Tuesday, January 31, 2012


Some perspective to consider about poverty and developing countries:

"Even if the poverty trap is the right diagnosis, it still poses the question of why some impoverished countries are trapped and others are not. The answer often lies in the frequently overlooked problems of physical geography. Americans, for example, believe that they earned their wealth all by themselves. They forget that they inherited a vast continent rich in natural resources, with great soils and ample rainfall, immense navigable rivers, and thousands of miles of coastline with dozens of natural ports that provide a wonderful foundation for sea-based trade."
-The End of Poverty, by Jeffrey Sachs

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