These countries easily and painfully slip back due to the wars. Similarly, years after the war or coups are extremely delicate and fragile. The wars are extremely costly and incur large economic costs to these nations.
These wars eat too much into funds that would have been directed to other sectors of the economy for development.
There are persistent civil wars and repeated military coups in these nations. He outlines the following as his reasons for stagnancy. In his examination of the causes of poverty level among the bottom billion, he says that these people are concentrated in Africa and central Asia. Paul Collier believes that these people are trapped. He puts forward solutions both to the developing countries and the western powers over what he feels should be done to pull these people out of poverty. The poverty syndrome has defeated them and, therefore, a new prescription has to be found. The methods have seemingly failed to work. These developed nations and the aid agencies must shift from the traditional approaches of poverty alleviation. He argues that they have to do much more than giving them money. The percentage of children who do not live to see their first birthday now stands at fourteen percent in comparison with a four percent in developed countries.Ĭollier explains how the western governments give misplaced assistance to the poor nations. Life expectancy has sharply dropped to forty years as compared to sixty-seven years in the stable nations. Their living standards are plundering when the living standards of other people in other nations are improving. Some of this people have never felt the impact of foreign aid.Īccording to him, these people are trapped in poverty. He points out that, in more than fifty-eight countries, there are an approximated one billion people who seem to be irredeemably stuck in poverty. The citizens of these countries continue to live in abject poverty in spite of the international aid.
In his book, Collier explores the reasons behind persistent poverty in developing countries. The Bottom Billion was authored by Paul Collier and was published in two 2007.
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