The Bottom Billion - Paul Collier - Books - Review [Niall Ferguson, New York Times - 7/1/07] - http://www.nytimes.com/2007...
Africa's economic future - On one side of the argument is Jeffrey D. Sachs, the director of the Earth Institute at Columbia University and the author of “The End of Poverty.” On the other is William Easterly of New York University, whose ironically titled “White Man’s Burden” lampoons Sachs as a modern version of a 19th-century utopian. - Mitchell Tsai
Collier who pointed out that nearly two-fifths of Africa’s private wealth is held abroad, much of it in Swiss bank accounts. - Mitchell Tsai
Collier’s title refers to the 980 million people living in what he calls “trapped countries,” those that are “clearly heading toward what might be described as a black hole.” Not all these people are Africans. Some live in Bolivia, Myanmar, Cambodia, Haiti, Laos, North Korea and Yemen. But 70 percent of the bottom billion live in Africa, and there is good reason to expect that proportion to rise. - Mitchell Tsai