Beth Anne's Reviews > Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

Dead Aid by Dambisa Moyo

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's review
Aug 22, 10

Read from August 15 to 18, 2010

It's pretty hard to argue with the case made by Dambisa Moyo in Dead Aid. Moyo criticizes the Jeffrey Sachses and the Bonos of the world, and calls for a shift away from (and ultimately, a cessation of) the aid-based development model championed by Western policymakers and pop stars. Dead Aid is a quick read, but packs a powerful punch, demonstrating how aid has done more harm than good to Africa and Africans, and how the answer to SUSTAINABLE and substantial economic growth actually lies in market-based alternatives (foreign direct investment, trade, accessing debt capital markets, etc.) According to Moyo, Africa needs less aid, not more-- aid does nothing but help Westerners feel good about themselves (helping maintain the illusion that they're doing the "right" thing), while their checks support corrupt leaders and discourage meaningful, long-term growth. These are not easy truths to swallow, but there's no arguing with Moyo's facts— and her assertion that successful economic development in Africa isn't a pipedream, but a very real possibility, given the right (non aid-based) approach. Dead Aid is definitely a must-read for anyone interested in issues pertaining to global poverty and economic development.

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