The New Bottom Billion: 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.