2008 Gold Medal winner of the Arthur Ross Book Award, given by the Council on Foreign Relations

Winner, Lionel Gelber Prize for excellence in writing on international relations

In the universally acclaimed and award-winning The Bottom Billion, Paul Collier reveals that fifty failed states--home to the poorest one billion people on Earth--pose the central challenge of the developing world in the twenty-first century. The book shines much-needed light on this group of small nations, largely unnoticed by the industrialized West, that are dropping further and further behind the majority of the world's people, often falling into an absolute decline in living standards. A struggle rages within each of these nations between reformers and corrupt leaders--and the corrupt are winning. Collier analyzes the causes of failure, pointing to a set of traps that ensnare these countries, including civil war, a dependence on the extraction and export of natural resources, and bad governance. Standard solutions do not work, he writes; aid is often ineffective, and globalization can actually make matters worse, driving development to more stable nations. What the bottom billion need, Collier argues, is a bold new plan supported by the Group of Eight industrialized nations. If failed states are ever to be helped, the G8 will have to adopt preferential trade policies, new laws against corruption, new international charters, and even conduct carefully calibrated military interventions. Collier has spent a lifetime working to end global poverty. In The Bottom Billion, he offers real hope for solving one of the great humanitarian crises facing the world today.

Part I: What's the Issue?
A Personal Preface
1: Falling Behind and Falling Apart: The Bottom Billion
Part II: The Traps
2: The Conflict Trap
3: The Natural Resource Trap
4: Landlocked with Bad Neighbors
5: Bad Governance in a Small Country
Part III: An Interlude: Globalization to the Rescue
6: On Missing the Boat: The Marginalization of the Bottom Billion in the World Economy
Part IV: The Instruments
7: Aid to the Rescue?
8: Military Intervention
9: Laws and Charters
10: Trade
Part V: The Struggle for the Bottom Billion
11: An Agenda for Action
Postscript
Research on Which This Book Is Based

Paul Collier , Professor of Economics and Director of the Center for the Study of African Economies, Oxford University, United States

Paul Collier is Professor of Economics and Director of the Center for the Study of African Economies at Oxford University. Former director of Development Research at the World Bank, he is one of the world's leading experts on African economies, and is the author of Breaking the Conflict Trap, among other books.

'This extraordinarily important book should be read by everyone who cares about Africa.' - Max Hastings, Sunday Times

"Terrifically readable."
--Time.com

"Set to become a classic. Crammed with statistical nuggets and common sense, his book should be compulsory reading."
--The Economist

"If Sachs seems too saintly and Easterly too cynical, then Collier is the authentic old Africa hand: he knows the terrain and has a keen ear.... If you've ever found yourself on one side or the other of those arguments--and who hasn't?--then you simply must read this book."
--Niall Ferguson, The New York Times Book Review

"Rich in both analysis and recommendations.... Read this book. You will learn much you do not know. It will also change the way you look at the tragedy of persistent poverty in a world of plenty."
--Financial Times

"Insightful and influential."--Newsweek

"Workable development ideas are hard to find, but Professor Collier may have identified the next frontier for positive change."--Tyler Cowen, The New York Times