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"The basic idea was that if a country would put its economy as an integrated piece of the world system, that it would benefit from that with economic growth. I concur with that basic view."
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Exlpore more Creativity quotes
"You would be amazed by how I can torture the English language. I am an abusive lover."
"Imagination is phenomenal."
"The future is created by those who have a great imagination and the will to make it a reality by their actions."
"Develop your own skills and styles. In music, designing, electronics, etc., you may have a peculiar way of exposing your dreams in an uncommon way."
"A creative mind is a spark of divinity."
"Flawed genius is better than flawless talent."
"People have many cruel expectations from writers. People expect novelists to live on a hill with three kids and a spouse, people expect children's story writers to never have sex, and people expect all great poets to be dead. And these are all very difficult expectations to fulfill, I think."
"I write to fill my mind with the ecstasy of life."
"If imagination is your wealth, then ideas are your abode."
Explore more quotes by Jeffrey Sachs
"We've taken the view that if the rest of the world would democratize and create market economies, that would spread the benefits of prosperity around the world, and that it would enhance our own prosperity, and our own stability and security, as well."
"In the early 1990s, when a lot of the developing world opened up to international capital flows... they ended up in very good long-term projects, but projects that weren't going to pay off for five or 10 or 20 years."
"If we did go into a recession, something that's always possible for the U.S. or Europe, we could lower interest rates and expand the money supply without worrying about the price of gold."
"In Asia, a lot of successful economies that had been living on their own saving, decided to open up their financial markets to international capital in the early 1990s. So here were countries doing quite well, but they decided they'd borrow a bit more and do even better."
"Unfortunately, the real focus in this country has not been on the rest of the world. It's been on our own issues and our own problems. Fair enough. But it means that our simple hopes that everything will just work out abroad aren't really coming to pass."
"If you have a lot of short-term debt, it means that all of that money can be demanded in a very short period of time. Technically, short-term debt means money that's coming due within a year. Typically, it means money that's coming due within 30 to 90 days."
"We're going to have to forgive a great deal of the Soviet era debt. There's no question about that. Let's face up to that. We're going to have to put in money if Russia is really going to consolidate a democracy."
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