The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It
In the universally acclaimed and award-winning The Bottom Billion, Paul Collier reveals that fifty failed states--home to the poorest one billion people on Earth--pose the central challenge of the developing world in the twenty-first century. The book shines much-needed light on this group of small nations, largely unnoticed by the industrialized West, that are dropping further and further behind the majority of the world's people, often falling into an absolute decline in living standards. A struggle rages within each of these nations between reformers and corrupt leaders--and the corrupt are winning. Collier analyzes the causes of failure, pointing to a set of traps that ensnare these countries, including civil war, a dependence on the extraction and export of natural resources, and bad governance. Standard solutions do not work, he writes; aid is often ineffective, and globalization can actually make matters worse, driving development to more stable nations. What the bottom billion need, Collier argues, is a bold new plan supported by the Group of Eight industrialized nations. If failed states are ever to be helped, the G8 will have to adopt preferential trade policies, new laws against corruption, new international charters, and even conduct carefully calibrated military interventions. Collier has spent a lifetime working to end global poverty. In The Bottom Billion, he offers real hope for solving one of the great humanitarian crises facing the world today.
"Set to become a classic. Crammed with statistical nuggets and common sense, his book should be compulsory reading."
"If Sachs seems too saintly and Easterly too cynical, then Collier is the authentic old Africa hand: he knows the terrain and has a keen ear.... If you've ever found yourself on one side or the other of those arguments--and who hasn't?--then you simply must read this book."
--Niall Ferguson, The New York Times Book Review
"Rich in both analysis and recommendations.... Read this book. You will learn much you do not know. It will also change the way you look at the tragedy of persistent poverty in a world of plenty."
Reviews from Goodreads.com
Trapped at the bottom of the economic ladder
Per capita income, GDP, what does it matter?
A failing state after four years or more of stagnation,
Often includes bad governance, conflict & hyperinflation,
Natural resource sh... ...more
Lacks critique of objections to his proposed solutions
Lacks evidence--debunks failed policies based on his word with no supporting evidence
Fails to address health and education issues
Obvious bias towards capitalism and free market economies being the solution to world problems
-This book analyzes scientifically... ...more
While I have no doubt that his research has produced some fruitful insights into poverty, I don't think his book is the amazing must-read developmen... ...more
“The countries of the bottom billion are not there to pioneer experiments in socialism; they... ...more