Dead Aid

Why Aid Is Not Working and How There Is a Better Way for Africa

Recommended by George Ayittey, and 1 others. See all reviews

Ranked #15 in Development Economics, Ranked #80 in Africasee more rankings.

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...
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George Ayittey Yes. Dambisa Moyo, who was a student of mine at American University in Washington DC, represents a growing chorus of Africans who regard the Western foreign aid-driven development model – or the Washington consensus – to be an abysmal failure. More than $800bn in Western aid has been pumped into Africa since 1960, with little to show for it except a multitude of black elephants, show-airports amid institutional decay, and crumpled infrastructure. Moyo argues that foreign aid actually made Africans poorer by creating a dependency on aid, depreciating their pride and dignity, and preventing... (Source)


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