The Bottom Billion by Paul Collier
- The Traps
- Conflict
- Natural resources
- Dutch disease – resource exports cause currency to rise in value, making export activities uncompetitive when those activities may be desired for development
- Landlocked with bad neighbors
- Increase neighborhood growth spillovers
- Improve neighbors’ economic policies
- Improve costal access
- Become a haven for the region
- Don’t be air-locked or e-locked
- Encourage remittances
- Transparent and investor-friendly environment for resources prospecting
- Rural development
- Try to attract aid
- Bad governance in a small country
- The Instruments
- Aid
- Military – serves four purposes
- Expelling an aggressor
- Restoration of order
- Maintaining post-conflict peace
- Preventing coups
- Laws and Charters
- Our (developed nations’) laws often affect problems in bottom billion countries
- Charter for natural resource revenues
- Charter for democracy
- Charter for budget transparency
- Charter for postconflict situations
- Charter for investment
- Agenda for Action
- “But do not think that just because your work is unconnected with development you are off the hook. You are a citizen, and citizenship carries responsibilities” (175-176).
- “The key obstacle to reforming aid is public opinion. The constituency for aid is suspicious of growth, and the constituency for growth is suspicious of aid” (183).
- Collier’s three central propositions (192)
- The development problem is new, and is tightly focused on the Bottom Billion
- The politics of the Bottom Billion is a “dangerous contest between moral extremes” – the main struggle comes from within those societies
- “We do not need to be bystanders” – Collier lays out his proposed interventions in the book