In Dead Aid, Moyo comes out guns blazing against the aid industry – calling it not just ineffective, but also “malignant”.
Kennedy School of Government, she is more than qualified to tackle this subject. in economics from Oxford University and a master’s from Harvard University’s John F. Although we can all agree that ending poverty is an urgent necessity, there appears to be increasing disagreement about the best way to achieve that goal.īorn and raised in Lusaka, Zambia, Moyo has spent the past eight years at Goldman Sachs as head of economic research and strategy for sub-Saharan Africa, and before that as a consultant at the World Bank. But Dambisa Moyo’s book, Dead Aid, challenges us to think again. Many have called upon President Obama to uphold his campaign commitment to double foreign assistance.
“As the global financial crisis unfolds, those least responsible– our world’s poor – will be most affected. This season’s publication includes a review by Jane Wales, our CEO & President, of the much publicized book by Dambisa Moyo, Dead Aid: Why Aid is not Working and How there is a Better Way for Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.The summer 2009 edition of the Stanford Social Innovation Review is up now online. 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.ĭebunking 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. In fact, poverty levels continue to escalate and growth rates have steadily declined-and millions continue to suffer. 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.
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