The Plundered Planet

Paul Collier's The Bottom Billion was greeted as groundbreaking when it appeared in 2007, winning the Estoril Distinguished Book Prize, the Arthur Ross Book Award, and the Lionel Gelber Prize. Now, in The Plundered Planet, Collier builds upon his renowned work on developing countries and the world's poorest populations to confront the global mismanagement of natural resources. Proper stewardship of natural assets and liabilities is a matter of planetary urgency: natural resources have the potential either to transform the poorest countries or to tear them apart, while the carbon emissions and agricultural follies of the developed world could further impoverish them. The Plundered Planet charts a course between unchecked profiteering on the one hand and environmental romanticism on the other to offer realistic and sustainable solutions to dauntingly complex issues. Grounded in a belief in the power of informed citizens, Collier proposes a series of international standards that would help poor countries rich in natural assets better manage those resources, policy changes that would raise world food supply, and a clear-headed approach to climate change that acknowledges the benefits of industrialization while addressing the need for alternatives to carbon trading. Revealing how all of these forces interconnect, The Plundered Planet charts a way forward to avoid the mismanagement of the natural world that threatens our future.

A scientist makes a powerful case that preservation of the integrity of the biosphere is a necessity and an inviolable human right. A century of industrial development is the briefest of moments in the half billion years of the earth's evolution. And yet our current era has brought greater changes to the earth than any period in human history. The biosphere, the globe's life-giving envelope of air and climate, has been changed irreparably. In A World to Live In, the distinguished ecologist George Woodwell shows that the biosphere is now a global human protectorate and that its integrity of structure and function are tied closely to the human future. The earth is a living system, Woodwell explains, and its stability is threatened by human disruption. Industry dumps its waste globally and makes a profit from it, invading the global commons; corporate interests overpower weak or nonexistent governmental protection to plunder the planet. The fossil fuels industry offers the most dramatic example of environmental destruction, disseminating the heat-trapping gases that are now warming the earth and changing the climate forever. The assumption that we can continue to use fossil fuels and “adapt” to climate disruption, Woodwell argues, is a ticket to catastrophe. But Woodwell points the way toward a solution. We must respect the full range of life on earth—not species alone, but their natural communities of plant and animal life that have built, and still maintain, the biosphere. We must recognize that the earth's living systems are our heritage and that the preservation of the integrity of a finite biosphere is a necessity and an inviolable human right.

Global poverty, Paul Collier points out, is actually falling quite rapidly for about eighty percent of the world. The real crisis lies in a group of about 50 failing states, the bottom billion, whose problems defy traditional approaches to alleviating poverty.In The Bottom Billion, Collier contends that these fifty failed states pose the central challenge of the developing world in the twenty-first century. The book shines a 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 nation between reformers and corrupt leaders--and the corrupt are winning. Collier analyzes the causes of failure, pointing to a set of traps that snare these countries, including civil war, a dependence on the extraction and export of natural resources, and bad governance. Standard solutions do not work against these traps, 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, and new international charters, and even conduct carefully calibrated military interventions.As former director of research for the World Bank and current Director of the Center for the Study of African Economies at Oxford University, Paul 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.

Bill Gates's Five Books for Summer Reading 2019 From world-renowned economist Paul Collier, a candid diagnosis of the failures of capitalism and a pragmatic and realistic vision for how we can repair it. Deep new rifts are tearing apart the fabric of the United States and other Western societies: thriving cities versus rural counties, the highly skilled elite versus the less educated, wealthy versus developing countries. As these divides deepen, we have lost the sense of ethical obligation to others that was crucial to the rise of post-war social democracy. So far these rifts have been answered only by the revivalist ideologies of populism and socialism, leading to the seismic upheavals of Trump, Brexit, and the return of the far-right in Germany. We have heard many critiques of capitalism but no one has laid out a realistic way to fix it, until now. In a passionate and polemical book, celebrated economist Paul Collier outlines brilliantly original and ethical ways of healing these rifts—economic, social and cultural—with the cool head of pragmatism, rather than the fervor of ideological revivalism. He reveals how he has personally lived across these three divides, moving from working-class Sheffield to hyper-competitive Oxford, and working between Britain and Africa, and acknowledges some of the failings of his profession. Drawing on his own solutions as well as ideas from some of the world’s most distinguished social scientists, he shows us how to save capitalism from itself—and free ourselves from the intellectual baggage of the twentieth century.

Climate scientist and green activist David Cromwell examines how and why the forces of globalization are opposing ecological sustainability, human rights, and social justice, and draws on examples from around the world to show what we can do to reverse the process. He makes the point that centralized state and corporate power is vulnerable to significant grassroots awareness and activism. This book's solutions offer ample cause for hope and cautious optimism.

The best-selling author of The Bottom Billion lays out the effects of both encouraging and restricting migration.

The study of natural resource extraction in resource-rich countries often shows that plunder, rather than prosperity, has become the norm. Management of natural resources differs widely in every state; a close examination of the decision making chains in various states highlights the key principles that need to be followed to avoid distortion and dependence. This book consists of eight case studies investigating the political economy of the decision chain, revealing where various states have met with success, or failed disastrously. This original research provides a unique insight into how different countries have handled their resource extraction. This book is essential reading for students, researchers and policy makers working across development economics and natural resource economics.