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Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa Hardcover – Mar 17 2009


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Product Details

  • Hardcover: 208 pages
  • Publisher: Farrar, Straus and Giroux; First American Editi edition (March 17 2009)
  • Language: English
  • ISBN-10: 0374139563
  • ISBN-13: 978-0374139568
  • Product Dimensions: 14.9 x 2.2 x 21.9 cm
  • Shipping Weight: 340 g
  • Average Customer Review: 3.6 out of 5 stars  See all reviews (9 customer reviews)
  • Amazon Bestsellers Rank: #169,238 in Books (See Top 100 in Books)

Product Description

Review

Praise for Dead Aid

“Moyo is right to raise her voice, and she should be heard if African nations and other poor countries are to move in the right direction.” —Jagdish Bhagwati, Foreign Affairs

“Moyo presents a refreshing view.” —Lisa Miller, Newsweek

“A tightly argued brief . . . Vivid.” —Matthew Rees, The Wall Street Journal

“An incendiary new book . . . Here is a refreshing voice . . . What makes Dead Aid so powerful is that it’s a double-barrelled shotgun of a book. With the first barrel, Moyo demolishes all the most cherished myths about aid being a good thing. But with the second, crucially, she goes on to explain what the West could be doing instead.” —Christopher Hart, The Daily Mail

“Dambisa Moyo is to aid what Ayaan Hirsi Ali is to Islam. Here is an African woman, articulate, smart, glamorous, delivering a message of brazen political incorrectness: cut aid to Africa. Aid, she argues, has not merely failed to work; it has compounded Africa’s problems. Moyo cannot be dismissed as a crank . . . She catalogues evidence, both statistical and anecdotal . . . The core of her argument is that there is a better alternative [and it deserves] to be taken seriously.” —Paul Collier, The Independent

“The wisdom contained here—if absorbed by African and global policymakers—will turn this chronically depressed continent into an inspiring miracle of dazzling economic growth.” —STEVE FORBES, President and Chief Executive Officer of Forbes and Editor-in-Chief of Forbes magazine

“Dambisa Moyo makes a compelling case for a new approach in Africa. Her message is that Africa’s time is now. It is time for Africans to assume full control over their economic and political destiny. Africans should grasp the many means and opportunities available to them for improving the quality of life. Dambisa is hard—perhaps too hard—on the role of aid. But her central point is indisputable. The determination of Africans, and genuine partnership between Africa and the rest of the world, is the basis for growth and development.” —KOFI ANNAN, former Secretary-General of the United Nations

Dead Aid is an important book . . . at the very least, [it] provides a first step towards changing how America, and the world, thinks about how to help Africa.” —Heather Wilhelm, Real Clear World

Dead Aid is a wonderfully liberating book.” —Doug Bandow, The Washington Times

“[Moyo’s] book offers an analytical, researched approach to restoring life and sufficiency in this developing continent. Dead Aid calls for a new way of thinking . . . After unraveling the myth created by many policymakers and celebrities that Africa simply needs more charity, Moyo poses a series of hopeful alternatives . . . Moyo speaks with both cultural and academic authority, unpacking the full nature of poverty and its regional impact. She unveils the sobering reality that $1 trillion in financial aid has not helped, but rather hindered African economies and their ability to grow into sustainable markets. This book offers a fresh insight into the plight of poverty and a vision for developmental change—the kind of change that could help millions.” —Curt Devine, Relevant

“Dambisa Moyo’s book Dead Aid is a timely book which brings forth what we have been thinking about Western aid, but did not dare to speak out . . . Moyo has shown brilliantly that Western aid, governmental or non-governmental, couldn’t help Africa in regard to transforming to a better form of social organization, by which innovation and technological development become possible . . . Moyo shows the strong correlation between increasing aid dependency, corruption and the nature of government structures in many African countries . . . In general Moyo’s book is a very challenging book, and addresses our problems. It confronts those aid gurus, like Prof. Jeffrey Sachs, who manipulate the African leaders with their neo-liberal agendas. It is a very good starting point for further discussion, and can contribute to eliminating confusing ideas.” —Fekadu Bekele, Merkato Blog, Nazret.com

“A radical, counterintuitive solution to the continent’s economic problems . . . [Moyo] is unequivocal, not to mention convincing.” —Jason Zasky, Failure Magazine

“The evidence assessing the impact of aid on economic growth (or the lack thereof) is comprehensive and convincing.” —Apoorva Shah, Hoover Institution, Stanford University

“Moyo’s indictment of the past 50 years of aid-giving is compelling . . . [She] has written a well-informed book, and her passionate commitment to improving Africa’s fortunes drips from every page.” —Jonathan Wright, Geographical

About the Author

Dambisa Moyo is the author of How the West Was Lost. Born and raised in Lusaka, Zambia, Moyo completed a Ph.D. in economics at Oxford University and holds a master’s from Harvard University’s John F. Kennedy School of Government. She worked for the World Bank as a consultant, and also worked at Goldman Sachs for eight years. In 2009, Time magazine named her one of the “100 most influential people in the world.” Her writing frequently appears in publications including the Financial Times, The Economist, and The Wall Street Journal.

Customer Reviews

3.6 out of 5 stars

Most helpful customer reviews

23 of 26 people found the following review helpful By J. Tobin Garrett TOP 1000 REVIEWER on July 21 2009
Format: Hardcover
After reading Jeffrey Sach's book The End of Poverty (his main argument calling for more aid to Africa), I felt that I should read a book arguing for the opposite, so I picked up Dead Aid.

The central argument is that aid is bad for Africa, and in fact, is the reason that Africa is caught in a poverty trap. It's an interesting argument, and one that I was ready to be convinced of, but I felt that Moyo didn't provide enough analysis and evidence for her claims. Too many times I found myself asking the questions: how? and why? While I am inclined to agree with her central claim, her argument in the specifics was too simplistic and she often presented the link between aid and Africa's plight as causal, when really it seem corollary.

The book is too short and the analysis too brief to hold up to the mighty claim that she proposes. Clocking in at only 153 pages, the book dedicates 19 pages to a brief history of aid (which is really well done), another 19 pages to show that aid isn't working, and 21 pages to prove that aid actually kills growth. While I'm not a fan of bloated writing for no reason, Moyo needed more evidence, more explanation to back up her arguments.

Even though I found the beginning part of the book frustrating at times, I was looking forward to her ideas on how to develop Africa without the help of aid (which the next 80 pages or so are dedicated towards). She has some interesting ideas around capital markets, foreign direct investment, and micro-lending, but again I found her arguments to be overly simplistic and too brief to be convincing. She discusses how trade should be a big factor in the growth of Africa, something that's obviously true.
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4 of 5 people found the following review helpful By Andy on Sept. 26 2010
Format: Paperback
This book offered an easy to read history and viable solutions to helping Africa. Dead Aid will change the way that you think of Africa. Dead Aid wasn't full of confusing economic theories or in-depth history but clear, concise points. The book is a quick read but very helpful in understanding Africa and its people. Dead Aid should be recommended reading for politicians, business people, and aid groups.
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18 of 23 people found the following review helpful By I. Dobson on May 5 2009
Format: Hardcover Verified Purchase
With all the hype about deadbeat western governments not living up to their committment to African aid, this book stops the shame-game dead in its tracks. Written by someone who has grown up and lived in Africa, not just visted in a chartered jet, this book looks at the way so much of our foreign aid is at best misdirected and at worst completely squandered. The author argues that simply propping up hand-out programs and feeding corrupt regimes does little to improve the long term survival of this highly dysfunctional continent. Instead she offers a more logical structured approach to fixing the problem through empowerment, and goes on to offer hope in what so many see as a hopeless situation. The money still needs to be forthcoming, just not in the way it is being currently applied. This book tells us how to do it right.
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By Brian Maitland TOP 500 REVIEWER on Nov. 29 2012
Format: Paperback
Author Dambisa Moyo blows the lid off the Western aid program to Africa showing how Africa despite billions and billions of dollars in aid since the end of colonialism has regressed as a continent economically. The book is short and sweet because the author can write. I see there are complaints by other reviewers but she's not writing a thesis or a report for the World Bank. I'm sure she's done that before given her educational and working background.

What Moyo has done has shown how aid is pure folly in the vast majority of cases and how, mainly China now, is showing what direct investment in Africa can do. There are successes pre-China into Africa that Moyo covers such as Botswana which show that outside of the big boys of South Africa and Egypt that African nations can get their act together.

The fun thing about the book is she breaks it all down by introducing a fictional typical African nation called Dongo to some chapters to show how her theories may play out. Look, let's get over the idea she has all the answers. At least she is presenting an interesting argument and one that most aid workers will readily admit is true (at least off the record).

All in all, it's a must-read for anyone interested in the global economy, Africa and aid in general.
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Format: Kindle Edition Verified Purchase
It's a disaster story of a different type most of us think we know but this book goes into technological detail of ALL the miss steps of many. I couldn't stand it after a few hours.
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