Paul Collier
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Paul Collier
Sir Paul Collier, (born 23 April 1949) is a British development economist who serves as the Professor of Economics and Public Policy in the Blavatnik School of Government and the director of the International Growth Centre. He currently is a Professeur invité at Sciences Po and a Professorial Fellow of St Antony's College, Oxford. He has served as a senior advisor to the Blair Commission for Africa and was the Director of the Development Research Group at the World Bank between 1998 and 2003. Early life and education Collier was born on 23 April 1949. Collier’s great-grandfather, Karl Hellenschmidt, was a German immigrant to the UK. During World War I, Collier’s grandfather, Karl Hellenschmidt Jr, changed his surname from Hellenschmidt to Collier. Collier was brought up in Sheffield where he attended King Edward VII School and studied PPE at the University of Oxford. Academic career He was a founder of the Centre for the Study of African Economies and remained its Di ...
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World Economic Forum
The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, which is mostly funded by its 1,000 member companies – typically global enterprises with more than five billion US dollars in turnover – as well as public subsidies, views its own mission as "improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas". The WEF is mostly known for its annual meeting at the end of January in Davos, a mountain resort in the eastern Alps region of Switzerland. The meeting brings together some 3,000 paying members and selected participants – among whom are investors, business leaders, political leaders, economists, celebrities and journalists – for up to five days to discuss global issues across 500 sessions. ...
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Foreign Policy
A State (polity), state's foreign policy or external policy (as opposed to internal or domestic policy) is its objectives and activities in relation to its interactions with other states, unions, and other political entities, whether bilaterally or through multilateralism, multilateral platforms.Foreign policy
''Encyclopedia Britannica'' (published January 30, 2020).
The ''Encyclopedia Britannica'' notes that a government's foreign policy may be influenced by "domestic considerations, the policies or behaviour of other states, or plans to advance specific geopolitical designs."


History

The idea of long-term management of relationships followed the development of professional diplomatic corps that managed diplomacy. In the 18th century, due to extreme turbulence in History of Europe# ...
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Extremism
Extremism is "the quality or state of being extreme" or "the advocacy of extreme measures or views". The term is primarily used in a political or religious sense to refer to an ideology that is considered (by the speaker or by some implied shared social consensus) to be far outside the mainstream attitudes of society. It can also be used in an economic context. The term may be used pejoratively by opposing groups, but is also used in academic and journalistic circles in a purely descriptive and non-condemning sense. Extremists' views are typically contrasted with those of moderates. In Western countries for example, in contemporary discourse on Islam or on Islamic political movements, the distinction between extremist and moderate Muslims is commonly stressed. Political agendas perceived as extremist often include those from the far-left politics or far-right politics, as well as radicalism, reactionism, fundamentalism, and fanaticism. Definitions Peter T. Coleman and ...
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Good Governance
Good governance is the process of measuring how public institutions conduct public affairs and manage public resources and guarantee the realization of human rights in a manner essentially free of abuse and corruption and with due regard for the rule of law. Governance is "the process of decision-making and the process by which decisions are implemented (or not implemented)"."What is Good Governance"
, 2009. Accessed April 6, 2021.
Governance in this context can apply to corporate, international, national, or local governance as well as the interactions between other sectors of society. The concept of "good governance" thus emerges as a model to compare ineffective economi ...
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Science (journal)
''Science'', also widely referred to as ''Science Magazine'', is the peer-reviewed academic journal of the American Association for the Advancement of Science (AAAS) and one of the world's top academic journals. It was first published in 1880, is currently circulated weekly and has a subscriber base of around 130,000. Because institutional subscriptions and online access serve a larger audience, its estimated readership is over 400,000 people. ''Science'' is based in Washington, D.C., United States, with a second office in Cambridge, UK. Contents The major focus of the journal is publishing important original scientific research and research reviews, but ''Science'' also publishes science-related news, opinions on science policy and other matters of interest to scientists and others who are concerned with the wide implications of science and technology. Unlike most scientific journals, which focus on a specific field, ''Science'' and its rival ''Nature (journal), Nature'' c ...
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Development Aid
Development aid is a type of aid, foreign/international/overseas aid given by governments and other agencies to support the economic, environmental, social, and political International development, development of developing countries. Closely-related concepts include: developmental aid, development assistance, official development assistance, development policy, development cooperation and technical assistance. It is distinguished from humanitarian aid by aiming at a sustained improvement in the conditions in a developing country, rather than short-term relief. Development aid is thus widely seen as a major way to meet Sustainable Development Goal 1 (end poverty in all its forms everywhere) for the developing nations. Aid may be bilateral: given from one country directly to another; or it may be multilateral: given by the donor country to an international organisation such as the World Bank or the United Nations Agencies (UNDP, UNICEF, UNAIDS, etc.) which then distributes it among ...
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William Easterly
William Russell Easterly (born September 7, 1957) is an American economist, specializing in economic development. He is a professor of economics at New York University, joint with Africa House, and co-director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the ''Journal of Economic Growth''. Easterly is the author of three books: '' The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics'' (2001); ''The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good'' (2006), which won the 2008 Hayek Prize; and ''The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor'' (2014), which was a finalist for the 2015 Hayek Prize. Biography ...
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The End Of Poverty
''The End of Poverty: Economic Possibilities for Our Time'' () is a 2005 book by American economist Jeffrey Sachs. It was a ''New York Times'' bestseller. In the book, Sachs argues that extreme poverty—defined by the World Bank as incomes of less than one dollar per day—can be eliminated globally by the year 2025, through carefully planned development aid. He presents the problem as an inability of very poor countries to reach the "bottom rung" of the ladder of economic development; once the bottom rung is reached, a country can pull itself up into the global market economy, and the need for outside aid will be greatly diminished or eliminated. Clinical economics In order to address and remedy the specific economic stumbling blocks of various countries, Sachs espouses the use of what he terms "clinical economics", by analogy to medicine. Sachs explains that countries, like patients, are complex systems, requiring differential diagnosis, an understanding of context, monitor ...
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Jeffrey Sachs
Jeffrey David Sachs () (born 5 November 1954) is an American economist, academic, public policy analyst, and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known for his work on sustainable development, economic development, and the fight to end poverty. Sachs is Director of the Center for Sustainable Development at Columbia University and President of the UN Sustainable Development Solutions Network. He is an SDG Advocate for United Nations (UN) Secretary-General António Guterres on the Sustainable Development Goals (SDGs), a set of 17 global goals adopted at a UN summit meeting in September 2015. From 2001 to 2018, Sachs served as Special Advisor to the UN Secretary General, and held the same position under the previous UN Secretary-General Ban Ki-moon and prior to 2016 a similar advisory position related to the earlier Millennium Development Goals (MDGs),
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The Bottom Billion
''The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It'' is a 2007 book by Paul Collier, Professor of Economics at Oxford University, exploring the reasons why impoverished countries fail to progress despite international aid and support. In the book Collier argues that there are many countries whose residents have experienced little, if any, income growth over the 1980s and 1990s. On his reckoning, there are just under 60 such economies, home to almost 1 billion people. Synopsis Development traps The book suggests that, whereas the majority of the 5 billion people in the "developing world" are getting richer at an unprecedented rate, a group of countries (mostly in Africa and Central Asia but with a smattering elsewhere) are stuck and that development assistance should be focused heavily on them. These countries typically suffer from one or more development traps. The Conflict Trap: Civil wars (with an estimated average cost of $64bn each) and ...
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Ujamaa
Ujamaa ( in Swahili) was a socialist ideology that formed the basis of Julius Nyerere's social and economic development policies in Tanzania after it gained independence from Britain in 1961. More broadly, ujamaa may mean "cooperative economics", in the sense of "local people cooperating with each other to provide for the essentials of living", or "to build and maintain our own stores, shops, and other businesses and to profit from them together". Ideology and practice In 1967, President Nyerere published his development blueprint, the '' Arusha Declaration,'' in which he pointed out the need for an African model of development and that formed the basis of ujamaa as policy. The Swahili word ''ujamaa'' means 'extended family', 'brotherhood'; it asserts that a person becomes a person ''through the people'' or community. The spirit of 'others' or 'community' bringing units of families together, and fostering cohesion, love, and service. Nyerere used Ujamaa as the basis for a n ...
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Tanzania
Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest; and Rwanda, Burundi, and the Democratic Republic of the Congo to the west. Mount Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania. According to the United Nations, Tanzania has a population of million, making it the most populous country located entirely south of the equator. Many important hominid fossils have been found in Tanzania, such as 6-million-year-old Pliocene hominid fossils. The genus Australopithecus ranged across Africa between 4 and 2 million years ago, and the oldest remains of the genus ''Homo'' are found near Lake Olduvai. Following the rise of '' Homo erectus'' 1.8 million years ago, humanity spread ...
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