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  • OPINION

    Will US economic illiteracy trigger a trade war?

    News, Jeffrey D Sachs, Published on 24/04/2017

    » Nearly 100 days after US President Donald Trump took office, he and his commerce secretary, Wilbur Ross, continue to commit an economic fallacy that first-year economics students learn to avoid. They claim that America's current-account deficit (or trade deficit), which is in fact the result of America's low and falling saving rate, is an indicator of unfair trade practices by Germany and China, two current-account surplus countries. Their embrace of economic ignorance could lead to disaster.

  • OPINION

    Chance to save Greece goes begging

    News, Jeffrey D Sachs, Published on 13/07/2015

    » The Greek catastrophe commands the world’s attention for two reasons. First, we are deeply distressed to watch an economy collapse before our eyes, with bread lines and bank queues not seen since the Great Depression. Second, we are appalled by the failure of countless leaders and institutions - national politicians, the European Commission, the International Monetary Fund (IMF), and the European Central Bank (ECB) - to avert a slow-motion train wreck that has played out over many years.

  • OPINION

    China takes over as new global leader

    News, Jeffrey D Sachs, Published on 29/11/2014

    » The biggest economic news of the year came almost without notice: China has overtaken the United States as the world's largest economy, according to the scorekeepers at the International Monetary Fund (IMF). And, while China's geopolitical status is rising rapidly, alongside its economic might, the US continues to squander its global leadership, owing to the unchecked greed of its political and economic elites and the self-made trap of perpetual war in the Middle East.

  • OPINION

    Network would mobilise technology to save our planet

    News, Jeffrey D Sachs, Published on 28/08/2012

    » Great social change occurs in several ways. A technological breakthrough _ the steam engine, computers, the internet _ may play a leading role. Visionaries, such as Mahatma Gandhi, Martin Luther King Jr, and Nelson Mandela, may inspire a demand for justice. Political leaders may lead a broad reform movement, as with Franklin Roosevelt and the New Deal.

  • OPINION

    World suffering a sustainability crisis

    News, Jeffrey D Sachs, Published on 26/04/2012

    » The annual spring meetings of the International Monetary Fund and the World Bank have provided a window into two fundamental trends driving global politics and the world economy. Geopolitics is moving decisively away from a world dominated by Europe and the United States to one with many regional powers but no global leader. And a new era of economic instability is at hand, owing as much to physical limits to growth as to financial turmoil.

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