Abstract
This chapter is an edited version of one of the keynote speeches given at the ISBEE World Congress. In it, the divergence of the poorest 1 billion from the other 5 billion people in the world is reviewed; these people lack credible hope of ever emerging from their poverty. And their position has been made worse by commodity booms and the recent rise in food prices. The “bottom of the pyramid” argument is from business is to become wage-earning producers in manufacturing industries. And to enable this solutions are needed to both restrictive World Trade Organisation policies and the powerful agricultural lobby in developed countries.
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- 1.
The four traps are the conflict trap, the natural resource trap, being landlocked with bad neighbours and bad governance in a small country.
- 2.
See the references for details.
References
Collier, P.: 2007, The Bottom Billion. Why the Poorest Countries Are Failing and What Can Be Done About It (Oxford University Press, Oxford).
Prahalad, C.K.: 2006, The Fortune at the Bottom of the Pyramid. Eradicating Poverty Through Profits (Wharton School Publishing, Upper Saddle River (Pearson Education Inc.)).
Prahalad, C.K. & A. Hammond: 2002, ‘Serving the world’s poor, profitably’, Harvard Business Review 80, 9: 48–57.
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© 2010 Springer Science+Business Media B.V.
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Collier, P. (2010). The Bottom Billion and What We Can Do to Help. In: Moore, G. (eds) Fairness in International Trade. The International Society of Business, Economics, and Ethics Book Series, vol 1. Springer, Dordrecht. https://doi.org/10.1007/978-90-481-8840-6_1
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DOI: https://doi.org/10.1007/978-90-481-8840-6_1
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