Can Jeffrey Sachs End Global Poverty Research Paper

Can Jeffrey Sachs End Global Poverty - Research Paper Example Global poverty is an issue faced by many nations and should be tackled with some of the recommendations that Jeffrey Sachs gives. 2. The policies of economic growth laid down by Jeffrey Sachs can prove to be beneficial if implemented by the richer nations. 3. The United States has a great role to play in eradicating the issue of global poverty from the world. 4. Yes, the U.S should promote global growth by providing the poor nations with the necessary financial aid. 5. Africa is suffering from extreme poverty and U.S should take a stance on tackling the issue of poverty there through which the threats of terrorism can also be decreased. Cons 1. No, the option of economic growth is not the only solution for global poverty prevailing in this world. 2. Along with economic growth it is also necessary that corruption and malice is eradicated from the governments. 3. No, the U.S alone cannot make much of a difference in eradicating the issue of global poverty from this world because of the role that the home government plays. 4. No, financial aid is not the only solution for the eradication and it should be backed by other reforms. Can Jeffrey Sachs End Global Poverty? The debates about poverty and its consequences are getting increasing attention from the authorities, law regulators, politicians, social welfare organizations, policymakers and the public at large. The reasons behind such importance given to the issues of poverty are the unhealthy, inconsistent and unwelcoming consequences of poverty. These consequences affect all areas from the social, psychological, mental and physical health to access quality food, shelter and other basic necessities for people’s lives. Poverty has turned out to be a global issue affecting a great part of the population living in this world. Jeffrey Sachs is a well qualified professor who has classified poverty into three major classes. He believes that individuals either live in extreme poverty, moderate poverty or relative poverty. Sachs put forwards that in the past 25 years economic growth has been witnessed all around the world but this economic growth has not been significant enough to eradicate poverty even from the developed nations. He believes that a balanced economic growth is necessary to eradicate poverty from the world. He has put several points which according to him are necessary to be implemented so that the global poverty can be ended. A question here arises though as to â€Å"if Jeffrey Sachs can end global poverty or not?†1 From the 1990s it has been seen that the role of international financial institutions have increased in the global politics. These IFIs are responsible on aiding the poor nations with money which they have to use for economic growth. This economic growth can help in eradicating the roots of poverty. Sachs believes that the rich nations have a special role to play in helping to cut off the roots of poverty. The richest countries of the world like United Sta tes can allocate 0.7% of their budget to the poorer nations so that they can prosper and make economic growth. Currently the United States only spends 0.15% in the aid which should be increased by cutting down the defence budgets2. He believes that the country who is participating for a change should make sure that the transformation is really occurring. Lack of commitment by the richer countries can become a hurdle to the progress of economic growth. His emphasis on commitment by the richer nations can be seen in these words â€Å"‘The U.S. lack of support for Bolivia was appalling’.3 Jeffrey Sachs blames the United States for the continuing global poverty in this world. He cites that the war against terrorism launched by the United States is a complete failure and can be tackled in other ways too. According to him the issue of terrorism can be tackled if the interest of US was shifted towards international relations rather than on military advancement. The roots of t errorism can be cut out by economic growth and by helping a poor nation to progress the war against