Dead Aid: Why Aid is Not Working and How There is Another Way for Africa
There is no quest ...more
But, I realize that kudos in the world of politics, development and current affairs comes via a sound economic grounding.
So, I’ve been crawling my way through The End of Poverty, which I will review when I finish it. (Probably in 10 years.) In sum, author Jeffrey Sachs advocates a large financial investment and unwavering political will to end the scou ...more
Her primary thesis is that not only has aid not helped to end poverty (a view also held by William Easterly: The White Man's Burden and The Elusive Quest for Growth, Peter Bauer, and others) but on balance, aid does more harm than good.
Moyo has a PhD in economics, interestingly obtained under the tutelage of foreign aid advocate, Dr. Paul Collier (The Bottom Billion).
The book is short and quickly glosses over multiple topics. For someone unfamilia ...more
Written by a Zambian economist - educated in the UK & US (you can tell) - the book outlines both the problems with current aid to Africa and suggests how the market can offer a better solution.
It was an extremely interesting read - not least the chapter on China - however, there is no disguising that it is a very one-sided view of the problems facing Africa. Noting the issues with infrastructure and liquidity, Moyo offe ...more
This is an interesting and provocative thesis, and one that certainly challenges allot of mainstream thinking. However, if you are expecting that Dr. Moyo will challenge conventional thinking with some hard evidence, you may be dissapointed. The book mainly consists of some mainstream free market e ...more
When I first heard this I thought it sounded nuts and tot ...more
My biggest disappointment is that her proposals (chiefly financing through bonds and FDI) while interesting are tossed out as though their benefits are self-evident. There were scattered sentences here and there which could have formed the nucleus of arguments for her position, but these often appeared late in the ...more
It is unfortunate that Moyo allowed Niall Ferguson who is somet ...more
Moyo delves into the world of African aid and explores its effects and its impact on Africa. She comes to the conclusion that aid - most especially Bilateral/Multilateral aid is bad for Africa; instead of leading to Africa's development, it actually hinders progress.
For the first part of the book, Moyo backs her conclusion with facts and statistics on the effect of aid on post-colonial Africa and how the state of Africa after it first gained indep ...more
Despite the fact of what you may think about an economics book, it is pretty easy to understand. Obviously there are some parts in which you get stuck, but it is not hard to read (en plus, not a long book given the amount of topics it has inside)
I like the fact that it starts with a bit of Aid history, it heps you understand the context and how not all aid is the same.
The ideas are good and, though I would like to read som ...more
"Increases in foreign aid are correlated with declining domestic savings rates... private foreign capital and investment fall as aid rises...higher aid-induced consumption leads to an environment where much more money is chasing fewer goods... higher inflation." (p60)
I als ...more
At first, I couldn’t get past what seemed like a parody sketch in the introduction by Niall Ferguson—a white, British, male author attesting to the credibility and authenticity of the female, well-educated, black African author (Moyo) as a preface to mostly Western, white readers. I imagined being with Mr. Ferguson at a bar: He tells me to watch and learn as the bartender shows us how to make a ‘White Russian’ cocktail. Ferguson implores me to 'pay close attention and learn' ...more
Dr. Dambisa Moyo is an international economist who writes on the macroeconomy and global affairs.
She is the author of the New York Times Bestsellers "Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa", "How The West Was Lost: Fifty Years of Economic Folly And the Stark Choices Ahead" and "Winner Take All: China s Race for Resources and What It Means for the World".