February 27th, 2012

The Long View | Jeffrey Sachs on the Global Economy and Rebalancing an Unequal World

By Imran Amed, The Business of Fashion

NEW YORK, United States —In the world of development economics, Jeffrey Sachs is a veritable rock star. He is the director of The Earth Institute, Quetelet professor of sustainable development, professor of health policy and management at Columbia University and special advisor to United Nations secretary general Ban Ki-moon. For over 25 years, he has advised international governments in the developing world — from Africa to Eastern Europe to Latin America — on economic development, environmental sustainability, poverty alleviation, debt cancellation, and globalisation.

In a wide-ranging and exclusive conversation, BoF’s Imran Amed spoke to Professor Sachs for AnOther Magazine to discuss the Occupy movement, his new book The Price of Civilisation, the role of the fashion industry in global development and his solutions for rebalancing an increasingly unequal world.

Imran Amed: 2011 was a harrowing year, with continued economic problems, political upheaval and growing inequality between rich and poor. What is your view on the state of the world as we begin 2012?

Jeffrey Sachs: 2011 was a complicated year when viewed through the eyes of a development economist. We have a major economic crisis in the United States and Europe. We have places like the Horn of Africa, which are in a downward spiral of economic and ecological catastrophe. We have other parts of the developing world, like China and major parts of India and Brazil, which are booming. So the world is absolutely…

Read full article in The Business of Fashion.

 

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