Dead Aid is one of the most requested books so far. Aid is the primary way the developing world receives assistance so it is understandable that its effectiveness is highly contested. Dambisa Moyo critiques the aid industry for relying on Western institutions that impair the third world under the guise of helping it develop.
Thus far we have read from Easterly that enterprise is better than aid, from Collier that aid is effective in the right way, and Sachs that aid should be increased. Moyo introduces us to another alternative -no aid. She writes that the purpose of Dead Aid is to dismantle the belief that, “the rich should help the poor, and the form of this help should be aid.”
Moyo aims to prove that not only does aid not reduce poverty -it causes poverty. This book offers an exit strategy for stopping aid dependence and a model for advancing economic development through global and domestic markets.
Dr. Moyo is an economist who has worked for the World Bank and Goldman Sachs. She writes regularly about economics and global affairs. You can stay updated on her current thoughts at twitter.com/dambisamoyo.
Find it at a library near you. Discussion questions to follow.