The Bottom Billion: Why the poorest countries are failing and what can be done about it? By Paul Collier. Oxford University Press, 2007
 
 The main thesis of the book is that globalization has been beneficial to a majority of the people in the developed and developing world, except for a large group of small countries in Africa, Caribbean ad Pacific countries, which comprise of a billion people (out of the total world population of about 6.5 billion). These billion people are being increasingly marginalized by globalization. For example, average per capita GDP growth of the economies of the bottom billion was 0.5% in 1970s, 0.4% in 1980s and negative 0.50% in 1990s. In comparison, per capita GDP growth in other developing countries increased from 2.5% in 1970s to 4% each in 1980s and 1990s. So there is big time divergence in income between the bottom billion and rest of the world population.
 

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