Chinas lessons for the World Bank | Comment is free...
Rated • 3 reviews • economics, china, globalization • guardian.co.uk
in the Guardian and the Economist's View by Jeffrey SachsAs the World Bank clings to its free-market ideology, China is providing more practical help for developing countries.
... In a hungry and poor rural economy, as China was in the 1970s and as most of Africa is today, a key starting point is to raise farm productivity. Peasant farmers need the benefits of fertiliser, irrigation, and high-yield seeds, all of which were a core part of China's economic takeoff.
What strikes me is not the content of Sachs argument, that I find right on the mark, but the comments that follow his article. Those comments are filled with rage at Sachs finding something positive to say about China and with formalist arguments about democracy. Another striking observation is that those comments all originate from Anglo-Saxon lands.
Time has come for some comments by people representing 85% of the world population stuck in the non-industrialized lands of the South...

