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

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

by Paul Collier (Author)
4.5 out of 5 stars  See all reviews (2 customer reviews)
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Product Description

Review

A must-read for anyone who has tired of the emotionalism of the Geldof-Bono aid brigade. Michela Wrong, New Statesman Books of the Year An important book. Max Hastings, The Guardian Important and provocative. Sunday Times Important new book... compelling. New Statesman d Set to become a classic... his book should be compulsory reading for anyone embroiled in the hitherto thankless business of trying to pull people out of the pit of poverty. The Economist Collier's is a better book than either Sachs's or Easterley's for two reasons. First, its analysis of the causes of poverty is more convincing. Second, its remedies are more plausible. Niall Ferguson, International Herald Tribune This extraordinarily important book should be read by everyone who cares about Africa, but who recoils from the egotism and self-indulgence of Comic Relief and Live Aid. Max Hastings, Sunday Times Review It is time to dispense with the false dichotomies that bedevil the current debate on Africa. 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 Powerful...This important book wants citizens of G8 countries to fight for change. Heather Stewart, Economics Editor, The Observer This is an arresting, provocative book. If you care about the fate of the poorest people in the world, and want to understand what can be done to help them, read it. If you don't care, read it anyway. Tim Harford, Financial Times columnist and author of The Undercover Economist A splendid book... 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. Martin Wolf, Financial Times [a] significant contribution... a good and helpful book. Collier uses his basic insight to challenge the conventional wisdom of both Left and Right. Edward Hadas, TLS A path-breaking work providing penetrating insights into the largely unexplored borderland between economics and politics. George Soros Paul Collier brilliantly anatomises the true causes of Africa's post-colonial failure. Niall Fergusson, Sunday Telegraph Paul Collier's book is of great importance. He has shown clearly what is happening to the poorest billion in the world, why it is happening and what can be done to open up greater opportunities for them in a world of increasing wealth. His ideas should be at the centre of the policy debate. Sir Nicholas Stern, Head of the UK Government Economic Service A good and helpful book. Collier uses his basic insight - that the poor are in a very different situation from the rest of the world - to challenge the conventional wisdom of both the Left and the Right. Edward Hadas, TLS A powerful book. New Zealand Herald


Review

"The best book on international affairs so far this year."--Nicholas D. Kristof, The New York Times

"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. As Collier rightly says, it is time to dispense with the false dichotomies that bedevil the current debate on Africa. 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

"Workable development ideas are hard to find, but Professor Collier may have identified the next frontier for positive change."--Tyler Cowen, The New York Times

"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."--Financial Times

"One of the most engaging and provocative books on development to appear in a long time. His analyses and proposals--delivered, by the way, in prose unusually good for an author who happens to be an economist--are sound and should be embraced by people who care and can do something about the poorest of the world." --Ernesto Zedillo, former president of Mexico and director of the Yale Center for the Study of Globalization

"This is an arresting, provocative book, written by an expert in plain English. If you care about the fate of the poorest people in the world, and want to understand what can be done to help them, read it. If you don't care, read it anyway."--Tim Harford, Financial Times columnist and author of The Undercover Economist

"Paul Collier's book is of great importance. He has shown clearly what is happening to the poorest billion in the world, why it is happening and what can be done to open up greater opportunities for them in a world of increasing wealth. His ideas should be at the centre of the policy debate."-Sir Nicholas Stern, Professor at the London School of Economics, Former Chief Economist of the World Bank, and author of The Stern Report on Climate Change

"This is a path-breaking work providing penetrating insights into the largely unexplored borderland between economics and politics."--George Soros

"With compassion annealed by smarts; irony softened by warmth; and a commitment to penetrate to the core of things, Collier picks up the tools of economics and forthrightly applies them to the politics and economics of the developing world. Accessible and refreshing, this books provides a blunt and no-nonsense look at a major issue of our times."--Robert H. Bates, Eaton Professor of the Science of Politics, Harvard University

"Professor Collier has a superb and provoking synthesis of the forces and circumstances trapping a billion people in desperate conditions and poverty. For those of us who feel called to serve in the world's most crushing situations, Paul's book is stark affirmation that being there matters. And that it is time for the world community to act in coherent and different ways to bring essential change and hope for the generations to come."--David Young, Senior Vice President, Integrated Ministries and Strategy, World Vision International

Inside This Book (Learn More)
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Front Cover | Copyright | Table of Contents | Excerpt | Index
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12 of 14 people found the following review helpful:
5.0 out of 5 stars Summarizes Statistical Studies of Factors Affecting Incomes for People in the Poorest Countries, Nov 27 2007
Are you troubled by the grinding poverty in the poorest countries? If so, this book will give you hope that something more can be done.

How can a global economy that routinely produces new billionaires leave a billion people behind in countries where the economic prospects are bleak despite enormous spending aimed at turning things around? Obviously, the remedy isn't working. You could have figured that out for yourself without reading this book.

Professor Paul Collier takes us beyond that disquieting simplification to measure what some of the reasons are that contribute to the stalled economies in those countries (which are mostly located in sub-Saharan Africa and central Asia) where a billion people live.

The primary factors that he can isolate include frequent armed conflicts (coups, civil wars, and wars with other countries), producing high value natural resources that can be easily exported, having no access to the oceans while being surrounded by neighboring countries having a lot of problems, and poorly performing government in a small country. Armed conflicts not only take a lot of lives and do a lot of damage; armed conflicts drive people into new areas creating enormous dislocations and increased disease. Armed conflicts interrupt the ability to run a farm, a business, or to have a normal life. High value exports encourage those in government to seek payoffs from the exports while the exports drive up the value of the currency making local businesses less competitive with imports. If you are surrounded by bad neighbors, you cannot do much exporting or importing so your economy is stuck where it is. A poorly performing government simply siphons off funds into corruption.

If a poor country overcomes these problems, it has new issue: There may not be a local size sufficient to compete with other low-cost labor markets in global exports.

Give a country too much aid of the wrong kind, and you make things worse. Excess infrastructure aid (a current favorite among developed countries) leads to corruption and more spending on the military (which increases the risk of armed conflicts). Military intervention is only cost effective if those who are the peace keepers are serious and the spending is low (unlike Iraq). Laws and charters can provide guidelines that can make the subsequent actions more appropriate. Appropriate trade policies can also help open markets for those from the poorest countries.

The book concludes with a call to action to shift development spending from the middle four billion to the bottom billion while increasing reliance on influences other than sending money for aid.

I appreciated having the chance to read this book and recommend it to those who want to know what can be done to help the poorest people. I would have learned more if Professor Collier had shared more details of his research, rather than just citations of his academic works. I was particularly interested in how strong these statistical patterns are. I was also curious about the multivariate effect of these factors in the past.

I have a lot of admiration for the hard work that goes into assembling data to do this kind of work and to then find ways to draw conclusions from the data that make sense. Bravo to Professor Collier and his colleagues!

At the same time, I would encourage serious readers to also look at the problem from the ground up . . . what educated people who live in these countries can do to make things better for the most impoverished. I am highly encouraged by the work that some of my students have done in identifying how small educational and capital inputs can generate enormous numbers of successful entrepreneurs who need employees. Many of these nations lack an educational infrastructure that can produce the skilled labor and business leadership needed for rapid economic growth. It looks to me like working on providing such advanced educational opportunities could be a great way to attack these persistent problems, as well.



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2 of 4 people found the following review helpful:
4.0 out of 5 stars Can be read on a beach!, Mar 12 2009
By René H. (Québec, Canada) - See all my reviews
This is a very interesting and educating book on poverty and its roots. It provide full of exemple and situation using 4 main problematic causes of poverty in Africa. Easy to read!
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