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livian general election hugo banzer asked sachs to advise him on an anti inflation plan to implement if he was elected sachs s stabilization plan centered on price deregulation particularly for oil along with cuts to the national budget sachs said his plan could end bolivian hyperinflation which had reached up to 14 000 in a single day 22 non primary source needed banzer lost the election to víctor paz estenssoro but sachs s plan was still implemented inflation quickly stabilized in bolivia 23 24 hyperinflation reduced within weeks after the bolivian government implemented his suggestions and the government settled its 3 3 billion debt to international lenders for about 11 cents on the dollar at the time this was about 85 of bolivia s gdp 25 26 advising in post soviet economies edit poland edit in 1989 sachs advised poland s anticommunist solidarity movement and the government of prime minister tadeusz mazowiecki he wrote a comprehensive plan for the transition from central planning to a market economy that was incorporated into poland s reform program led by finance minister leszek balcerowicz sachs was the main architect of poland s debt reduction operation he and imf economist david lipton advised on the rapid conversion of all property and assets from public to private ownership closure of many uncompetitive factories ensued 27 in poland sachs was firmly on the side of rapid transition to capitalism at first he proposed u s style corporate structures with professional managers answering to many shareholders and a large economic role for stock markets that did not sit well with the polish authorities but he then proposed that large blocks of the shares of privatized companies be placed in the hands of private banks 28 as a result there were economic shortages and inflation but prices in poland stabilized by 1991 29 30 in 1999 the government of poland awarded sachs one of its highest honors the commander s cross of the order of merit 6 he received an honorary doctorate from the kraków university of economics 10 russia edit after poland s success sach s advice was sought by soviet president mikhail gorbachev and his successor russian president boris yeltsin on the transition of the ussr russia to a market economy 30 sachs s methods for stabilizing economies became known as shock therapy and were similar to approaches used in west germany after ww2 25 he faced criticism after the russian economy underwent significant struggles after adopting the market based shock therapy in the early 1990s 31 32 33 work on global economic development edit since his work in post communist countries sachs has turned to global issues of economic development poverty alleviation health and aid policy and environmental sustainability he has written extensively on climate change disease control and globalization since 1995 he has been engaged in efforts to alleviate poverty in africa 34 according to new york magazine sachs s ambitions are hard to overstate his ultimate goal is to change the world to bend history as he once said quoting robert f kennedy wrote nina munk in the idealist a biography of sachs by the early aughts he had risen from wonky academic to celebrity public intellectual according to munk people in sachs s inner circle affectionately called him a shit disturber someone whose ego was offset by a selfless genius and a penchant for challenging orthodoxies there s a certain messianic quality about him george soros one of his patrons told munk 35 sachs at a un meeting in 2009 sachs suggests that with improved seeds irrigation and fertilizer the crop yields in africa and other places with subsistence farming can be increased from 1 ton per hectare to 3 to 5 tons per hectare he said that increased harvests would significantly increase subsistence farmers income reducing poverty sachs does not believe that increased aid is the only solution he also supports establishing credit and microloan programs which are often lacking in impoverished areas 36 he is a founding editor of the world happiness report when 37 sachs is co founder and chief strategist of millennium promise alliance a nonprofit organization dedicated to ending extreme poverty and hunger when from 2002 to 2006 he was director of the united nations millennium project s work on the mdgs citation needed after the adoption of the millennium development goals mdgs in 2000 sachs chaired the who commission on macroeconomics and health 2000 2001 which played a pivotal role in scaling up the financing of health care and disease control in the low income countries to support mdgs 4 5 and 6 he worked with un secretary general kofi annan in 2000 2001 to design and launch the global fund to fight aids tuberculosis and malaria 38 he also worked with senior george w bush administration officials to develop the pepfar program to fight hiv aids and the pmi to fight malaria on annan s behalf from 2002 to 2006 he chaired the un millennium project which was tasked with developing a concrete action plan to achieve the mdgs the un general assembly adopted the un millennium project s key recommendations at a special session in 2005 citation needed in 2010 he became a commissioner for the broadband commission for sustainable development whose stated aim is to boost the importance of broadband internet in international policy 39 the millennium villages project mvp which he directs operates in more than a dozen african countries and covers more than half a million people its critics have questioned both the project s design and claims made for its success in 2012 the economist reviewed the project and concluded the evidence does not yet support the claim that the millennium villages project is making a decisive impact 40 critics have said that the program did not include suitable controls to allow an accurate determination of whether its methods were responsible for any observed gains in economic development a 2012 lancet paper claiming a threefold increase in the rate of decline in childhood mortality was criticized for flawed methodology the authors later admitted that the claim was unwarranted and misleading 41 in her 2013 book the idealist jeffrey sachs and the quest to end poverty journalist nina munk concluded that the mvp was a failure 42 from 2002 to 2018 sachs was special adviser to the un secretary general until 2016 he held a similar advisory position related to the millennium development goals mdgs 15 eight internationally sanctioned objectives to reduce extreme poverty hunger and disease by 2015 in connection with the mdgs he was appointed special adviser to the un secretary general in 2002 during the term of kofi annan and later to antónio guterres 15 43 in his capacity as a special adviser at the un sachs frequently met with foreign dignitaries and heads of state he developed a friendship with bono and angelina jolie who traveled to africa with him to witness the progress of the millennium villages 35 sachs with nigerian journalist adebola williams in 2019 during the greek government debt crisis in 2015 sachs heiner flassbeck thomas piketty dani rodrik and simon wren lewis published an open letter to chancellor of germany angela merkel urging her to rethink her government s policy of austerity 44 as of 2020 update he was president of the un sustainable development solutions network 45 in june 2025 sachs attended the forum of the future 2050 in moscow a conference organised by konstantin malofeev 46 47 sachs is one of the founders of the deep decarbonization pathways project when 48 as of 2026 update sachs is an sdg advocate for guterres on the sustainable development goals sdgs a set of 17 global goals adopted at a un summit meeting in 2015 49 honorary and other roles edit from 2000 to 2001 sachs was chairman of the commission on macroeconomics and health 50 of the world health organization who and from 1999 to 2000 he was a member of the international financial institution advisory commission established by the united states congress sachs has been an adviser to the who the world bank the organisation for economic co operation and development the international monetary fund and the united nations development program he is a member of the institute of medicine the american academy of arts and sciences harvard society of fellows the fellows of the world econometric society the brookings panel of economists the national bureau of economic research and the board of advisers of the chinese economists society among other international organizations 6 sachs is the first holder of the royal professor ungku aziz chair in poverty studies at the centre for poverty and development studies at the university of malaya in kuala lumpur malaysia for 2007 2009 he holds an honorary professorship at the universidad del pacifico in peru he has lectured at the london school of economics the university of oxford and yale university and in tel aviv university and jakarta 6 views and commentary edit nuclear power edit in 2012 sachs said that nuclear power is the only solution to climate change in 2021 he suggested that carbon neutrality could be achieved without nuclear power by mid century if rapid technological development continues 51 52 china edit according to stuart lau and luanna muniz writing in politico sachs is a longtime advocate of dismantling american hegemony and embracing the rise of china 53 he said the term genocide is mistaken in relation to the persecution of the uyghurs in china 20 he has argued for closer relations between the us and china and warned of the danger of tensions between them 54 55 u s support for israel edit regarding the gaza war sachs has said that the united states is complicit in israeli genocide and could halt the conflict by freezing military aid to israel 56 in a video clip shared by donald trump sachs criticized what he called israeli prime minister benjamin netanyahu s obsessive efforts to drag the united states into war with iran through pro israel lobbying 57 venezuela edit a 2019 report by sachs and mark weisbrot published by the center for economic and policy research states that a 31 rise in the number of deaths between 2017 and 2018 was due to the sanctions imposed on venezuela in 2017 and that 40 000 people in venezuela may have died as a result 58 the report states the sanctions are depriving venezuelans of lifesaving medicines medical equipment food and other essential imports 58 weisbrot said the authors could not prove those excess deaths were the result of sanctions but said the increase ran parallel to the imposition of the measures and an attendant fall in oil production 58 a united states department of state spokesperson said as the writers themselves concede the report is based on speculation and conjecture 58 ricardo hausmann a harvard economist who was adviser to then venezuelan opposition leader juan guaidó said the analysis was flawed because it made invalid assumptions about venezuela based on colombia taking what happened in colombia since 2017 as a counterfactual for what would have happened in venezuela if there had been no financial sanctions makes no sense calling it sloppy reasoning hausmann also said the analysis failed to rule out other explanations or correctly account for pdvsa finances 59 covid 19 pandemic edit in spring 2020 richard horton editor of the lancet appointed sachs as chair of its covid 19 commission whose goals were to provide recommendations for public health policy and improve the practice of medicine during the covid 19 pandemic 60 61 62 sachs set up a number of task forces including one on the origins of the virus sachs appointed british american disease ecologist peter daszak to head this task force who had previously led a project ecohealth alliance working with the wuhan institute of virology 35 sachs became increasingly drawn to the lab leak theory which posited that the sars cov 2 virus was released from a chinese laboratory causing him to come into conflict with daszak and many other scientists daszak left as chair of the taskforce in june 2021 and sachs disbanded the group in september that year 35 in july 2022 sachs said that covid 19 may have leaked out of u s lab biotechnology which is considered by the european union to be covid 19 disinformation by china however he said that both hypotheses are viable at this stage referring to the virus s emergence either through natural environment or from a lab 63 in august 2022 sachs said on a podcast of robert f kennedy jr that officials such as anthony fauci were not being honest about the origins of covid 64 critics of sachs accused him of playing politics with the commission and fanning the flames of a conspiracy theory 35 in september 2022 the lancet commission published its report on the pandemic following the two year investigation stating that the origins of the virus remain unknown and that two possible explanations required further scientific investigation 65 russian invasion of ukraine edit at mcc peace forum budapest 2023 in may 2022 sachs said that the russian invasion of ukraine in february 2022 would be hard to beat and that finland s moves to join nato would undermine a negotiated peace all of this talk of defeating russia to my mind is reckless 66 in june 2022 he co signed an open letter calling for a ceasefire in the war questioning western countries continuing military support for ukraine 67 sachs has suggested that the u s was responsible for the sabotage of the nord stream pipeline in february 2023 he was invited by the russian government to address the united nations security council about the topic 68 20 in march 2023 a group of 340 economists published an open letter to address some of the historical misrepresentations and logical fallacies that they said were contained in sachs s arguments regarding the russo ukrainian war 69 70 in february 2025 sachs delivered a speech at the european parliament during an event titled the geopolitics of peace hosted by bsw mep michael von der schulenburg in which he urged europe to break free from u s influence and chart its own foreign policy path 71 72 reception edit economics edit sachs s policies for the global eradication of extreme poverty have been the subject of controversy 73 nina munk author of the 2013 book the idealist jeffrey sachs and the quest to end poverty says that sometimes good intentions have left people even worse off than before 74 75 stephan richter editor in chief at the globalist and james d bindenagel a former u s ambassador wrote that in his books and articles jeff sachs has done much to frame and popularize the language and thinking to push a sustainable development agenda on the world stage that is an achievement in which he can rightfully take considerable pride 76 sachs with brazilian economist aloizio mercadante in brazil may 23 2022 william easterly a professor of economics at new york university reviewed the end of poverty for the washington post calling sachs s p...