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When I was in high school, my economics class read
The End of Poverty by Jeffrey Sachs. The book is a passionate appeal to help those living in the worst poverty in the world. Sachs writes that we should not worry too much about the people in second-to-last place, such as the poorly paid workers in labor-intensive industries who were then the focus of considerable debate and activism on U.S. college campuses. Sweatshop workers, Sachs conceded, were on the bottom rung of the ladder. But subsistence farmers were not on the ladder at all. Once we helped them get a foothold, they could begin ascending from textiles all the way up to high tech. I internalized Sachsâs argument, sensing it would help me feel better about the world we live in.
It was April 1964, and a new military government had seized power in a coup d’état and removed Furtado from his government post, labeling him a communist. The invitation the journalist delivered was from Yale’s economics department, proposing that Furtado come spend the first year of his exile in New Haven as a visiting professor and scholar at the Economic Growth Center (EGC). Faced with the prospect of arrest for any public activity in Brazil over the next ten years and knowing that many of his former employees had already been detained, Furtado accepted Yale’s offer.
Early life and career in Brazil
By Lisa Qian
January 7, 2021
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Paul Kuznets (second from left) with colleagues from the Bank of Korea during the 1966-67 academic year as part of the Country Studies program. Photo courtesy Paul Kuznets.
United Nations consultant, algorithmic stock trader, chief economist of the Office of Management and Budget, Marxist theorist. These are just some of the jobs held by the alumni of the Country Studies program, the flagship research agenda of Yale’s Economic Growth Center (EGC).
When the EGC was founded in 1961, it sent 25 young economists into the field to gather data and write books on the economies of developing countries. But the impact of this effort, known as the Country Studies program, transcends the volumes that were ultimately published. The program shaped careers and networks that have been influential not just within academia, but also to governments, international o
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