"The challenge in my country and SA is to clean up the politics" - economist

Professor Jeffrey Sachs, Director of the Earth Institute at Columbia University is widely considered to be one of the world’s leading experts on economic development, global macroeconomics, and the fight against poverty.

He spoke at the Old Mutual Wisdom Forum held recently in Joburg.

His work on ending poverty, overcoming macroeconomic instability, promoting economic growth, fighting hunger and disease, and promoting sustainable environmental practices, has taken him to more than 125 countries.

At the forum he was tasked with sharing his thoughts around the theme Is globalization crumbling?

Following the event, Eusebius McKaiser chatted to Sachs about politics and corruption - and what our immediate priorities should be for South Africa.

If I had to list South Africa's priorities, number 1 would be education. Number 2 would be education. Number 3 would be education.

Jeffrey Sachs, Director of the Earth Institute at Columbia University

Jeffrey Sachs (second from the right) appears on the Old Mutual Wisdom Forum panel with JP Landman (far left), Prof Mthuli Ncube and MC Eusebius McKaiser.

Sachs is known for his support of education as a development strategy.

He cites the example of Korea where over a mere 40 years the population moved from poverty to relative wealth. Interestingly, many of the success factors he quotes are widely available in South Africa!

Use every tool that you can find right now... online connected classrooms, quality teaching - to make sure that you get exceptional educational performance.

Jeffrey Sachs, Director of the Earth Institute at Columbia University

Asked about the recent US election, Sachs rather directs his disdain to a recent US Supreme Court decision abolishing limits on campaign donations... a handy thematic link into the subject of corruption.

The money in politics is terrible, because then Governments are not directed at education, healthcare, and good roads - they are directed at making money and at staying in power.

Jeffrey Sachs, Director of the Earth Institute at Columbia University

In previewing his message to the business executives present at the event, Sachs says an idyllic productive environment is only possible with responsible business, ethical tax paying consumers and where government allocates those taxes fairly.

We need fair societies that honestly pay the taxes and governments that deliver the goods.

Jeffrey Sachs, Director of the Earth Institute at Columbia University
Read More
We remember Ahmed Kathrada's emotional goodbye to Madiba

We remember Ahmed Kathrada's emotional goodbye to Madiba

As we pay tribute to Uncle Kathy, we remember when he shared his pain at his longtime friend's passing back in 2013.

This is not a drill, Zambian mining is set for growth (again)

This is not a drill, Zambian mining is set for growth (again)

The message to Nikiwe Bikitsha - coming from Zambia's Minister of Mines and Mineral Development - is a clear one.

Survivors and thriver businesses welcomed for Nedbank Business Accelerator

Survivors and thriver businesses welcomed for Nedbank Business Accelerator

Now’s the time to introduce your fast growing business to the world, with the help of Pavlo Phitidis.

Upwards and upwards for Heineken in Cote d'Ivoire

Upwards and upwards for Heineken in Cote d'Ivoire

Nikiwe chats to Brassivoire brewery GM Alexander Koch about their new beer brand's growth in Abidjan.

Advancing Africa in a sustainable way: Meetings Africa

Advancing Africa in a sustainable way: Meetings Africa

Meetings industry professionals are partnering to better showcase Africa’s diverse business events and tourism offering.

Meet Romeo Kumalo, the adventurous venture capitalist

Meet Romeo Kumalo, the adventurous venture capitalist

Romeo Kumalo chats to Nikiwe Bikitsha about the importance of rekindling the spirit of entrepreneurship for future generations.

Popular articles
It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

What does funny-man Marc Lottering fear (and love, and hope for…) about money?

What does funny-man Marc Lottering fear (and love, and hope for…) about money?

Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money. Enter Marc Lottering…

William Kentridge (world-renowned South African artist) opens up about money

William Kentridge (world-renowned South African artist) opens up about money

Bruce Whitfield interviews one of our most beloved artists of all time about his money hopes, fears, successes, failures, etc.

NSFAS to reopen 2017 applications

NSFAS to reopen 2017 applications

National Student Financial Aid Scheme says it will reopen 2017 loan applications after receiving requests for deadline extension.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

5 advantages of leasing instead of owning a car (lower monthly payments!)

5 advantages of leasing instead of owning a car (lower monthly payments!)

Want (or need) a new car? Dale Scorer (a wealth manager at AlphaWealth) reckons you should consider leasing.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?