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The Bottom Billion by Paul Collier
The Bottom Billion by Paul Collier





If you care about the fate of the poorest people in the world, and want to understand what can be done to help them, read this book. His book should be compulsory reading for anyone embroiled in the thankless task of trying to pull people out of the pit of poverty." - The Economist "It will change the way you look at the tragedy of persistent poverty in a world of plenty." - Martin Wolf, Financial Times In this elegant and impassioned synthesis from one of the worlds leading experts on Africa and poverty, economist Paul Collier writes persuasively that although nearly five billion of the worlds people are beginning to climb from desperate poverty and to benefit from globalizations reach to developing countries, there is a 'bottom billion' of. read this book." - Martin Wolf, Finacial Times rich in both analysis and recommendations.

The Bottom Billion by Paul Collier

"This extraordinarily important book should be read by everyone who cares about Africa." - Max Hastings, Sunday Times "This is a short book, but one which brilliantly challenges conventional views about development and aid." - Nick Rennison, Sunday Times "Every politician should read this." - Simon Shaw, Mail on Sunday

The Bottom Billion by Paul Collier

"There are hundreds of books on development but none as well written and authoritative as Paul Collier's 'The Bottom Billion'" - Edmund Conway, Daily Telegraph "Every politician should read this." - Simon Shaw, Irish Mail on Sunday. "Rarely can a book on this subject have been such a pleasurable read." - David Smith, The Observer

  • Stabilisation Fund / Sovereign Wealth Fund – e.g."Fluent, thought-provoking book." - David Smith, The Observer.
  • The Bottom Billion by Paul Collier

  • Better government – including more transparency & accountability to tax payers.
  • Which strategies might help to overcome these problems? “Although large deposits of key resources such as oil would usually be considered a blessing for the development prospects of a country, it often turns out to be a ‘resource curse’”
  • Rising prices can lead to a currency appreciation – damaging domestic industries.
  • Danger of over-rapid extraction of finite and renewable resources.
  • Vulnerability to changes in world prices which causes high levels of macro volatility.
  • Risk of political conflict and corruption / conflict / land grabs.
  • The natural resource trap or resource curse can come about for a variety of reasons: This is a crucial issue for many countries who are blessed with a strong endowment of natural resources. Some landlocked countries have been doing well especially when they achieve regional economic integration with other land-locked nations Land locked economies face particular challenges to integrate in global trade – without good infrastructure and efficient logistics businesses it can be difficult, costly and slow to get products to the countries of trade partners He identifies four “development traps” - they are conflict, reliance on natural resources, being landlocked with bad neighbours, and bad governance.

    The Bottom Billion by Paul Collier

    Professor Paul Collier finds that the living standards of the world's bottom billion have stagnated over the past forty to fifty years.







    The Bottom Billion by Paul Collier