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The Big Push Deja Vu: A Review of Jeffrey Sachs's The End of Poverty: Economic Possibilities for Our Time /

개인저자
Easterly, William
수록페이지
96-105 p.
발행일자
2006.03.27
출판사
American Economic Association
초록
[영문]Jeffrey Sachs's new book (The End of Poverty: Economic Possibilities for Our Time, Penguin Press: New York, 2005) advocates a qqqquot;Big Pushqqqquot; featuring large increases in aid to finance a package of complementary investments in order to end world poverty. These recommendations are remarkably similar to those first made in the 1950s and 1960s in development economics. Today, as then, the Big Push recommendation overlooks the unsolvable information and incentive problems facing any large-scale planning exercise. A more promising approach would be to design incentives for aid agents to implement interventions piecemeal whenever they deliver large benefits for the poor relative to costs.