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The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It

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  • Collier, Paul

    (Professor of Economics and Director of the Centre for the Study of African Economies at Oxford University. Former Director of the Development Research group at the World Bank)

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    Abstract

    In this elegant and impassioned synthesis from one of the world's leading experts on Africa and poverty, economist Paul Collier writes persuasively that although nearly five billion of the world's people are beginning to climb from desperate poverty and to benefit from globalization's reach to developing countries, there is a "bottom billion" of the world's poor whose countries, largely immune to the forces of global economy, are falling farther behind and are in danger of falling apart, separating permanently and tragically from the rest of the world. Collier identifies and explains the four traps that prevent the homelands of the world's billion poorest people from growing and receiving the benefits of globalization - civil war, the discovery and export of natural resources in otherwise unstable economies, being landlocked and therefore unable to participate in the global economy without great cost, and finally, ineffective governance. As he demonstrates that these billion people are quite likely in danger of being irretrievably left behind, Collier argues that we cannot take a "headless heart" approach to these seemingly intractable problems; rather, that we must harness our despair and our moral outrage at these inequities to a reasoned and thorough understanding of the complex and interconnected problems that the world's poorest people face.

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    Bibliographic Info

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    This book is provided by Oxford University Press in its series OUP Catalogue with number 9780195374636 and published in 2008.

    ISBN: 9780195374636
    Order: http://ukcatalogue.oup.com/product/9780195374636.do
    Handle: RePEc:oxp:obooks:9780195374636

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    Cited by:
    1. Romain Houssa & Oleg Badunenko & Daniel J. Henderson, 2010. "Explaining African Growth Performance: A Production-Frontier Approach," Working Papers 1013, University of Namur, Department of Economics.
    2. Baddeley, M.C., 2008. "Poverty, Armed Conflict and Financial Instability," Cambridge Working Papers in Economics 0857, Faculty of Economics, University of Cambridge.
    3. Tierney, Michael J. & Nielson, Daniel L. & Hawkins, Darren G. & Roberts, J. Timmons & Findley, Michael G. & Powers, Ryan M. & Parks, Bradley & Wilson, Sven E. & Hicks, Robert L., 2011. "More Dollars than Sense: Refining Our Knowledge of Development Finance Using AidData," World Development, Elsevier, vol. 39(11), pages 1891-1906.
    4. Olivier C. Sterck, 2014. "Natural resources and the spread of HIV/AIDS: curse or blessing?," CSAE Working Paper Series 2014-12, Centre for the Study of African Economies, University of Oxford.
    5. Ewout Frankema & Marlous van Waijenburg, 2011. "Structural Impediments to African Growth? New Evidence from Real Wages in British Africa, 1880-1965," Working Papers 0024, Utrecht University, Centre for Global Economic History.
    6. Sud, Nikita, 2014. "Governing India’s Land," World Development, Elsevier, vol. 60(C), pages 43-56.
    7. Jansen, Jaap C. & Seebregts, Ad J., 2010. "Long-term energy services security: What is it and how can it be measured and valued?," Energy Policy, Elsevier, vol. 38(4), pages 1654-1664, April.
    8. Armey, Laura E. & McNab, Robert M., 2012. "Democratization and civil war," MPRA Paper 42460, University Library of Munich, Germany.
    9. Radha Iyengar & Jonathan Monten & Matthew Hanson, 2011. "Building Peace: The Impact of Aid on the Labor Market for Insurgents," NBER Working Papers 17297, National Bureau of Economic Research, Inc.

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