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Left Behind: A New Economics for Neglected Places

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The world-renowned economist offers a ground-breaking new vision for inclusive prosperity

 

 

Left behind places can be found in prosperous countries—from South Yorkshire, integral to the industrial revolution and now England’s poorest county, to Barranquilla, once Colombia’s portal to the Caribbean and now struggling. More alarmingly, the poorest countries in the world are diverging further from the rest of humanity than they were at the start of this century. Why have these places fallen behind? And what can we do about it?

World-renowned development economist Paul Collier has spent his life working in neglected communities. In this book he offers his candid diagnosis of why some regions and countries are failing, and a new vision for how they can catch up. Collier lays the blame for widening inequality on stale economic orthodoxies that prioritize market forces to revive left behind regions, and on the arrogant, hands-off and one-size fits all approach of centralized bureaucracies like the UK Treasury. As a result, Collier argues, the UK has become the most unequal and unfair society in the western world.

 

Yet the core message of Left Behind is hopeful: bringing together encouraging case studies of recovery from around the world, Collier shows how renewal is achievable through a combination of collective learning, moral leadership and local agency. With keen insight, he draws lessons from such seemingly disparate fields as behavioural psychology, evolutionary biology and moral philosophy to share a bold, galvanizing vision for a more inclusive, prosperous world.

Author: Collier Paul
Publisher: ALLEN LANE
Pages: 304
ISBN: 9780241279168
Cover: Hardback
Edition Number: 1
Release Year: 2024
Paul Collier is the Professor of Economics and Public Policy at the Oxford Blavatnik School of Government. He is the author of The Future of Capitalism, which won the 2019 Handelsblatt Prize; The Bottom Billion, which won the Lionel Gelber Prize and Arthur Ross Prize of the Council on Foreign Relations; The Plundered Planet, Exodus and Refuge (with Alexander Betts). Collier has served as Director of the Research Department of the World Bank, and works with governments around the world.

John Kay is one of Britain's leading economists and a fellow of St John's College Oxford. His career has spanned academia, business, finance and public policy. He was the founding head of the Oxford Said Business School and the Institute for Fiscal Studies - Britain's most respected think tank. He is the author of The Truth About Markets, Obliquity, Other People's Money and other books and for twenty years contributed a regular column to the Financial Times.

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