This surprised me, It seems that I’m swinging between feelings of how easy and hard achieving the MDGs\u00a0 is.<\/p>\n
01 October 2008
\nWhat could a development economist buy for $700 billion?<\/strong>
\nDuncan Green puts the bailout in an international perspective:
\nTo put the proposed Wall Street bailout into perspective. $700bn:
\n* Would clear the accumulated debt of the 49 poorest countries in the world ($375bn) twice over
\n* Is almost 5 times the annual amount of extra aid needed to achieve all the Millennium Development Goals on poverty, health, education etc ($150bn a year)
\n* Is about 7 years of current global aid levels ($104bn in 2007)
\n* Is enough to eradicate all world poverty for over two years (UNDP calculates it would take $300bn to get the entire world population over the $1 a day poverty line).
\nOn the other hand it\u2019s:
\n* only a quarter of the cost of the Iraq war ($3 trillion on Joseph Stiglitz\u2019 calculation )
\n* a half of annual global military spending ($1339 bn)
\nChris Blattman’s Blog: What could a development economist buy for $700 billion?<\/a>.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"This surprised me, It seems that I’m swinging between feelings of how easy and hard achieving the MDGs\u00a0 is. 01 October 2008 What could a development economist buy for $700 billion? Duncan Green puts the bailout in an international perspective: To put the proposed Wall Street bailout into perspective. $700bn: * Would clear the accumulated … <\/p>\n