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In The Bottom Billion, Paul Collier reveals that fifty failed states—home to the poorest one billion people on Earth—pose the central challenge of the developing world in the twenty-first century. The book shines much-needed light on this group of nations, describing the sobering reality of their predicament and why they have been unable to catch up with the rest of the world. Collier argues that these countries are caught in one or more of four 'traps': the conflict trap, the natural resources trap, the trap of being landlocked with bad neighbors, and the trap of bad governance in a small country. He offers a realistic, bold, and practical set of solutions for the international community to help these nations escape their poverty.
Why do some nations remain trapped in poverty despite decades of international aid and global economic growth? Paul Collier, a professor of economics at Oxford University, utilizes his extensive research and experience as a former director of the World Bank's Development Research Group to analyze the structural failures of the world's poorest countries. He argues that traditional aid models are insufficient and proposes a new framework involving trade policy, international law, and military intervention to address the specific traps that keep these nations stagnant.
What You Will Find
Economists and policy analysts frequently cite this work as a foundational text for understanding the complexities of modern development economics. Readers often note the accessible yet rigorous nature of the prose, which balances academic depth with practical policy recommendations for global leaders.
Page Count:
0
Publication Date:
2022-01-01
Publisher:
Oxford University Press, USA
ISBN-10:
0198092350
ISBN-13:
9780198092353
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