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Sachs is the Galen Stone Professor of International Trade at Harvard University and a research associate of the National Bureau of Economic Research. He serves as an economic advisor to governments in Latin America, Eastern Europe, the former Soviet Union, Asia and Africa, and has been a consultant to the World Bank, the International Monetary Fund and the United Nations Development Program. From 1986-90, Sachs served as an advisor to Bolivia, helping that country design and implement a program that stabilized inflation from 40,000 percent per year to the current rate of 10 percent. In 1989, he advised Poland's Solidarity movement on economic reforms and then assisted Poland's first post-communist government in the introduction of radical economic reforms. He led a team of economic advisors assisting Boris Yeltsin, helping Russia to deal with privatization, market liberalization, and international financial relations.