Abstract
Many theories have tried to explain why some countries fail to thrive economically. These theories have often focused on one aspect of each country to explain poverty on the basis of geography, political stability or lack of institutions. We will try, in this study, to explain why markets in developing countries have trouble growing in several dimensions at the same time and not only in one or two aspects. To do so, we will discuss the multi-dimensional explanation of poverty in Jeffrey Sachs' book, ?The End of Poverty: Economic Possibilities for Our Time'. In the first part, we will present the key elements that Sachs points out to explain poverty. We will determine if they are all equally relevant or if some of them are more important than the others. In the second part, we will analyze this theory through the example of Bolivia, a developing country which presents several points of interest concerning its geographical situation, its political instability and its low growth rate compared to its closest neighbors.
