Blog Post 3 - An International Development Conference In...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
An International Development Conference In this section, Collier talked about different solutions to the traps he previously mentioned. He first addressed the issue of aid and said aid contributed 1% annual economic growth to the countries of the bottom billion. Aid is useful in bringing down the risk of conflict; ineffective in getting countries out of the resource trap; useful if spent in infrastructure for landlocked countries; and can be useful if used correctly to deal with bad governance. Military invention can be useful such as was the case in Kuwait, but after Iraq and Afghanistan I doubt it will be used which is a shame. Military intervention would have been hugely helpful in Rwanda, Darfur, and Somalia. Better trade policies are another option both by the developed and underdeveloped world. The section that I wanted to cover in depth was the instruments or adapting international regulations and laws to increase development. Collier mentions the prisoners’ dilemma because the policies countries need to adapt may cost businesses’ profit. If regulations were adapted by
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern