Summary of The Bottom Billion

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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.

 

Summary

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

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