Jeffrey Sachs

computers, the Internet, and mobile telephony ushered in by the digital electronic age;

Our main challenge is to harness the new globalization. We must find new ways to live efficiently, fairly, and sustainably in a very crowded and tightly interconnected world.

first is that monetary policy cannot solve America’s employment problem.

second lesson is that ignorance or neglect of globalization repeatedly comes back to haunt us.

countries lose in the end, since all end up losing the tax revenues and regulations needed to manage the economy. The

Yet the gains are likely to be distributed unevenly within the high-income economies.