Dead aid : why aid is not working and how there is a better way for Africa /

From the Publisher: 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, bu...

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Main Author: Moyo, Dambisa. (Author)
Format: Book
Language:English
Published:New York : Farrar, Straus and Giroux, 2009.
Edition:1st American ed.
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Related Information:http://ezproxy.prin.edu:2048/login?url=http://digitale-objekte.hbz-nrw.de/storage/2012/12/06/file_48/4831286.pdf 
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Main Author:Moyo, Dambisa.
Summary:From the Publisher: 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 increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined-and millions continue to suffer. Provocatively drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which over reliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the "need" for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty-without reliance on foreign aid or aid-related assistance. Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

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 increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined--and millions continue to suffer. Provocatively drawing a sharp contrast between African countries that have rejectedthe aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the "need" for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty--without reliance on foreign aid or aid-related assistance.

Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

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Physical Description:xx, 188 pages ; 22 cm
Bibliography:Includes bibliographical references (pages 164-180) and index.
ISBN:0374139563
9780374139568
Author Notes:

Dambisa Moyo received an undergraduate degree in chemistry and an MBA in finance from American University, an MPA from Harvard University, and a PhD in economics from Oxford University. She was a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs. She has written several books including 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. Her work regularly appears in economic and finance-related publications including the Financial Times, the Economist, and the Wall Street Journal. In 2009, she was named by Time as one of the 100 Most Influential People in the World and was named to the World Economic Forum's Young Global Leaders Forum. In 2012 his title Winner Take All China's Push for Resources and What It Means for the World made The New York Times Best Seller List.

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