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The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It

This book delves into the complexities of poverty in the least developed nations, analyzing the root causes of their economic struggles and proposing actionable strategies for international aid and development. more

Author

Paul Collier
Paul Collier

Paul Collier, born on April 25, 1953, is a renowned British economist. He holds the position of professor at the University of Oxford, focusing on development economics and international relations. Collier's research delves into issues of poverty, conflict, and inequality, and his works have had a broad impact in both academic and public circles. more

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“Ард түмэн үхрийн мах худалдан авч чадахгүй байна, гэтэл архи түүнээс нь хямдхан байдаг, чухам иймээс л, орос эрчүүд ядуурлаас болж архи ууцгааж байна! Ард түмэн ном худалдан авч чадахгүй байна, яагаад гэвэл зах дээр Гоголь, Белинскийн аль нь ч байхгүй, харин хямд архи л дүүрэн бий, чухам иймээс л орос эрчүүд боловсролгүй бүдүүлгээсээ болж ууж байна. Дмитрий Писарев”

Poverty
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“This is the basis for the most important critique of microfinance. The poor are not entrepreneurs. The idea that more than a few will turn tiny loans into a viable business is simply unrealistic.”

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“Suppose a country starts its independence with the three economic characteristics that globally make a country prone to civil war: low income, slow growth, and dependence upon primary commodity exports. It is playing Russian roulette. That is not just an idle metaphor: the risk that a country in the bottom billion falls into civil war in any five-year period is nearly one in six, the same risk facing a player of Russian roulette.”

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Book:The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It
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“En el aspecto social, la inclusión es el principio básico. Nuestro lema son los pobres primero y para los pobres los mejores instrumentos, los mejores maestros, las mejores infraestructuras. La cultura para los pobres no puede ser una pobre cultura. Debe ser grande, ambiciosa, refinada, avanzada, nada de sobras. Además, ellos multiplican su efecto, porque son enormemente agradecidos ante el esfuerzo. No es práctico incorporar a su vida esa faceta como si fuera un florero.”

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“Last year I pledged to give the majority of my wealth back to the society that helped generate it, to do it thoughtfully, to get started soon, and to keep at it until the safe is empty. There's no question in my mind that anyone's personal wealth is the product of a collective effort, and of social structures which present opportunities to some people, and obstacles to countless others.”

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“Death by Starvation or Boredom” Many toil for scraps and cheap wages, surviving one fragile breath at a time— just one more breath... While others, bloated with excess, labor only to escape boredom, pretending they’re saving a world drowning in the greed they created, and the power they refuse to let go. The first walks a tightrope between breath and hunger. The second, cushioned by comfort, drifts closer to spiritual starvation, their soul numbed by excess. And here lies the cruel symmetry— fate, with its blunt hands, levels the field by offering death either way: starvation... or boredom. But the greatest tragedy belongs to those who die of both.”

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