Word: collier
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Third-stringer Collier Winters will back up Pizzotti while O’Hagan is out. The freshman took over the number three job behind Pizzotti after junior Jeff Witt quit the team almost two weeks...
...huge deposits of natural gas in the North Sea. A windfall, right? Wrong. The discovery effectively hobbled Dutch industry, since any surge in revenue from natural resources - or from foreign aid, for that matter - tends to drive up exchange rates, making exports less internationally competitive. But thriving export industries, Collier argues, are precisely the reason for Asia's dramatic economic rise. They are also what Africa will need to develop in order to follow the same trajectory. Collier's idea seems to be sinking in: last month, the large international aid organization CARE announced that it would no longer accept...
...course, Collier isn't philosophically opposed to the idea of foreign aid. But his proposed solution to its inefficacy doesn't include celebrity rock concerts or NGO sloganeering - an approach he broadly derides as "the headless heart." Perhaps most controversially, he argues for military intervention in civil conflicts, citing as an example the British army's decisive 2001 rout of Sierra Leone's vicious Revolutionary United Front, which was infamous for recruiting child soldiers and wantonly butchering civilians. These aggressive steps aren't just a moral imperative; they also make economic sense, since, Collier estimates, a failed state costs...
...terrifically readable - and far more convincing - The Bottom Billion, former World Bank research director Paul Collier offers another take on why aid is so ineffective. For one, it's often inefficiently distributed: according to one survey in Ghana, only about 1% of medical aid actually made it to hospitals. And foreign aid is sometimes channeled into military spending - about 11% of the total, according to Collier's best estimate - or squirreled away in Swiss banks by kleptocrats. But Collier primarily blames a phenomenon known in economics circles as "Dutch disease...
...addition to Ely, two other quarterbacks will look to throw to Richards in the future. Matt Simpson hails from Springdale, Ark., while Oklahoma native Collier Winters rounds out the new crop of signal-callers...