Tuesday, June 19, 2012

Collier on "Public Inaction"

"Our public inaction does not mean that the rich world is passive, it means that the powerful forces of globalization continue to side with the political crooks in the [bottom billion] societies." 
-- "The Bottom Billion" by Paul Collier, p. 179

Prof. Collier is referring to our own laws and international norms as a way for countries from the bottom billion that are resource-rich and policy poor to break the Natural Resource Trap, by enforcing our resource extraction companies to refrain from bribery and to encourage good governance (compare to De Beers and the Kimberley Process to discourage the trade of conflict diamonds).

Other quotes from The Bottom Billion:


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