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. Mountains Beyond Mountains by Tracy Kidder Poor Economics by Abhijit V. Banerjee Half the Sky by Nicholas D. Kristof Dead Aid by Dambisa Moyo The.
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This is Moyo at her weakest; she is an economist by training and her grasp of the political economy of Africa is lamentable.
Moyo contends that increases in foreign aid are correlated with declining domestic savings rates. Time and again, she fails to grapple with the single biggest factor determining the poverty of the continent – how the state functions, and has failed to function. Perhaps more money will be funneled into the economy but will the poor benefit from it?
Moyo seems smart as a whip with courage of her convictions and a fierce loyalty to her homeland, Zambia, and to sub-Saharan Africa generally. Organisation for Economic Co-operation and Development. He claimed to have read the book and stated “books like that — they’re promoting evil”. Britannica Book of the Year Though I think there may be merit to the argument, I didn’t find the evidence compelling enough.
Dambisa Moyo’s masterpiece is an economic blueprint intended to serve as a paradigm for weaning Africa off the debilitating aid-dependency syndrome that has kept the continent in perpetual economic stagnancy for decades. African countries would be more likely to develop without aid than with it and do a more rigorous job.
There already exists plenty of excellent analysis on the benefits of the huge investment China is making in Africa; Moyo is telling us nothing new. I live and work in Haiti, and this is completely as applicable to this country as it is to Africa, although the Chinese influence doesn’t apply here. According to her, the Initial intentions of aid were good but with the passage of time, it has done more harm than good for Africa.
Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo
It confronts those aid gurus, like Prof. For example, in a breezy overview of explanations for Africa’s economic backwardness, Moyo turns to the harshness of the continent’s geography deda points out that “Saudi Arabia is rather hot, and of course, Switzerland is landlocked, but these factors have not stopped them getting on with it”.
These are the people who brought us sub-sub-prime mortgages wrapped in gilt-edged bond ratings and called gold. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse. Apr 04, Ben Babcock rated it liked it Shelves: As in, even aidd countries are corrupt and leaders spend aid money on frivolities like private jets, they still get money next year.
Dead Aid is thematically divided into three parts: Published March 17th by Farrar, Straus and Giroux. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions. Retrieved from ” https: Best Book of Ideas Prize Nominee Bono’s efforts to have debt nullified are dismissed as an insult s Largely meandering with no coherent argument about why aid, itself, is bad.
Jun 30, Beth Haynes rated it really liked it Shelves: Should I read this book?
The references to the dear literature, the shifting from discussing one country to extrapolating to all countries, etc. Dambisa is hard–perhaps too hard–on the role of aid.
Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa
I don’t think the author ever really made the case for her proposal. Learn more about Amazon Giveaway. She returns again and again to the amount of aid that has been given to African countries over the last 5 decades and points to how little there is to show for it.
I agree with many of Moyos’ conclusions and her objections to the current approach to foreign aid.
Jul 04, Lydia rated it did not like it. From Wikipedia, the free encyclopedia. Aid creates a vicious cycle of dependency in Africa; a cycle that chokes mpyo desperately needed investment, instills a culture of kleptomania, and facilitates rampant and systematic corruption, all with deleterious consequences for economic growth.
As always, a thoroughly researched book with an air of authority that could only come from an African talking about affairs related to Dambisa Moyo was born in in Lusakathe capital of Zambia and studied chemistry at the University of Zambia.
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