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Customer Reviews
Fabulous book June 25, 2011
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by
This textbook is, quite simply, a frank [censored]sment of where Africa is, how they got there, and a road map for the rise of Africa going forward, all in a little over 200 pages. Dambisa Moyo puts on paper here apply as much to the all but frozen state of postwar development and aid policies in many other parts of the world today. Moyo is talking about government to government aid, not emergency aid or NGOs working in different countries. Anyone who is interested in international affairs and development should read this textbook.
Dead Aid : Why Aid Is Not Working and How There Is a Better Way for Africa:
stars based on
1 user reviews.
Summary
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
Author Biography
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
| Foreword | p. ix |
| Preface | p. xiii |
| Introduction | p. xviii |
| 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 |
| Notes | p. 156 |
| Bibliography | p. 164 |
| Acknowledgements | p. 181 |
| Index | p. 183 |
| Table of Contents provided by Ingram. All Rights Reserved. |
Excerpts
Introduction
We live in a culture of aid.
We live in a culture in which those who are better o. subscribe - both mentally and financially - to the notion that giving alms to the poor is the right thing to do. In the past fifty years, over US$1 trillion in development-related aid has been transferred from rich countries to Africa. In the past decade alone, on the back of Live 8, Make Poverty History, the Millennium Development Goals, the Millennium Challenge Account, the Africa Commission, and the 2005 G7 meeting (to name a few), millions of dollars each year have been raised in richer countries to support charities working for Africa.
We are made to believe that this is what we ought to be doing. We are accosted on the streets and goaded with pleas on aeroplane journeys; letters flow through our mail boxes and countless television appeals remind us that we have a moral imperative to give more to those who have less. At the 2001 Labour conference, the UK's Prime Minister of the time, Tony Blair, remarked that 'The State of Africa is a scar on the conscience of the world', and that the West should 'provide more aid' as, thus far, amidst the multiple problems facing Africa, the continent had received inadequate amounts of aid.¹
Deep in every liberal sensibility is a profound sense that in a world of moral uncertainty one idea is sacred, one belief cannot be compromised: the rich should help the poor, and the form of this help should be aid.
The pop culture of aid has bolstered these misconceptions. Aid has become part of the entertainment industry. Media figures, film stars, rock legends eagerly embrace aid, proselytize the need for it, upbraid us for not giving enough, scold governments for not doing enough - and governments respond in kind, fearful of losing popularity and desperate to win favour. Bono attends world summits on aid. Bob Geld of is, to use Tony Blair's own words, 'one of the people that I admire most'. Aid has become a cultural commodity.
Millions march for it.
Governments are judged by it.
But has more than US$1 trillion in development assistance over the last several decades made African people better o.? No. In fact, across the globe the recipients of this aid are worse o.; much worse off Aid has helped make the poor poorer, and growth slower. Yet aid remains a centrepiece of today's development policy and one of the biggest ideas of our time.
The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but have increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world.
How this happened, how the world was gripped with an idea that seemed so right but was in fact so wrong, is what this book is about. Dead Aid is the story of the failure of post-war development policy.
Step by step it will dismantle the assumptions and arguments that have supported the single worst decision of modern developmental. politics, the choice of aid as the optimum solution to the problem of Africa's poverty. The evidence is as startling as it is obvious. It will contrast countries which have rejected the aid route and prospered with others which have become dependent on aid and been trapped in a vicious circle of corruption, market distortion and further poverty - and thus the 'need' for more aid.
Others before me have criticized aid. But the myth of its effectiveness persists. Dead Aid will offer a new model for financing development for the world's poorest countries: one that offers economic growth, promises to significantly reduce African poverty, and most importantly does not rely on aid.
This book is not a counsel of despair. Far from it. The book offers another road; a road less travelled in Africa. Harder, more demanding, more difficult, but in the end the road to growth, prosperity, and independence for the continent. This book is about the aid-free solution to development: why it is right, why it has worked, why it is the only way forward for the world's poorest countries.
Excerpted from DEAD AID by Dambisa Moyo
Copyright © 2009 by Dambisa Moyo
Published in 2009 by Farrar, Straus and Giroux
Published in 2009 by Farrar, Straus and Giroux
All rights reserved. This work is protected under copyright laws and reproduction is strictly prohibited. Permission to reproduce the material in any manner or medium must be secured from the Publisher.
