Dead Aid

Dead Aid

Why Aid Is Not Working and How There Is A Better Way for Africa

Book - 2009 | 1st. American ed.
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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 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 rejectedthe 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.

Publisher: New York : Farrar, Straus and Giroux, c2009.
Edition: 1st. American ed.
ISBN: 9780374139568
0374139563
Branch Call Number: 338.91096
Characteristics: xx, 188 p. ; 22 cm.

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f
flygt
Oct 21, 2017

Clear, concise, and convincing! A very interesting and informative read.

r
ReadRobin
Aug 09, 2015

As usual, Star Gladiator has it right. In addition,White male privilege doomed our foreign aid efforts--women would have used the aid to help people--the African dictators used most of it to consolidate their power. The good old boys have had their way with our resources for way too long. Micro credit has shown us who can use the money best.

s
StarGladiator
May 01, 2014

An individual with a background at both the World Bank and Goldman Sachs with [as commenter Leonardo7 correctly recounts] an almost slavish belief in the power of unrestrained market capitalism is not the person to listen to on this subject. During the Eisenhower administration, Nelson Rockefeller, in one of his multiple appointments to that administration, severely compromised and altered the structures of the Ex-Im Bank, AID, et cetera, making sure foreign aid flowed to certain countries to build factories which the multinationals could then ship jobs to, and to buy off various and sundry dictators. Going to a Goldman Sachs/World Bankster for advice is like inviting a serial killer into your home.

a
anthonybencivengo
May 01, 2014

A through takedown of the aid-based model of development that, refreshingly, actually spends more time on solutions than problems. Very readable and accessible to the non-economist, making this important book the perfect start for a needed change in thinking.

2
21288004246712
Aug 05, 2010

Cutting financial aid/grants to the poor African nations may appear too drastic, but maybe that will end the tyranny and corruption that plague that continent, or perhaps the region will become a colony of China

l
Leonardo7
Apr 15, 2010

Moyo persuasively argues that the unrestrained sixty plus year campaign of providing aid to Africa has been one of the greatest contributors to keeping it mired in poverty. Africa, in her view, has become not only dependent, but addicted to aid. This addiction has almost eliminated the incentive to a culture of self-reliance. Much to think about in this book. Having read it, I am encouraged to learn more. A primary concern I have about her thesis is her almost slavish belef in the power of unrestrained market capitalism. My left leaning friends will certainly pick up on this if they read this book. Still, lots to think about here.

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