“Nature is something that is both vulnerable and valued,” Paul Collier said yesterday at the World Bank. “It is being mismanaged…what it has turned into is a series of environmental battles between environmentalists and economists.”

Collier was giving the first public presentation of of his new book, The Plundered Planet: Why We Must—and How We Can—Manage Nature for Global Prosperity. In it, he asserts that disputes between environmentalists and economists often arise from a fundamental misunderstanding on both sides about the unique qualities and purposes of “natural assets.” This misunderstanding, he says, has created a state of natural plunder. In Plundered Planet, Collier elucidates the ethical and economic considerations for the proper management of natural assets, how a greater understanding of natural assets and better environmental management can be achieved, and lessons for development.

Paul Collier will be joining ECSP for an in-depth discussion of Plundered Planet, economics, and development at the Wilson Center in June. Until then, for a more detailed look, check out the New Security Beat’s previous coverage of Collier’s book preview with Nancy Birdsall, president of the Center for Global Development, at the U.S. Institute of Peace.