Explore economist Paul Collier's bold and compassionate plan for closing the gap between rich and poor in this TED-Ed talk. Learn about the challenges faced by the "bottom billion" - people trapped in poor or failing countries - and discover potential solutions for global poverty. Examine the impact of commodity booms, the resource curse, and democracy on developing nations. Understand the importance of international standards, verified auctions, and effective communication in addressing global inequality. Gain insights into the five key decision points and the costs associated with implementing international rules to support struggling economies.
Overview
Syllabus
Intro
The bottom billion
A recipe for change
Compassion Enlightened selfinterest
What did we do
Postwar Europe
The Challenge
The Opportunity
Commodity Booms
Science
Shortrun
Longrun
The resource curse
Democracy
International Standards
Verified Auctions
The British Treasury
The five decision points
The cost of international rules
Communication
Blog comment
Taught by
TED-Ed
