"Jeffrey Sachs thought he could fix poverty and so forth, but then what he did is basically set up a village, what they would call the millennium development villages. And there they just went on to basically do a very top down type of approach to economics. Eventually what happened is they went nowhere and things started rotting all over the place. All of this stuff that they spent millions of dollars on. And by the way, an entrepreneur would've probably produced the same, better quality, cheaper, and still be able to sell it, but they had nothing to show for it. That's the mentality of people like that."
Quote Details
Added by wikiquote-import-bot
Unverified quote
0 likes
Original Language: English
Available Languages (1)
Sources
Imported from EN Wikiquote
https://en.wikiquote.org/wiki/Magatte_Wade
Revision History
No revisions have been submitted for this quote.
Categories
Magatte Wade
Magatte Wade is a Senegalese entrepreneur who was raised in France. She gained initial fame for a TEDTalk she made in 2017 about what she argues is an excessive regulatory environment in Africa, which forces young Africans to emigrate for economic reasons.
7 quotes on TrueQuotesView all quotes by Magatte Wade →
Related Quotes
"To me it's just not understanding the way the world works and not understanding economics. It's not really rocket sci…"
"Life is made of tradeoffs. But when it comes to foreign aid, I think people only look at supposedly the little wins i…"
"Let me talk about the costs. Because of this road, I have a culture of dependency that keeps on being ingrained in my…"
"This road came because of foreign aid. Foreign aid came to us because supposedly we're poor. Our governments are lite…"
"Now, I would like to tell people, why do you think we are in that situation? Why do you think that we're poor in the …"
"So for that road, I get a generation of young people behaving this way, which cannot operate in the market. For that …"