May 25, 2007
Jeffrey Sachs on Development
A quite mind-boggling piece by Jeffrey Sachs here. The "extreme free-market ideology of the World Bank"?
What has he been smoking?
Worse, much worse, is his commenting upon the changes in Chinese agriculture, and their applicability to the African experience. Yes, roads, irrigation, fertilizer have all indeed made a difference. But he fails to mention (even to dismiss them) absolutely the most important changes in the Chinese system.
The reform of land tenure and the freeing of the price system. Without those two, all of the other things will have no effect.
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That's about par for the course with Sachs. He's got a column every month in the (increasingly un-)Scientific American magazine. He usually spouts off on something similar. Its one of the several reasons I'm dropping my subscription to it.
Posted by: Eric Blair | May 25, 2007 12:53:31 PM