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Why we need a different system of global development — Jeffrey D. Sachs

In Pursuit of Development

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The Rich Are Hoarding Everything

My criticism was not really directed at the private sector per se. It was directed mostly at governments, in fact. We negotiate words, commitments that then aren't honored. And indeed, most of what is done is prevarication so that those words are not fulfilled. The global system commits certain sums, for example, hundred billion dollars per year, minimum by 20 20 for climate action in developing countries. Then there's no real effort to determine how that funding is going to be reached or monitored. In otherwords, the the words are put forward, and then nothing is done to back them up.

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