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

In "Dead Aid," Dambisa Moyo describes the state of postwar development policy in Africa that has channeled billions of dollars in aid but failed to reduce poverty and increase growth. He offers a new, more hopeful vision of how to address the desperate poverty that plagues millions.

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Main Author: Moyo, Dambisa.
Format: Book
Published:New York : Farrar, Straus and Giroux, c2009.
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Review by Publisher's Weekly Review

In this important analysis of the past fifty years of international (largely American) aid to Africa, economist and former World Bank consultant Moyo, a native of Zambia, prescribes a tough dose of medicine: stopping the tide of money that, however well-intentioned, only promotes corruption in government and dependence in citizens. With a global perspective and on-the-ground details, Moyo reveals that aid is often diverted to the coffers of cruel despotisms, and occasionally conflicts outright with the interests of citizens-free mosquito nets, for instance, killing the market for the native who sells them. In its place, Moyo advocates a smarter, though admittedly more difficult, policy of investment that has already worked to grow the economies of poor countries like Argentina and Brazil. Moyo writes with a general audience in mind, and doesn't hesitate to slow down and explain the intricacies of, say, the bond market. This is a brief, accessible look at the goals and reasons behind anti-aid advocates, with a hopeful outlook and a respectful attitude for the well-being and good faith of all involved. (Mar.) Copyright 2009 Reed Business Information.

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