Globalization And Foreign Aid Syndrome

2505 Words Sep 10th, 2014 11 Pages
INTRODUCTION:
For the past four decades the development challenge has been rich world of one million people facing poor world of five billion people. 80% of the five billion people live in developing countries. There are a few countries at the bottom billion that are falling behind and often falling apart. Paul collier through this book takes a dynamic approach of the problems faced by the bottom billion, the reason why they are falling behind and what can be done about this. The arguments collier points out are based on conclusions from his exhaustive list of peer reviewed research. He successfully answered the questions stated on the cover of book.

This book is divided into 5 parts: the first part introduces the issues. second part explains the traps of development. third part explains factors of globalization and foreign aid syndrome fourth part explains the instruments to solve the issues fifth part explains the agenda for action

KEYPOINTS:
In the golden era of 1990 's when all the countries are developing, the incomes in the bottom billion declined by 5%. There are about 58 countries that fall into this category. About 1 billion people live in these countries. 70% of these are in Africa. The rest in places like Haiti, Bolivia, central asian countries, Cambodia, Yemen, Burma and north Korea and collier describes these countries as Africa +. The per capita income of these countries is less than that of most rich world cities.

During 1970 's bottom billion diverged…

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