By Sean Derrick

- “There’s no i in team but there’s 5 in individual brilliance”

We live in a world where 8% owns 50% of the total worlds income. Leaving 92% to survive on the other 50%. This therefore means that billions of people will be left either with relatively low incomes or no income at all, thus creating a Bottom billion, so, What can be done for the bottom billion?

In the past, poor people lived in poor countries but a ‘new bottom billion’ has emerged.

1.44 billion people out of the developing world's 6.9 billion people live on wage of $1.25 per day

The 1.44 billion people live in middle-income countries with a stable non fragile economy.

This new bottom billion accounts for 72 per cent, almost three-quarters, of the world’s poor.

Only about a quarter of the world’s poor, 370 million people, live in the remaining 39 low-income countries, which are largely in sub-

Saharan Africa.

The world’s richest 67 people hold the same net worth as the world bottom 3.5 billion.

Paul Collier attempted to answer this question in his 2007 book ‘The Bottom Billion’ in which he stated four ways to which the bottom billion could be helped, these include:

Aid agencies

Appropriate Military Interventions

Trade Policy.

United Nations

Helping out Governments

Aid agencies set up homes allowing people to live comfortably without the burden of paying rent.

Jobs are provided to allow those without accommodation to be able to survive independently.

Food is distributed in order to stop death from starvation across the countries.

Free trade world wide allows LIC economies to develop as they would no longer need to pay any tariffs set up by the receiving country.

Spot the bottom billion

(Ben)