Paul Collier — Improving Aid with Smarter Compassion
Oxford Economist, UK
The world is complicated, and so with the actions we take, we must be confident that that they’re going to help and not make things worse.
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Paul Collier—Oxford Development Economist
Paul Collier is Professor of Economics at Oxford University, a professorial fellow of St Antony’s College and Director of the Centre for the Study of African Economies. From 1998 to 2003 he directed the Development Research Group of the World Bank. He is widely known for three books: The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It; Wars, Guns and Votes: Democracy in Dangerous Places; and The Plundered Planet: Why We Must—and How We Can—Manage Nature for Global Prosperity.
Collier grew up in Sheffield, England and holds a Distinction Award from Oxford University. In 1988 he won the Edgar Graham Book Prize as co-author of Labour and Poverty in Rural Tanzania. His academic work has focused on economic growth in Africa, the economics of civil war, foreign aid, globalization and governance in low-income countries, particularly among democracies.
Paul Collier—The Aid Industry Neglects the Bottom Billion
Collier’s best known book, The Bottom Billion, focuses on the planet’s poorest billion people, concentrated largely in about sixty countries that have missed the global economic boom of the past half century. Collier argues that the foreign aid industry has by largely been ineffective when it comes to these countries, in part because helping the poorest countries is apparently far from their highest priority:
“Development biz is run by the aid agencies and the companies that get the contracts for their projects. They will fight this thesis with the tenacity of bureaucrats endangered, because they like things the way they are. A definition of development that encompasses five billion people gives them license to be everywhere, or more honestly, everywhere but the bottom billion. At the bottom, conditions are rather rough. Every development agency has difficulty getting its staff to serve in Chad or Laos; the glamour postings are for countries such as Brazil and China. The World Bank has large offices in every major middle-income country but not a single person resident in the Central African Republic. So don’t expect the development biz to refocus voluntarily.” (P. 4)
Paul Collier—Four Poverty Traps for Poor Countries
In The Bottom Billion, Collier describes four traps that stall development in the countries of the bottom billion:
- The Conflict Trap—War Breeds Poverty Breeds War Breeds …
- The Natural Resource Trap—Resource Wealth Can Actually Stunt Growth.
- Landlocked with Bad Neighbors—Location, location, location
- Bad Governance—Corrupt and incompetent political leaders can cripple an economy with alarming speed.