Summary Of Inequality By Paul Collier

On the opposite end on the spectrum, Paul Collier addresses inequality as the Alcatraz for developing nations. His prescriptions for poverty directly reflect his thesis on inequality that “as the bottom billion diverges from an increasingly sophisticated world economy, integration will become harder” (Collier 202). Collier views globalization as a series of “chutes and ladders” in which countries can rise or fall to the bottom and he views the poor nations of the world as the “unlucky minority” who “are stuck” and are unable to escape the “fourteenth-century conditions” (203). This leads to his call for international and domestic actions to avoid the “large islands of chaos” that leave “the twenty-first century world of material comfort, global travel and economic interdependence. increasingly vulnerable” (202). As such he believes that when addressing the bottom billion data must be focused on the population rather than income because the negligible income of the poor does little to skew the data appropriately. The author notes that the manner in which we address the data of the impoverished alters the manner in which we address poverty. Moreover, he asserts
I believe it perpetuates many of the traps noted by Paul Collier. However, I am not one to deny that trade liberalization is an unstoppable force. I believe that Bourguignon has the right idea when it comes to accepting trade liberalization with modifications for tax evasion and labor markets with a concentration in domestic policies. Domestic equality will certainly stem from universal education with gender, and racial equality. Social welfare programs and incremental tax reforms must be put in place to redistribute the wealth that concentrates in the top of social classes as a result of globalization. This will allow all to feel the positive effects of globalization from the top one percent to the bottom