It is not at all clear that every slice of such a tiny pie is viable as a future rich country. The combined GDP of the 58 countries of the bottom billion is about $350 billion per year - smaller than the GDP of metropolitan Chicago.
When it comes down to it, Clemens, himself an old development hand, seems to be more an Easterly man.Į are play-acting if we underestimate the magnitude of the challenge by peddling "solutions" of any sort. "He simply gives us Sachs and Easterly on different pages." Though he seems to agree with much of Mr Collier's diagnosis, Mr Clemens remains skeptical of his prescriptions, and fights the conventional wisdom that Mr Collier represents a sort of Hegelian synthesis of Jeffrey Sachs's naive development boosterism and William Easterly's jaded pessism: " Collier does not give us a third way that takes us beyond Sachs versus Easterly," Mr Clemens maintains. fantasy world" and exercise "power without responsibility." Advocates of "fair trade" effectively work to ensure that poor people "get charity as long as they stay producing the crops that have locked them into poverty." Campaigners for trade barriers to protect poor countries from globalisation are "idiots," and rich-country bankers who hide and invest kleptocrats' assets are "pimps." And aid workers furtively dodge the bottom billion because most find life unglamorous in outposts such as Bangui and Vientiane. Collier seizes this role vigorously, launching a devastating bombardment on people and organizations that, benevolently or malevolently, reinforce the traps: Togo's president, Faure Gnassingbé, would make his greatest contribution to development "by dying." Nongovernmental organizations (NGOs) such as Christian Aid inhabit a "satisfyingly simple. The Nobel laureate Robert Solow once wrote that economists are intellectual sanitation workers: their key contribution is to consign bad ideas to the trash. I HAVE yet to read Paul Collier's book on economic development and poverty, "The Bottom Billion", but this outstanding review by Michael Clemens of the Center for Global Development in Foreign Affairs made me want to-especially this bit:
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