Dead Aid

Dead Aid : Why Aid Is Not Working and How There Is a Better Way for Africa

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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 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.

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  • Hardback | 188 pages
  • 144.78 x 215.9 x 17.78mm | 340.19g
  • Farrar Straus Giroux
  • New York, NYUnited States
  • English
  • 0374139563
  • 9780374139568
  • 239,502

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"Dambisa Moyo is to aid what Ayaan Hirsi Ali is to Islam. Here is an African woman, articulate, smart, glamorous, delivering a message of brazen political incorrectness: cut aid to Africa. Aid, she argues, has not merely failed to work; it has compounded Africa's problems. Moyo cannot be dismissed as a crank . . . She catalogues evidence, both statistical and anecdotal . . . The core of her argument is that there is a better alternative [and it deserves] to be taken seriously." --Paul Collier, "The Independent ""The wisdom contained here--if absorbed by African and global policymakers--will turn this chronically depressed continent into an inspiring miracle of dazzling economic growth." --STEVE FORBES, President and Chief Executive Officer of Forbes and Editor-in-Chief of "Forbes "magazine "Dambisa Moyo makes a compelling case for a new approach in Africa. Her message is that Africa's time is now. It is time for Africans to assume full control over their economic and political destiny. Africans should grasp the many means and opportunities available to them for improving the quality of life. Dambisa is hard--perhaps too hard--on the role of aid. But her central point is indisputable. The determination of Africans, and genuine partnership between Africa and the rest of the world, is the basis for growth and development." --KOFI ANNAN, former Secretary-General of the United Nations

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About Dambisa F Moyo

Dambisa Moyo is the author of "How the West Was Lost." Born and raised in Lusaka, Zambia, Moyo completed a Ph.D. in economics at Oxford University and holds a master's from Harvard University's John F. Kennedy School of Government. She worked for the World Bank as a consultant, and also worked at Goldman Sachs for eight years. In 2009, "Time" magazine named her one of the "100 most influential people in the world." Her writing frequently appears in publications including the "Financial Times," "The Economist," and "The Wall Street Journal."

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