Dead Aid by Dambisa Moyo

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, 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.

BOOK REVIEW: 

  • “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.”– Kofi Annan, former UN Secretary-General
  • “This reader was left wanting a lot more Moyo, and a lot less Bono.”– Niall Ferguson
  • “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 & CEO of Forbes Magazine
  • “Moyo’s indictment of aid is serious business. Moyo is right to raise her voice and she should be heard if African nations and other poor countries are to move in the right direction.”– Jagdish Bhagwati, Foreign Affairs
  • “An incendiary new book… Here is a refreshing voice… What makes Dead Aid so powerful is that it’s a double-barrelled shotgun of a book. With the first barrel, Moyo demolishes all the most cherished myths about aid being a good thing. But with the second, crucially, she goes on to explain what the West could be doing instead.”– Christopher Hart, The Daily Mail
  • Purchase Dead Aid.

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