Paul Collier's proposition that current commodity booms are the single

most important issue for the bottom billion is compelling. His framework

for a regime of international law and codes to govern commodity booms is

worthy of careful consideration by the international community, a

community in a season of change in leadership, vision, and potentially

direction. With leadership change and transition at the World Bank and

the United Nations, and in the United Kingdom, Europe, and the United

States, Collier's examination of the potential to use commodity booms to

transform the developing world is instructive and persuasive in guiding us

to look to the past for lessons and to the future with a vision embracing

greater roles for international law and voluntary codes.