Most development spending attains peace over trlns of dollars for military (2)

09:32, June 24, 2010      

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"Armies cannot bring sustainable peace," Sachs said. "Only development can and development is an effort that must be targeted and focused with investments, with the power, with roads, with clinics with schools, with water, with agriculture investments."

"Those are investments that fortunately are at a fraction of the cost of what we routinely spend on the military," he continued. "If we went the way of peace we would save a lot of money and we' d get much better results."

Sachs also showed how little of global funds are targeted to development.

The UN Millennium Project believes its eight goals can be reached by 2015 if nations allocate 0.7 percent of their gross national product to Official Development Assistance.

"What does it mean 0.7 percent?" the professor asked. "It means 70 (U.S.) cents out of every 100 (U.S.) dollars. So people should understand we are talking about something very, very, very modest. What it means is a solution to extreme poverty."

"If we actually did what we said what we would do, extreme poverty could be ended and all of this agony where we end up spending trillions of dollars in these wars in extremely poor places would be alleviated through simple, direct investments to help people to have enough food, to have a livelihood, to have a place for their children in school, to have clinics," Sachs said. "That's what this is about."

Source: Xinhua
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