DEAD AID WHY AID IS NOT WORKING AND HOW THERE IS A BETTER WAY FOR AFRICA

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Dead Aid

Author : Dambisa Moyo
ISBN : 0374139563
Genre : Political Science
File Size : 73.97 MB
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Describes the state of postwar development policy in Africa that has channeled billions of dollars in aid but failed to either reduce poverty or increase growth, offering a hopeful vision of how to address the problem.
Category: Political Science

Dead Aid

Author : Dambisa Moyo
ISBN : 9781429954259
Genre : Political Science
File Size : 73.91 MB
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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.
Category: Political Science

Dead Aid

Author : Dambisa Moyo
ISBN : 9780241959961
Genre : Political Science
File Size : 59.32 MB
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We all want to help. Over the past fifty years $1 trillion of aid has flowed from Western governments to Africa, with rock stars and actors campaigning for more. But this has not helped Africa. It has ruined it. Dambisa Moyo's excoriating and controversial book reveals why millions are actually poorer because of aid, unable to escape corruption and reduced, in the West's eyes, to a childlike state of beggary. Dead Aid shows us another way. Using hard evidence to illustrate her case, Moyo shows how, with access to capital and with the right policies, even the poorest nations can turn themselves around. First we must destroy the myth that aid works - and make charity history.
Category: Political Science

How The West Was Lost

Author : Dambisa Moyo
ISBN : 1429988487
Genre : Business & Economics
File Size : 20.73 MB
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In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the West's economic supremacy. She examines how the West's flawed financial decisions have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world, especially China. Amid the hype of China's rise, however, the most important story of our generation is being pushed aside: America is not just in economic decline, but on course to become the biggest welfare state in the history of the West. The real danger is a thome, Moyo claims. While some countries – such as Germany and Sweden – have deliberately engineered and financed welfare states, the United States risks turning itself into a bloated welfare state not because of ideology or a larger vision of economic justice, but out of economic desperation and short-sighted policymaking. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again.
Category: Business & Economics

The Aid Trap

Author : R. Glenn Hubbard
ISBN : 9780231519502
Genre : Political Science
File Size : 77.4 MB
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Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries. A bold fusion of ethics and smart business, The Aid Trap shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.
Category: Political Science

Winner Take All

Author : Dambisa Moyo
ISBN : 9780465029327
Genre : Business & Economics
File Size : 78.13 MB
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Commodities permeate virtually every aspect of modern daily living, but for all their importance—their breadth, their depth, their intricacies, and their central role in daily life—few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom--shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry. Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China’s rush for resources across all regions of the world. The scale of China’s resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history. To be sure, China is not the first country to launch a global crusade to secure resources. From Britain’s transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860’s and 1870’s, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries. So too is China’s resource rush today. Although still in its early stages, already the breadth of China’s operation is awesome, and seemingly unstoppable. China’s global charge for commodities is a story of China’s quest to secure its claims on resource assets, and to guarantee the flow of inputs needed to continue to drive economic development. Moyo, an expert in global commodities markets, explains the implications of China’s resource grab in a world of diminishing resources.
Category: Business & Economics

Edge Of Chaos

Author : Dambisa Moyo
ISBN : 9780465097470
Genre : Business & Economics
File Size : 24.13 MB
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From an internationally acclaimed economist, a provocative call to jump-start economic growth by aggressively overhauling liberal democracy Around the world, people who are angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes. Liberal democracy, history's greatest engine of growth, now struggles to overcome unprecedented economic headwinds--from aging populations to scarce resources to unsustainable debt burdens. Hobbled by short-term thinking and ideological dogma, democracies risk falling prey to nationalism and protectionism that will deliver declining living standards. In Edge of Chaos, Dambisa Moyo shows why economic growth is essential to global stability, and why liberal democracies are failing to produce it today. Rather than turning away from democracy, she argues, we must fundamentally reform it. Edge of Chaos presents a radical blueprint for change in order to galvanize growth and ensure the survival of democracy in the twenty-first century.
Category: Business & Economics

Why Africa Is Poor

Author : Greg Mills
ISBN : 9780143529033
Genre : Political Science
File Size : 65.9 MB
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Economic growth does not demand a secret formula. Good development examples now abound in East Asia and further afield in others parts of Asia, and in Central America. But why then has Africa failed to realise its potential in half a century of independence? Why Africa is Poor demonstrates that Africa is poor not because the world has denied the continent the market and financial means to compete: far from it. It has not been because of aid per se. Nor is African poverty solely a consequence of poor infrastructure or trade access, or because the necessary development and technical expertise is unavailable internationally. Why then has the continent lagged behind other developing areas when its people work hard and the continent is blessed with abundant natural resources? Stomping across the continent and the developing world in search of the answer, Greg Mills controversially shows that the main reason why Africa's people are poor is because their leaders have made this choice.
Category: Political Science

Famine Crimes

Author : Alexander De Waal
ISBN : 0253211581
Genre : Nature
File Size : 31.21 MB
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Famine is preventable. The persistence of famine reflects political failings by African governments, western donors and international relief agencies. Can Africa avoid famine? When freedom from famine is a basic right or a political imperative, famine is prevented. Case studies from Ethiopia to Botswana demonstrate African successes - but they are often not acknowledged or repeated. Who is responsible for the failures? African generals and politicians are the prime culprits for creating famines in Sudan, Somalia and Zaire, but western donors abet their authoritarianism, partly through imposing structural adjustment programmes. What is the role of International relief agencies? Despite prodigious expenditure and high public profile, relief agencies often do more harm than good. From Biafra to Rwanda, relief has helped to fuel war and undermine democratic accountability. As the influence and resources of UN agencies and NGOs have grown, the chances for effective local solutions have diminished. What is the way forward? Humanitarian intervention and other high-profile relief operations have failed. Progress lies in bringing the fight against famine into democratic politics, and calling to account those guilty of creating famine.
Category: Nature

Emerging Africa

Author : Steven C. Radelet
ISBN : 9781933286518
Genre : Political Science
File Size : 83.15 MB
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Since 1995, 17 African countries have defied expeotations and have launched a remarkable, if little-noticed, tumaround, Emerging Africa describes this revitalization and why it is likely to continue. "Steve tosses out the stereotypes and unearths reality...A meticulous and fascinating account of sub-Saharan Africa's most successful economies."---Bono, lead singer of U2 and co-founder of ONE and (RED) "Steve Radelet's comprehensive analysis provides further grounds for optimism that improved macroeconomic management in a significant number of countries is producing tangible results, including resilience to recent shocks. It makes an important contribution to mounting evidence of sustainable economic improvements across the continent, while being realistic about the effort needed to tackle remaining challenges."---Antoinette Monsio Sayeh, former Minister of Finance of Liberia and Director, African Department, International Monetary Fund "Africa is too often used as a blunt weapon to score points in debates about hopeless poverty or desperate need. Radelet uncovers the national success stories that are lost in `the Africa debate,' He has done Africa and the citizens of these good performers a great favor."---Lord Mark Malloch-Brown, Monitor Group, former Minister of State, United Kingdom "African is in flux. Many countries have learned from past mistakes and now face huge new opportunities. Yet much of this has gone unnoticed. Radelet's important book will open your eyes to the new realities."---Paul Collier, Oxford University, author of The Bottom Billion
Category: Political Science