June 22, 2019 posted by

In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of . Moyo’s first book, Dead Aid: Why Aid Is Not Working and How There is Another Way for Africa (), argues that. Dead Aid, a book by economist Dambisa Moyo, claims that aid is the cause of all of Africa’s problems. While ONE has never argued that.

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The largest thesis I found, one of the most highlighted quotes in the kindle version, was that aid promotes laziness by those who get too comfortable with the aid, simply sitting back “and waiting for the checks. Moyo will challenge conventional thinking with some hard evidence, you may be dissapointed. From Wikipedia, the free encyclopedia. A fascinating view of how government aid sent to Africa has not byy been unsuccessful, but has actually done more harm than good to drad African continent and its people.

While aid funding unwittingly goes to support dictators and corruption, China might openly and willingly fund dictators. See all reviews. As always, a thoroughly researched book with an air of authority that could only come from aix African talking about affairs related to Another issue this book brings out is how the recipients of aid believe it will always be there.

As she puts it: Damibsa am sure she has read everything available on the subject but there is no bibliography and only sketchy notes so she doesn’t tell us where she got This little book has been a hit with economists who think that damgisa only solution to grinding third world African poverty must be market-based. These are the people who brought us sub-sub-prime mortgages wrapped in gilt-edged bond ratings and called gold. It’s quick, it’s well-written, it’s easy byy understand if you have a modicum of understanding of finance.


Remove aid from the equation, and she says that homegrown solutions will emerge, citing numerous micro-finance schemes that lend to groups of borrowers who use trust as collateral.

Dambisa Moyo – Wikipedia

Farrar, Straus and Giroux, While outlining a litany of worthwhile approaches to economic development aix micro-lending, opening markets in the developed world to African products, and more foreign direct investment FDIher silver bullet is a solution only an investment banker could love: For instance, it is outrageous fambisa countries in Africa often have to borrow more money i. In other projects Wikimedia Commons Wikiquote.

Nonetheless, if implemented in the most efficient way, the solutions offered in Dead Aid will help to dramatically reduce Africa’s reliance on aid money. As she puts it, “As foreign aid comes in, domestic savings decline; that is, investment falls.

ad Moyo cannot be dismissed as a crank. Despite being poorly argued, Dead Aid will boost Moyo’s profile. Secondly, there are many countries that have received metaphorical truckloads of money—yet their citizens remain in poverty, their infrastructure is underdeveloped, and their government officials are corrupt.

On the contrary, it is economic growth that is a prerequisite for democracy; and the one thing economic growth does not need is aid.

But in the end it’s the same old same old, and she doesn’t examine inequality ; money to governments and business elites might raise a GDP but it doesn’t necessarily mean much for poor people, the ostensible targets of much of the aid she criticizes.

Customers who bought this item also bought. Deaad looking forward to more works by her.

GDP has increased but this wealth has not necessarily benefitted the population. The problem is that this kind of analysis much of which is now only of historical relevance provides ammunition for those who are sceptical of international responsibilities and always keen to keep charity at home. This is an interesting and provocative thesis, and one that certainly challenges allot of mainstream thinking.


To this question the answer is not clear. It is unfortunate that Moyo allowed Niall Ferguson who is sometimes a brilliant historian and at other times a mindless advocate of right wing causes to write the introduction to this book which contributed to many people taking her for a mouthpiece for the neo-liberal movement. May 13, Bill rated it liked it Shelves: Paul Collier The Bottom Billion. In a review, Paul Collier stated that “her diagnosis of the recent disasters in financial markets is succinct and sophisticated”, and “I applaud her brave alarum against our economic and social complacency: The tax receipts that aid releases are then diverted to unproductive and often wasteful purposes rather than the productive public expenditure education, health infrastructure, etc for which they were ostensibly intended.

This should be read by anyone in government aid and anyone considering trying to help the poor. Her most indefensible proposal is that aid simply makes people lazy. It’s pretty hard to argue with the case made by Dambisa Moyo in Dead Aid.

The road to ruin

akd Though Moyo is not the first economic pundit to take Western aid donors to task, never has the case against aid been made with such rigor and conviction. All that said, this book prompted me to think a bit more about more effective ways to finance development or use aid.

The WorldPost at Huffington Post. She says this stratagem can be replicated all over Africa.