Monday, June 11, 2012


"In Chapter 1 I discussed the danger that the societies of the bottom billion might become safe havens for criminals, terrorists, and disease. Paradoxically, some of this is reciprocal: the rich countries have been a safe haven for the criminals of the bottom billion. 
One grotesque form of this safe haven role has been that Western banks have taken deposits looted from the bottom-billion societies, held the money in great secrecy, and refused to give it back."

-- "The Bottom Billion" by Paul Collier, p. 135

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