Read "Dead Aid Why Aid Is Not Working and How There Is a Better Way for Africa " by Dambisa Moyo available from Rakuten Kobo. Sign up. Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo. Read online, or download in secure EPUB format. Editorial Reviews. From Publishers Weekly. In this important analysis of the past fifty years of eBook features: . In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of.
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Editorial Reviews. From Publishers Weekly. In this important analysis of the past fifty years of Kindle Store · Kindle eBooks · Politics & Social Sciences . Dambisa Moyo's excoriating and controversial book reveals why millions are actually. DEAD AID. WHY AID IS NOT WORKING. AND HOW THERE IS. A BETTER WAY FOR AFRICA. Dambisa Moyo. Farrar, Straus and Giroux. New York. DAMBISA MOYO. Dead Aid. Why Aid Makes Things Worse and How There is Another Way for Africa. PENGUIN BOOKS. Contents. Foreword.
Elements of Critical Thinking: Editorial Reviews From Publishers Weekly In this important analysis of the past fifty years of international largely American aid to Africa, economist and former World Bank consultant Moyo, a native of Zambia, prescribes a tough dose of medicine: With a global perspective and on-the-ground details, Moyo reveals that aid is often diverted to the coffers of cruel despotisms, and occasionally conflicts outright with the interests of citizens-free mosquito nets, for instance, killing the market for the native who sells them.
In its place, Moyo advocates a smarter, though admittedly more difficult, policy of investment that has already worked to grow the economies of poor countries like Argentina and Brazil.
Moyo writes with a general audience in mind, and doesn't hesitate to slow down and explain the intricacies of, say, the bond market. This is a brief, accessible look at the goals and reasons behind anti-aid advocates, with a hopeful outlook and a respectful attitude for the well-being and good faith of all involved.
All rights reserved. Moyo, who was born and raised in Zambia, joins a small but growing number of observers including microfinance expert Muhammad Yunnus who argue that charity from Western nations cripples African governments by fostering dependency and corruption without requiring positive change.
Deriding efforts to increase giving by foreign celebrities like U2 singer Bono as out of touch with the real needs of African countries, Moyo instead proposes solutions like new bond markets, microfinancing, and revised property laws.
Moyo also singles out commercial investment from the Chinese rather than general aid and holds it up as an example for other nations to follow in the future. Whether one agrees or disagrees with Moyo's argument for such capitalist intervention in Africa, this straightforward and readable work should provide some food for thought.
See all Editorial Reviews. Product details File Size: Penguin August 11, Publication Date: August 11, Language: English ASIN: Enabled X-Ray: Not Enabled. Share your thoughts with other customers. Write a customer review. Read reviews that mention foreign aid dambisa moyo dead aid world bank must read direct investment goldman sachs economic growth capital markets aid to africa private sector developing countries thought provoking years ago corrupt governments economic development african governments better way natural resources bond market.
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Please try again later. Paperback Verified download. This is a must-read. Granted, Moyo is doubtless receiving more press simply because she is a black African female giving a fairly conservative opinion of aid.
Others have been saying this same thing for a long time, but it's often disregarded as an excuse for saving money or keeping help from the poor. I live and work in Haiti, and this is completely as applicable to this country as it is to Africa, although the Chinese influence doesn't apply here. I recommend this for all aid workers, and really anyone connected with emerging or not economies. Aid is a bad thing!
Of course, Moyo doesn't go quite that far, but I certainly do. She bases her findings on well documented data, and arranges it in quite an easy-to-read volume. I'm looking forward to more works by her. Kindle Edition Verified download.
Thought provoking! As always, a thoroughly researched book with an air of authority that could only come from an African talking about affairs related to Dambisa argues that in studying the data it becomes obvious that aid, especially without an end date , does not improve any economy and never will.
In fact it has the opposite effect by promoting corruption, a lack of accountability and political wars by those jostling to be the atop of the funnel for free money. She argues that a better way is for African governments to pursue funding from the Capital markets, drop inefficient trade barriers between each other in the continent, stimulate intra trade as the West and Europe are not our friends, see China for the friend it is and develop infrastructure.
These all require obtaining credit ratings, fiscal discipline, attempts at good governance etc.
When you squander aid money, more will come next year. When you squander money obtained from issuing bonds and world investors, good luck getting more for another decade. This is the essence of this book. You can feel how close to her heart writing this book is because , while currently a little outdated, she has noted that for too long the debate around how to fix the problems in Africa has been dominated by white Non-african males.
Time well invested Great book. I can't write my opinions without creating conflict with a bunch of aid industry people who would argue 'til the cows come home. We have decades of history to make the case that this author does, though, and when you look back at aid's track record, it speaks for itself when you ignore the cherry-picked metrics used by the aid industry and look at the big picture.
I've already said too much. Just read the book. It's quick, it's well-written, it's easy to understand if you have a modicum of understanding of finance. Waste of money, ironically. Previous 1 star reviews fairly sums up book. I add my astonishment at Dr. After 'Dead Aid' I felt that magnificent education had been hijacked by an opportunist "flimflam man woman ". And worse for it having "validated? Are we really this gullible? Considered and critical view of foreign aid to Africa and why such aid must stop as it is applied today.
Moyo has examined why foreign aid does not work, has not worked, and will not work in the future to alleviate poverty in Africa.
The book is written for lay persons such as myself but it is replete with cases studies and references sufficient enough for any academic. This should be read by anyone in government aid and anyone considering trying to help the poor.
The book offers hope for the future and it lays out a clear and simple plan of action. I wish Ms Moyo was in the US State Department instead of the career bureaucrats there now who have wasted billions of US aid dollars only to make things worse for those who need help the most. One person found this helpful.
Unfortunately, I did not read the non-site reviews until after the book arrived.
These reviews were very bad -- from poorly written and edited to its conclusions were not consistent with reality. Using hard evidence to illustrate her case, Moyo shows how, with access to capital and with the right policies, even the poorest nations can turn themselves around.
First we must destroy the myth that aid works - and make charity history. Dambisa Moyo worked at Goldman Sachs for eight years, having previously worked for the World Bank as a consultant. She was born and raised in Lusaka, Zambia. A damning assessment of the failures of sixty years of western development.
Dambisa has spoken on issues of Aid, Debt and Poverty in developing countries at conferences including at the World Economic Forum in Davos Switzerland in Dambisa lives in London. Dead Aid is her first book. For the latest books, recommendations, offers and more.
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