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A national bestseller, Dead Aid 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. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing development of the world’s poorest countries.
Much debated in the United States and the United Kingdom on publication, 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.
“A radical, counterintuitive solution to the continent’s economic problems . . . Moyo is unequivocal, not to mention convincing.” -Jason Zasky, Failure Magazine
“The evidence assessing the impact of aid on economic growth (or the lack thereof) is comprehensive and convincing.” -Apoorva Shah, Hoover Institution, Stanford University
“Moyo’s indictment of the past 50 years of aid-giving is compelling . . . She has written a well-informed book, and her passionate commitment to improving Africa’s fortunes drips from every page.” -Jonathan Wright, Geographical
Born and raised in Zambia, DAMBISA MOYO holds a PhD in economics from Oxford University and a master’s degree from Harvard University’s John F. Kennedy School of Government. A former consultant for the World Bank, Moyo worked at Goldman Sachs for eight years.
Table of Contents
|The World of Aid|
|The Myth of Aid||p. 3|
|A Brief History of Aid||p. 10|
|Aid Is Not Working||p. 29|
|The Silent Killer of Growth||p. 48|
|A World without Aid|
|The Republic of Dongo||p. 71|
|A Radical Rethink of the Aid-Dependency Model||p. 74|
|A Capital Solution||p. 77|
|The Chinese Are Our Friends||p. 98|
|Let's Trade||p. 114|
|Banking on the Unbankable||p. 126|
|Dongo Revisited||p. 141|
|Making Development Happen||p. 144|
|Table of Contents provided by Ingram. All Rights Reserved.|
Published in 2009 by Farrar, Straus and Giroux