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The Bottom Billion
Book

The Bottom Billion

Why the Poorest Countries are Failing and What Can Be Done About It

Oxford UP, 2007 mais...


Editorial Rating

9

Qualities

  • Innovative

Recommendation

getAbstract finds that this concise, clearly written and hard-hitting book by Paul Collier, one of the world’s leading experts on Africa, is a must-read for anyone concerned with development, economic justice, trade, immigration, terrorism and related issues. The author has scant patience with sacred cows of either the right or the left. He penetrates the fictions and fantasies that have helped drive not only unproductive but actually counterproductive policies on aid, trade, investment and more. The book is enlightening, and entertaining in the way that good satire is entertaining. It is also inspiring, since Collier goes beyond merely identifying problems: He offers credible suggestions for solutions.

Take-Aways

  • Countries at the bottom of the development scale have not only failed to grow; they have actually regressed.
  • They are caught in one or more of four major traps that lock them in poverty.
  • The traps are: “The Conflict Trap,” “The Natural Resource Trap,” “Landlocked with Bad Neighbors” or “Bad Governance in a Small Country.”

About the Author

Paul Collier is professor of Economics and director of the Centre for the Study of African Economies at Oxford University. Formerly director of development research at the World Bank, he also wrote Breaking the Conflict Trap.


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