Ideas to Action:

Independent research for global prosperity

Multimedia

CGD's weekly Global Prosperity Wonkcast, event videos, whiteboard talks, slides, and more.

The New Bottom Billion: Andy Sumner

Andy Sumner Paul Collier’s 2007 book, The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It, changed the way we think about poverty and development. Collier argued that the majority of the 5-billion people in the "developing world" live in countries with sustained high growth rates and would eventually escape from poverty. The rest—the bottom billion—live in 58 small, poor, often land-locked countries that are growing very slowly or not at all. These countries, stuck in poverty traps, should be the focus of foreign aid, Collier argued.

Andy Sumner, a visiting fellow at CGD and research fellow at the Institute for Development Studies at Sussex University, is boldly challenging that view with more recent data and a new frame of reference that tell a surprisingly different story: three out of four of the world’s poorest people, Andy asserts, live in middle-income countries with impressive growth rates but may nonetheless are trapped in extreme poverty. Andy joins me on this week’s Wonkcast to discuss his work on this “new” bottom billion.

How to Help the World’s Least Developed Countries: UNCTAD’s Deb Bhattacharya

Deb BhattacharyaThere are 49 countries in the world that the United Nations classifies as Least Developed Countries (LDCs). How does a country wind up on the list, and how is the international community working to help these countries develop? My guest this week is Debapriya Bhattacharya, currently a Special Advisor to the Secretary General of the UN Conference on Trade and Development (UNCTAD), focusing on issues related to Least Developed Countries.

Deb begins by explaining how the official Least Developed Country list is defined. There are three criteria for inclusion, he explains. Obviously, poverty, as measured in per capita income, is one of them. A second is what Deb calls “human assets,” expressed in education and health indicators. And the third is a measure of economic vulnerability to natural or manmade disasters."Haiti is a classic example of how vulnerable these economies are,” Deb explains. “You get hit not only by man-made disasters, but also by natural exogenous shocks."