Final answer:
Jeffrey Sachs argued that various factors can have an impact on economic development, including globalization, trade liberalization, challenges like difficulties in acquiring international loans and corruption, and the impact of war. Population trends and labor also play a significant role in economic development.
Step-by-step explanation:
Jeffrey Sachs argued that various factors can have an impact on economic development. These factors include globalization and trade liberalization, which have increased since the 1990s and have resulted in billions of dollars added to GDP growth for both developed and developing countries.
However, there are also challenges that can hinder economic development, such as difficulties in acquiring international loans, capital flight, corruption in government and economy, and the impact of war. Additionally, population trends and labor are closely tied to economic development, and changes in population can affect GDP and overall quality of life of a country.