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