Write 5 pages thesis on the topic can jeffrey sachs end global poverty. 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 “if Jeffrey Sachs can end global poverty or not?”1
.From the 1990s it has been seen that the role of international financial institutions has increased in the global politics. These IFIs are responsible for 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 the United States 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 defense budgets2. He believes that the country who is participating in 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 a commitment by the richer nations can be seen in these words “‘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.