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- W2257918319 abstract "A noted scholar of fragile states and of African economies, Paul Collier, argues that the appropriate focus for today's development effort is those countries whose residents have experienced little, if any, income growth over the 1980s and 1990s. On his reckoning, there are just under 60 such economies, home to almost 1 billion people. Collier argues the plight of the 'bottom billion' is that they are caught in one (or often several) of four traps; (i) conflict; (ii) mismanaged dependency on natural resources; (iii) weak governance in a small country; and (iv) economic isolation among other very poor economies, with access to big markets available only at high cost. Or as he puts it in the African context, 'landlocked with bad neighbours'. Countries such as East Timor, Papua New Guinea and Solomon Islands suffer several of the four traps Collier identifies. The growth performance over the last quarter-century of the six Pacific economies in the bottom billion has been significantly weaker than the average of the other states in the bottom billion. Effectively aiding the Pacific's attempts to improve decades of very weak per capita income growth may benefit from the insights into novel and 'whole of government' forms of development assistance that Collier identifies for the 'bottom billion'." @default.
- W2257918319 created "2016-06-24" @default.
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- W2257918319 date "2007-01-01" @default.
- W2257918319 modified "2023-09-23" @default.
- W2257918319 title "The Bottom Billion: Why the Poorest Countries Are Failing and What Can Be Done about It: Some Insights for the Pacific?" @default.
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- W2257918319 hasPublicationYear "2007" @default.
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