The Bottom Billion
Why the Poorest Countries are Failing and What Can Be Done About It
by:
Paul Collier
Summary:
The book analyzes the reasons behind the entrenched poverty of approximately one billion people in the world's poorest countries, identifying factors such as conflict, natural resource dependence, and poor governance. It proposes a series of solutions, including targeted aid, military interventions, and international policies, to help these countries break the cycle of poverty and integrate into the global economy.
Key points:
1. The Traps: Paul Collier identifies four traps keeping the poorest countries poor: conflict, natural resource mismanagement, being landlocked with bad neighbors, and poor governance. These traps often worsen each other, making escape difficult.
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