The new 'bottom billion'
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The global poverty problem has changed. In the past, poor people lived in poor countries but now there are around 960 million poor people, or a ‘new bottom billion’, living on under $1.25/day in middle-income countries, and most of these are in stable, non-fragile, middle-income countries.
Paul Collier’s bottom billion
In 2007, Collier published a book titled The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It. In this book, Collier defines the ‘bottom bi...
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