To remedy this, Moyo presents a road map for Africa to wean itself of aid over the next five years and offers a menu of alternative means of financing development. In Dead Aid, Moyo comes out with guns blazing against the aid industry-calling it not just ineffective, but “malignant.” Despite more than $1 trillion in development aid given to Africa in the past 50 years, she argues that aid has failed to deliver sustainable economic growth and poverty reduction-and has actually made the continent worse off. Kennedy School of Government, she is more than qualified to tackle this subject. With a PhD in economics from Oxford University and a master’s degree 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.
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