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Commentary

Nature 457, 958 (19 February 2009) | doi:10.1038/457958a; Published online 18 February 2009

Open Innovation Challenges

Recession Watch: Boost the developing world

Jeffrey Sachs1

  1. Jeffrey Sachs is director of the Earth Institute at Columbia University, New York, USA and author of Common Wealth: Economics for a Crowded Planet (2008).
    Email: sachs@columbia.edu

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Directing finance into sustainable infrastructure in the poorest countries helps the whole world, says Jeffrey Sachs.

The economic crisis that originated in the consumption boom and bust of the United States and Europe has quickly spread, and is now hitting developing countries hard. This requires urgent global attention: inhabitants of poor countries lack the personal and societal buffers that enable those in richer countries to weather the economic storm that they have created.