Common Wealth Economics for a Crowded Planet

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  • Format: Hardcover
  • Copyright: 3/18/2008
  • Publisher: Penguin Press HC, The

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From one of the world's greatest economic minds, author of The New York Timesbestseller The End of Poverty, a clear and vivid map of the road to sustainable and equitable global prosperity and an augury of the global economic collapse that lies ahead if we don't follow it The global economic system now faces a sustainability crisis, Jeffrey Sachs argues, that will overturn many of our basic assumptions about economic life. The changes will be deeper than a rebalancing of economics and politics among different parts of the world; the very idea of competing nation-states scrambling for power, resources, and markets will, in some crucial respects, become pass. The only question is how bad it will have to get before we face the unavoidable. We will have to learn on a global scale some of the hard lessons that successful societies have gradually and grudgingly learned within national borders: that there must be common ground between rich and poor, among competing ethnic groups, and between society and nature. The central theme of Jeffrey Sachs's new book is that we need a new economic paradigm-global, inclusive, cooperative, environmentally aware, science based- because we are running up against the realities of a crowded planet. The alternative is a worldwide economic collapse of unprecedented severity. Prosperity will have to be sustained through more cooperative processes, relying as much on public policy as on market forces to spread technology, address the needs of the poor, and to husband threatened resources of water, air, energy, land, and biodiversity. The "soft issues" of the environment, public health, and population will become the hard issues of geopolitics. New forms of global politics will in important ways replace capital-city-dominated national diplomacy and intrigue. National governments, even the United States, will become much weaker actors as scientific networks and socially responsible investors and foundations become the more powerful actors. If we do the right things, there is room for all on the planet. We can achieve the four key goals of a global society: prosperity for all, the end of extreme poverty, stabilization of the global population, and environmental sustainability. These are not utopian goals or pipe dreams, yet they are far from automatic. Indeed, we are not on a successful trajectory now to achieve these goals. Common Wealthpoints the way to the course correction we must embrace for the sake of our common future.

Author Biography

Jeffrey D. Sachs is director of the Earth Institute at Columbia University and special adviser to former UN Secretary-General Kofi Annan on the Millennium Development Goals. He is the author of The New York Times bestseller, The End of Poverty, and is internationally renowned for his work as an economic adviser to governments around the world.

Table of Contents

Forewordp. xi
New Economics for the Twenty-first Century
Common Challenges, Common Wealthp. 3
Our Crowded Planetp. 17
Environmental Sustainability
The Anthropocenep. 57
Global Solutions to Climate Changep. 83
Securing Our Water Needsp. 115
A Home for All Speciesp. 139
The Demographic Challenge
Global Population Dynamicsp. 159
Completing the Demographic Transitionp. 183
Prosperity for All
The Strategy of Economic Developmentp. 205
Ending Poverty Trapsp. 227
Economic Security in a Changing Worldp. 255
Global Problem Solving
Rethinking Foreign Policyp. 271
Achieving Global Goalsp. 291
The Power of Onep. 313
Acknowledgmentsp. 341
List of Acronymsp. 347
Notesp. 349
Referencesp. 361
Indexp. 371
Table of Contents provided by Ingram. All Rights Reserved.

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