Listed below are links to weblogs that reference Sachs has advice for Zoellick:

Comments

Ryan

After reading Mr. Sachs and then your take on the developmental problems of Africa I have to wonder, to what degree is this a chicken or egg debate?

What I mean is, how much of a role does electrical and road infrastructure play in incentivizing education within Africa? Indeed, you do have many Africans who are recieving great educations through study abroad programs, but do they go back to reinvest their human capital in their home countries??

To me, if I were one of the few, lucky Africans that had the opporunity to study in the US or elsewhere, and after experiencing the lifestyles afforded in a much more modern environment, it would be highly unlikely that I would want to return to my home. Also, I think it would be fairly obvious to me that I would best gain from my education in a more modern economy rather than in one with little to no infrastructure or demand for my skills.

It really is a difficult question to answer, and I feel that the solution for each country will be different from any other. But, I believe that the solution contains a bit of both yours and Mr Sachs ideas.

Chris

Is there any reason why Mr Sach's efforts couldn't or shouldn't happen alongside the policy reform agenda that you mentioned in a previous post? Is this debate not somewhat of a false dichotomy?

Admittedly I haven't formally studied development but, given that both camps make valid arguments and their approaches seem compatible, it seems logical that we should pursue both avenues. Am I wrong?

Nilgun

Dani is right about the way in which Jeff, despite his goodwill, chooses to address the infrastructure gap in Africa. Jeff fails to tackle the real problem of how to increase public or private investments into infrastructure sectors(existing facilities, the state-owned and controlled utilities, and/or green field projects). The issue is not just about pouring in the money either. In the 1990s some private money (including those via unsolicited proposals)went into independent power producers (IPPs) and now these very IPPs cost the electric utilities almost half of their revenues to pay for the capacity and energy charges. (Tanzanian case offers one of the painful examples.) The whole development community (the Bank and the IMF included) has to work hard to increase capacity at the Ministries of Finance which has been eroded while disproportionate resources were dedicated to privatization agencies over the last decade. The governments need to collect and analyze the direct and hidden inflows and outflows between the Treasuries and the state-owned and controlled infrastructure enterprises so that they know exactly the resources spent and needed to maintain and expand existing facilities. They need to go back to macro economic evaluation of the SOE sectors which have been ignored both by the Bank and the IMF lately as the very first step to make infrastructure investments easier--public or private--in Africa.

dissent

I traveled in Kenya for several months in 1979 and stayed with locals, interviewed lot of folks, and the like. One thing I heard a lot was lamentations over how infrastructure had decayed. It has gotten much worse since then. Roads and universities in particular. I think Sachs does not take into account the severe decay of infrastructure that has occurred over the last 40 years. So the question is: why? I think Africans have in large part settled for low quality leadership. Why? I have observed that countries with diverse tribes and a tribal social structure don't seem to adapt well to modern economies. Is that a factor?

I don't think a mechanistic, 'build it and they will get out of the poverty trap', is enough at this point.

mik

Jeffrey Sachs did a terrific work on Russian economy post Soviet collapse for President Eltsin. It was so good that now Russians vomit when they hear boilerplate on Democracy/Capitalism/Free Markets.

100% inflation and complete robbery of Russian natural resources resulted from a brillian work by aol Jeff.

Bunch of Jeff's Russian friends have helped themselves to stolen properties to the tune of billions dollars.

And his close friend r and comrade in arms Andrei Shleifer from Harvard executed a few superb transactions for which Harvard was barred from State Department honeypot.

Kudos all around. It is now time to give old Jeff a few hundred billion to perform his magic in Africa.

Christopher Scott

Amen, Professor Rodrik, your remarks are on target. Another prominent economist who makes a similar argument is William Easterly, formerly of the World Bank but now at NYU. His books The Elusive Quest for Growth and White Man's Burden provide an excellent overview of the failed development strategies pushed by the World Bank from the McNamara era onward. I highly recommend the former for anyone, and the latter for anyone who is particularly interested in the World Bank.

Justin Rietz

Dani, I agree with you. I'm always taken aback by Sach's standard line, exemplified above: "Africa has its corruption problems, but they do not explain its distinctively poor economic performance".

First, I disagree with his position. But second, and to your point, he then sidesteps the issue of causes and instead focuses on the effects. Admittedly, short-run aid is needed to save the lives of the starving and diseased; however, I believe Sachs is applying bandages to a gunshot wound but forgetting to take out the bullet.

I find quite a bit of sense in William Easterly's "White Man's Burden". I think we need to be careful about “policy colonialism” – something that the Washington Consensus failed to take into account.

Dissent, did you read the article "Going up or down?" in the June 9th issue of The Economist? It echoes your sentiments about Kenya.

Mik, while I wouldn't have expressed it the same as you, for what it’s worth, I agree with your assessment of Sach’s efforts in Eastern Europe.

notsneaky

This is going in an off-topic direction - for the record I think Dani Rodrik and Bill Easterly are both right on this - but just wanted to say that Jeff Sachs DOES NOT bear any responsibility for Russia's mess. Maybe some other Western economists do, but Sachs does not.

mlk
100% inflation and complete robbery of Russian natural resources resulted from a brillian work by aol Jeff.

Justin Rietz
I agree with your assessment of Sach’s efforts in Eastern Europe.


Both 100%+ inflation and robbery of national assets was well underway in both Russia and Poland before Jeff Sachs got there. Both economies were spiraling downward. In both macroeconomic and other reforms were inevitable and going to be difficult.

In Poland, where Sachs was listened to and his advice taken seriously the painful transition period was short. In Russia, he was not listened to and Russian officials tended to see him as a Western face to put on fake reforms - window dressings, and in fact, Sachs resigned in disgust. As a result the painful transition period lasted almost a whole decade.

Of course there were differences between the two economies. Russia, pre 1989 was in much more serious economic trouble than Poland. I'm pretty sure that there was going to be an economic crisis in Russia no matter what was done in 1991. You can take those Republics of the former USSR which seceded before "shock therapy" in Russia and hence did not institute the same kind of reforms (sometimes they had their own versions of it, more often they did not). Well, guess what, their performance looks just as bad, if not worse than Russia's.

This is like blaming the firemen at the scene of a fire for the property damage that results.

mik

"where Sachs was listened to and his advice taken seriously the painful transition period was short. In Russia, he was not listened to and Russian officials tended to see him as a Western face to put on fake reforms"

I cannot rectify your ignorance about that history in a post. Read Gaidar recollections. Read independent assesments from Western econs and pols from Left and Right.
Compare Russian "privatization" (ie theft) with Chechoslovakia.
Compare Russian Federation performance with Baltic republics.

Take a look at old Jeff buddies, Anatoly Chubais and other oligarchs. Does old Jeffie have any friends in Russia who is not multi-millioner?

What about his right hand, the brilliant Andy Schleifer, the scorge of Harvard University?

Old Jeff has tremendous ability not to see multi-billion theft all around him. Just keep giving him billions and billions of taxpayer money so he will feel good and his buddies will get super-rich.

notsneaky

Ay ay ay ay. Aside from calling me ignorant, you haven't managed to say anything of substance in the 100 words or so you wrote.

Give example of "independent assesments from Western econs"

Understand diffirence between Russia's situation in, oh, 1987 and Czech(sic)oslovakia's.

Look at time series of gdp per capita for Baltics and for Russia and then get back to me.

Don't confuse Gaidar with Chubais.

And we're talking about Sachs, not Schleifer.

paine

dani

"The trouble is that the evidence in support of generalized poverty traps is extremely weak"

universal
twelve step programs
promise more then they deliver

no panacea for pandemonia
each twist needs a specific turn

nike shox sale

Nike Shox|Nike Shox Sale is special for you with a very pretty design

Ugg london

Don't waste your time on a man/woman, who isn't willing to waste their time on you.

chi flat iron

CHI flat iron by Farouk system. Direct from the manufacturer, this genuine Chi ceramic iron comes with valid, one year warranty!

viagra online

This article is typical of the elegant high society people, even if it is true is to become very fashionable in young people have flooded the market and a very youthful and informal style. excellent post thanks.

rolex watches

People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

cheap viagra

The yield of a bond is inversely related to its price today: if the price of a bond falls, its yield goes up. Conversely, if interest rates decline(the market yield declines), then the price of the bond should rise.

propecia online

For some people the highways became a funny trip and never think of care they must to have every time they go over there.

ugg classic knit

People usually say :"Seeing is believing." http://jordanmass.com Each attempt has a orresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought nfl jersey ,in a sense,it means a great deal to me. http://www.fansshirt.com

mbt shoes sale

Thank you for introducing me the useful information.And .....Totally boring. can you tell me where is the red and gold colors...? I predict a very low seller....I look forward your answer.thank you!

gucci outlet

you may have got a piont of there, but I will still keep up my mind. how do you think about gucci outlet|gucci sneakers|gucci handbags sale on tiffany jewelry|links of london|tiffany jewelry sale| as well as gucci men shoes|women gucci handbags|women gucci boots? aysdisa

max 90

oh, it is good ,

http://www.shoeglobal.com fag

replica handbags

this is something i have been very interested in lately. thanks.

jersey

I am a senior student from china, my english name is Eva, I like e-commerce, e-commerce easy and fast that is the reason i like it, and I learned professional is e-commerce, so after graduation I want to be a B2C e-commerce sites, i like like bar accessories products, and i like this website Posi Pourers, I like this site, which will soon operate a the style of her own station, but I like the bar products, who can provide the oak bar stool please give me help

jersey

great,good article. do not give up

who called me

Perhaps the problem is with the misnomer "developing country". Countries that don't have the basics of "peace, easy taxes, and a tolerable administration of justice" may well indeed be caught in a Malthusian trap where greater national income gets translated into high population but not per capita GDP.

timberland 6 inch boots

There were timberland 6 inch sensitivity and a beauty to her that have nothing to do with timberland 6 inch boots looks. She was one to be listened to, whose words were so easy to take to timberland boots sale heart.I used to find notes left in the collection basket, beautiful timberland boots outlet notes about my homilies and about the writer's black timberland boots thoughts on the daily scriptural readings. The person who penned the notes mens timberland boots would add reflections to my thoughts and would always include some timberland pro boots quotes from poets and mystics he or she had white timberland boots read and remembered and loved. The notes fascinated black timberland shoes uk me. Here was someone immersed in a search for truth and beauty. Words had been cheap timberland boots treasured, words that were beautiful. And I felt as if the words timberland waterproof boots somehow delighted in being discovered, for they were obviously very generous to the as yet anonymous timberland work boots writer of the notes. And now this person was in turn learning the secret of sharing them. Beauty so shines when given away. The only truth that exists timberland hiking boots is, in that sense, free. http://www.timberland6inch.com/

timberland 6 inch

There were timberland 6 inch sensitivity and a beauty to her that have nothing to do with timberland 6 inch boots looks. She was one to be listened to, whose words were so easy to take to timberland boots sale heart.I used to find notes left in the collection basket, beautiful timberland boots outlet notes about my homilies and about the writer's black timberland boots thoughts on the daily scriptural readings. The person who penned the notes mens timberland boots would add reflections to my thoughts and would always include some timberland pro boots quotes from poets and mystics he or she had white timberland boots read and remembered and loved. The notes fascinated black timberland shoes uk me. Here was someone immersed in a search for truth and beauty. Words had been cheap timberland boots treasured, words that were beautiful. And I felt as if the words timberland waterproof boots somehow delighted in being discovered, for they were obviously very generous to the as yet anonymous timberland work boots writer of the notes. And now this person was in turn learning the secret of sharing them. Beauty so shines when given away. The only truth that exists timberland hiking boots is, in that sense, free. http://www.timberland6inch.com/

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

Moncler

I am a senior student too, I Love this post as i love study english, This article is to my feelings, thanks for your sharing, hoping to see more useful content, refueling

cheap jordans

I think this is a great post. One thing that I find the most helpful is number five. Sometimes when I write, I just let the flow of the words and information come out so much that I loose the purpose. It’s only after editing when I realize what I’ve done. There’s defiantly a lot of great tips here I’m going to try to be more aware of.

jordan shoes

It's good to see this information in your post, i was looking the same but there was not any proper resource, than now i have the link which i was looking for my research.

nfl jerseys wholesale

Like all poor regions (and rich nations like the U.S.),

discount ugg boots

i agree with you!your sayiing is right!

gucci handbags on sale

I like this site and the style but I like the bar products more.

coach handbag

The common dream of all women is that they want to dress up themselves to be the most focus one in what kind of occasions. And the discount Coach Handbags on sale for women are able to perfectly help you to make the dream come true. All discount coach bags outlet on sale for women are finished with fashionable and popular design at cheap coach outlet store. The rich colors and styles of coach handbags sale from clearance coach handbags outlet let you really appreciate the happiness of enjoying life. Don't hesitate! Buy it!

authentic nikes

I found so many interesting stuff in your blog especially its discussion. From the tons of comments on your articles, I guess I am not the only one having all the enjoyment here! keep up the good work

Emu Boots

This will be one of the best and most hearty eating experiences that will surely have you coming back for more, especially when you see how small your bill is. Hopefully your deli of choice will also have a wide selection of gourmet coffees that will compliment any sandwich. Get in there and get to know the staff, you'll be sure to receive a warm and friendly welcome. Let's face it, you can't go wrong with a stop at a place like this, so why not make it a daily routine?

Account Deleted

wow !!!
thats Great Post
thanks for sharing info..
Custom Writing Essays
I like these articles

Account Deleted

raf

Thanks a lot.

Account Deleted

These kind of post are always inspiring and I prefer to read quality content so I happy to find many good point here in the post, Buy Custom Essay is simply great, thank you for the post!(^*^)

Account Deleted

Yesterday, my friend bought a cheap designer handbags which is so beautiful...fds

auto scanner

wow !!!
thats Great Post
thanks for sharing info..Auto Scanner

Account Deleted

President Bush's nominee to head the World Bank vowed Wednesday to heal wounds at the embattled anti-poverty group and said his years of international experience made him qualified to do the job.

Website Design Services
Web Application Development
Web Design Company

Mbtmbtshoes

Coach bags all people have the right to know what really happened; The United Nations has condemned terrorism fight terrorism, but also have the basic rules, must abide by international law.

Account Deleted

Raf
raf

Thanks to you ...

Account Deleted

Raf
raf

Good Job ...

Account Deleted

Excellent work again you have done great job for readers..

Motherlove

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop
sexyshop
sexshop online

Account Deleted


Awesome, Very interesting issue that after a very successful. Nicely written article good work ! Thanks for the great piece of sharing. Enjoy to read your write . Thanks a lot
Creating History Together With ArenaBetting Piala Eropa 2012 http://seotoolinfo.com/2012/06/creating-history-creating-history-together-with-arenabetting-piala-eropa-2012/
Agenliga Sebagai Agen Bola Online Untuk Euro 2012 http://seotoolinfo.com/2012/06/agenliga-agenliga-com-sebagai-agen-bola-online-untuk-euro-2012/

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment