• woodrow wilson center
  • ecsp

New Security Beat

Subscribe:
  • mail-to
  • Who We Are
  • Topics
    • Population
    • Environment
    • Security
    • Health
    • Development
  • Columns
    • China Environment Forum
    • Choke Point
    • Dot-Mom
    • Navigating the Poles
    • New Security Broadcast
    • Reading Radar
  • Multimedia
    • Water Stories (Podcast Series)
    • Backdraft (Podcast Series)
    • Tracking the Energy Titans (Interactive)
  • Films
    • Water, Conflict, and Peacebuilding (Animated Short)
    • Paving the Way (Ethiopia)
    • Broken Landscape (India)
    • Scaling the Mountain (Nepal)
    • Healthy People, Healthy Environment (Tanzania)
  • Publications
  • Events
  • Contact Us

NewSecurityBeat

The blog of the Wilson Center's Environmental Change and Security Program
  • From the Wilson Center

    ‘The Plundered Planet’: A Discussion With Paul Collier

    June 8, 2010 By Dan Asin
    Who owns the planet’s natural wealth found underwater, below ground, and in the air? How do we reconcile our use of these assets with that of future generations? Such questions are the subject of Oxford Professor Paul Collier’s latest book, The Plundered Planet: Why We Must–and How We Can–Manage Nature for Global Prosperity, which he discussed at a recent Wilson Center event.

    The author of The Bottom Billion and Breaking the Conflict Trap, Collier called Plundered Planet “the most important book I’ve written.” Resources are a “one-shot game,” he said; if we waste them, they’re gone. The next 10-20 years are “vital” to preserving natural assets as new technologies for removing them proliferate. We’re sucking fish up like “hoovers,” he said, and a combination of technology and economic growth are rapidly pushing mineral extraction into the few remaining frontiers.

    Because time is short, Collier hopes his work will bring economists and environmentalists together. He said the two groups are largely at each other “cat and dog,” yet their objectives–environmental preservation and economic development–are not fundamentally opposed. In fact, to overcome polarization and produce key policy decisions, development and conservation must become partners.

    Becoming Custodians, Not Curators

    Collier said resource plunder can take one of two forms: “Where the few expropriate what belongs to the many”; and “where nature is expropriated by the present generation and burned up rather than benefiting future generations.” Both forms of plunder not only impede development, but are also unjust, he said.

    Unlike other assets–such as books or records, which are typically owned by their authors or artists–natural assets have no human creators. A system whereby “natural assets are owned by the people who are lucky enough to live on top of them” creates “staggering inequality,” said Collier. Instead, resources must be shared equally among all citizens of a nation, including those not yet born.

    Yet sharing nature’s wealth with generations to come does not mean leaving all fish in the sea, all trees on land, or all minerals underground. “We are not curators of natural artifacts,” Collier said. “We’re custodians of natural value.”

    For the one billion people living in poverty, the development of natural resources can provide a path toward development, growth, and better lives, Collier argued, when properly and justly managed.

    Filling the Gaps in Governance

    Why have we largely plundered, rather than invested in, our resources thus far? What can be done to change the current principles of resource management? Collier’s short answer: governance.

    For the poor countries in the “bottom billion,” Collier said the “broken decision chain” must be mended. The chain has six steps:
    • Discovering natural assets;
    • Avoiding appropriation by a few at the expense of the many;
    • Ensuring local inhabitants receive generous compensation for unavoidable environmental damage;
    • Consuming in a way that benefits both the present and the future;
    • Investing in the absorptive capacity of government; and
    • Investing in domestic development.
    Transnational resources–such as fish, air, and deepwater discoveries–need intelligent regulation. “We’re actually subsidizing the plunder of the fish market,” said Collier, effectively giving the fishing industry $30 billion a year–nearly half of its $80 billion annual worth–to deplete fish stocks below sustainable levels. As a rule, he recommended removing subsidies and reforming tax practices.

    Igniting a Movement

    “There is no substitute…for building a critical mass of informed opinion,” Collier said. While technology enables plunder, it also creates a way for people to share knowledge at tremendous speeds and with wide audiences. The challenge, he said, “is to ignite the information transformation process.” A shift from plunder to sustainable management of transnational and developing country resources is a historic opportunity to benefit the world’s poor. “If these resources are harnessed for sustained development,” he said, “they can drag themselves decisively from poverty to prosperity.” The window of opportunity, however, is closing.
    Topics: conservation, development, economics, environment, From the Wilson Center, livelihoods, natural resources, poverty

Join the Conversation

  • RSS
  • subscribe
  • facebook
  • G+
  • twitter
  • iTunes
  • podomatic
  • youtube
Tweets by NewSecurityBeat

Trending Stories

  • unfccclogo1
  • Pop at COP: Population and Family Planning at the UN Climate Negotiations

Featured Media

Backdraft Podcast

play Backdraft
Podcasts

More »

What You're Saying

  • Rainforest destruction. Gold mining place in Guyana China’s Growing Environmental Footprint in the Caribbean
    ZingaZingaZingazoomzoom: US cleans up. China runs wild on free rein- A lack of international compliance mechanisms to hold...
  • shutterstock_1858965709 Break the Bias: Breaking Barriers to Women’s Global Health Leadership
    Sarah Ngela Ngasi: Nous souhaitons que le partenaire nous apporte son soutien technique et financier.
  • shutterstock_1858965709 Break the Bias: Breaking Barriers to Women’s Global Health Leadership
    Sarah Ngela Ngasi: Nous sommes une organisation féminine dénommée: Actions Communautaires pour le Développement de...

Related Stories

No related stories.

  • woodrow
  • ecsp
  • RSS Feed
  • YouTube
  • Twitter
  • Facebook
  • Home
  • Who We Are
  • Publications
  • Events
  • Wilson Center
  • Contact Us
  • Print Friendly Page

© Copyright 2007-2023. Environmental Change and Security Program.

Woodrow Wilson International Center for Scholars. All rights reserved.

Developed by Vico Rock Media

Environmental Change and Security Program

Woodrow Wilson International Center for Scholars

Ronald Reagan Building and International Trade Center

  • One Woodrow Wilson Plaza
  • 1300 Pennsylvania Ave., NW
  • Washington, DC 20004-3027

T 202-691-4000