Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa MoyoIn 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 Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse.
In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Provocatively drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the “need” for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world’s poorest countries that guarantees economic growth and a significant decline in poverty—without reliance on foreign aid or aid-related assistance.
Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.
Why foreign aid and Africa don't mix
Students created a blog Uppsala African Reviews where they published reviews of books with a focus on contemporary African issues. Thomas Perring is one of the students. With the Chinese demanding returns on their investments, new markets and job opportunities can be opened up within the African countries and the economy can grow organically. This organic growth, Moyo argues, was achieved by countries such as Brazil, Russia, India and China in the post war epoch and aid on the scale of that being pumped into Africa was, and is not, present. Whichever viewpoint the reader holds however, one thing is certain: Dead Aid is a book which has bought to light a questioning of how aid is administered and is fuelling debates surrounding the topic. Dead Aid represents this necessary ideological shift towards African ideas strongly impacting policy making within the continent. You are commenting using your WordPress.
Dambisa Moyo is an international economist who writes on the macroeconomy and global affairs. Her work regularly appears in economic and finance-related publications such as the Financial Times, the Economist Magazine and the Wall Street Journal. Goodreads helps you keep track of books you want to read.
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There just isn't the political will, in Britain or elsewhere, to really act on our analysis
London: Allen Lane, For some people, arguments and positions represented in the book by Dambisa Moyo may be controversial, and even polemical. After all, she is an African woman with a background in the corporate world of Goldman Sachs, the World Bank, Harvard, and Oxford, who is advocating that aid, as it is known now, is damaging Africa and should stop. This proposition will alarm the entire international-aid architecture, including those whose jobs depend on doling aid to Africa, and for whom Africa is considered both a career and industry. However, the book may appeal to students, researchers, policy makers, and the general reader interested in aid. Written eloquently, part one of Moyo's book is a searing and necessary critique of Western aid agencies and the African countries that receive aid, and its failure. Moyo's economic prescription for many African countries lies in a range of measures to be implemented over five to ten years.
Qui sommes-nous? Foreign aid is hurting, not helping Sub-Saharan Africa. Providing developing countries and in particular Sub-Saharan Africa with aid — under many forms, social, economic, humanitarian — has been our priority since the post-independence era in the s. NGOs are in their hundreds of thousands trying to make the world a better place, fighting fatal illnesses, handing out food and water, providing teachers, the list goes on. Credit DR. There is an unmistakable moral imperative for humanitarian organisations to get involved in crisis situations like the Tsunami or Haiti.
Daron Acemoglu and James A. David Cameron speaks compellingly about international aid. Eradicating poverty, he says, means certain institutional changes: rights for women and minorities, a free media and integrity in government. It means the freedom to participate in society and have a say over how your country is run. But diagnosing a problem is one thing; fixing it another. The British government is strikingly generous in foreign aid donations. But if money alone were the solution we would be along the road not just to ameliorating the lives of poor people today but ending poverty for ever.