Is Aid Killing Africa? Dambisa Moyo talks about Dead Aid on ABC
Read the first few pages of Dead Aid in The Washington Post.
Question: If people want to help out, what do you think they should do with their money if not make donations?
Moyo’s answer: Microfinance. Give people jobs.
Cato Institute Video and Podcast
Watch this talk between Moyo and Todd Moss of the Center for Global Development. He warns against generalizing all aid as bad and draws from his personal experience. Although, his praise of aid working in Ghana may falter in light of recent events.
Why Dead Aid is Dead Wrong
This review is written by ODI Executive Director Kevin Watkins. He criticizes Moyo’s anti-aid theory and believes “the real debate should be over how to increase aid effectiveness.” Thanks to Aid Leap for pointing this one out.
1. According to Moyo, why do different approaches to aid fail?
2. What are some reasons we continue to use aid though there is evidence it is not effective?
3. Are free markets a fair playing field and not another instrument of the West?
4. Are African countries hurting each other’s economic growth?
5. What are the benefits of a market approach to development?
Add your questions below.
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.