The Bottom Billion By Paul Collier
About Book
About one billion people around the globe live in persistent poverty—in countries where the economy is constantly struggling and incomes are stagnant or shrinking. In The Bottom Billion, British economist Paul Collier argues that traditional economic theories and development aid programs have paid too little attention to these countries," instead focusing on emerging markets that don’t require help from the West to grow.
The “bottom billion” are stuck in “poverty traps,” and will stay stuck, unless governments, aid agencies, international organizations, and private charities work together to craft policies to help them overcome these traps.
In this guide, we'll explore Collier's four traps and his four remedies, compare his views to those of other economists and policymakers, and examine how conditions for the bottom billion have changed since the book’s publication.
