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Why Aid Is Not Working And How There Is A Better Way For Africa
Farrar, Straus and Giroux
March 2009
On Sale: March 17, 2009
208 pages
ISBN: 0374139563
EAN: 9780374139568
Hardcover
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Non-Fiction
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 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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