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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But Moyo is not interested in the role of xid state. When you squander money obtained from issuing bonds and world investors, good luck getting more for another decade. With the first barrel, Moyo demolishes all the most cherished myths about aid being a good thing. We need change and one way of doing that is by cutting off aid entirely.

The road to ruin

Dead Aid is full of statistics and figures and a cogent at least from my limited perspective dfad of the facts.

This is the essence of this book. All that said, this book prompted me to think a bit more about more effective ways to finance edad or use aid. At best, it feels like a list of facts and figures with slightly half-baked conclusions; at worst, it feels like blatant shoe-horning of evidence to fit a pre-decided conclusion. Therefore, they are better equipped to develop innovative ways of overcoming these obstacles—mobile micro-finance is but one of them.

After unraveling the myth created by many policymakers and celebrities that Africa simply needs more charity, Moyo poses a series of hopeful alternatives. I applaud Dambisa Moyo for presenting a provocative set of arguments in clear, understandable layman’s prose.


I’d like to see someone take the same hypothesis i. Aid is a bad thing!

Dead Aid | Dambisa Moyo

She is right, however, that there are unedifying aspects of aid – in particular, the continued protectionism of both the US and EU: What Steve Berkman “Gods of Lending” does at the ‘micro’ level – showing how aid agencies may be making things worse because their funds are so vulnerable to corruption – Moyo does at the ‘macro’ level. On dsmbisa contrary, it is economic growth that is a prerequisite for democracy; and the one thing economic growth does not need is aid.

Shopbop Designer Fashion Brands. The lives of the poor will not necessarily improve because they will still be subject to low-grade living conditions and exploitation by warlords.

Jul 04, Lydia rated it did not like it. Moyo shows the strong correlation between increasing aid dependency, corruption and the nature of government structures in many African countries.

This little book has been a hit with economists who think that the only solution to grinding third world African poverty must be market-based. Oct 13, Elliard Shimaala rated it really liked it Shelves: I wish Ms Moyo was in the US State Department instead of the career bureaucrats there now who have wasted billions of US aid dollars only to make things worse for those who need help the most.

English Choose a language for shopping. Jul 02, Stephanie Josine rated it it was ok. A Response to Jeffrey Sachs”. Because, she says, it’s clearly not working. Retrieved 7 July Millions in Africa, she notes, are poorer today on account of aid dependency. She thinks aid is in many ways harmful: But she does go to the heart of the issue: As the title suggests, Dambisa Moyo’s argument is that not only is foreign aid in Africa not working, it is actually the main cause of Africa’s failure to reach its full economic and social potential.


Amazon Rapids Fun stories for kids on the go. Wikiquote has quotations related to: Yet, it remains clear that, by providing funds, aid agencies inadvertently? She notes that “Africa is addicted to aid. Return to Book Page. With better leaders aid can be used to develop countries especially considering that the aid I loved reading the book its clear and concise.

Before we can talk about improved trade or better credit ratings, let us reinvent our way of thinking.

Review: Dead Aid by Dambisa Moyo | Books | The Guardian

It’s probably the worst thing but it is also the easiest thing. 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.

In addition, regarding FDI she doesn’t give a credible explanation for how this model works for the vast majority of African nations without extensive oil reserves.

Somehow, Moyo expects the magic of the free market financial system to end corruption in Africa, stop wasteful spending, and power the continent out of poverty.