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.”