Sachs on private sector development in poor areas

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Jeffreysachs_2 In an interview with the Ivey Business Journal, Jeffrey Sachs talks about "clinical economics," corruption, business environment, social responsibility and natural resources in Africa:

[…] there are lessons about operations in very low-income settings. These things are typically very standardized. They depend often on mass production according to relatively straightforward technologies.

[…] Countries have learned, especially in the Asian experience, how to economize on infrastructure, for example, by concentrating industrial activities in industrial parks or export zones where basic infrastructure is guaranteed even when, at a country scale, it's far from adequate. So there are methods that have been developed very successfully to economize on the lack of economy-wide skills or economy-wide management or economy-wide infrastructure and those same lessons will surely apply in the African context

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