Paul Collier is one of the most influential development economists in the world today. His academic work has focused on governance in low-income countries, understanding economic growth in Africa and the economics of civil war, overseas aid, globalisation and poverty.
His most famous books including
He identifies four “development traps” - they are conflict, reliance on natural resources, being landlocked with bad neighbours, and bad governance.
Land locked economies face particular challenges to integrate in global trade – without good infrastructure and efficient logistics businesses it can be difficult, costly and slow to get products to the countries of trade partners
Some landlocked countries such as Ethiopia have been doing well especially when they achieve regional economic integration with other land-locked nations
He has done some important work on strategies to help overcome the natural resource trap:
“Although large deposits of key resources such as oil would usually be considered a blessing for the development prospects of a country, it often turns out to be a ‘resource curse’”
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