Transcript
LAEL BRAINARD: More than ever, there is this recognition that instability anywhere in the world can threaten security across borders and have repercussions in all kinds of realms that were not traditionally associated with poverty and security.
Poverty is an integral part of that picture. It is a catalyst. It exhausts institutions, depletes resources, and creates a volatile mix of desperation and instability, and what is so refreshing about Carl's Bottom Billion is that he has both very rigorous analysis of the causes of that poverty conflict cycle but also, I think, very realistic while also thought provoking answers to what we should be doing about it.
. . .I think I'll leave it to Paul to give his analysis of the four main tracks that condemn countries to extreme poverty and conflict and also to talk about his prescriptions. Perhaps the one which has been most noted is that of much more frequent interventions in governments, even when those interventions are military, to help create an environment of peace to build institutions. Whatever anyone's opinion of those options at a moment where the Presidential debate here is all around Iraq, you've got to admire the boldness of the analysis. So, we're particularly delighted to have Paul here to talk through his analysis and his proposals.
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