Summary of The Bottom Billion

TED Conferences LLC, more...

Watch the video

The Bottom Billion summary
The US’s postwar treatment of Europe provides a precedent for developing the “bottom billion.”


8 Overall

10 Importance

8 Innovation

6 Style


Economist Paul Collier sheds light on a seemingly hopeless situation – the plight of the poor in developing countries. Collier’s lecture focuses on one simple solution – international standards regarding natural resource extraction and revenue management. getAbstract recommends his hopeful, enlightening oration to policy makers and aid workers.

In this summary, you will learn

  • How Western nations can help the world’s struggling “bottom billion,”
  • How “commodity booms” create opportunities for economic improvement, and
  • Why healthy governance and international standards are essential to long-term growth in developing nations.


Earth’s poorest economies have been stagnant for four decades. Their citizens – “the bottom billion” – are on a trajectory that diverges from the “rest of mankind.” How can rich societies encourage development in these nations? The answer lies in the
Get the key points from this video in less than 10 minutes. Learn more about our products or log in

About the Speaker

Economist Paul Collier is the director for the Center of African Studies at Oxford University.

Comment on this summary

More on this topic

By the same author

Customers who read this summary also read

More by category