About this title: 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.
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Description: NEW. Hardcover. From an inventory that is 100% brand-new, 100% direct from the publishers' distribution channel. We carry NO pre-owned, NO remaindered. We pack in CARDBOARD to ensure the pristine quality is maintained. (Bubble-wrap alone is NOT sufficient to protect from USPS equipment. ) Guaranteed brand-NEW, protected with CARDBOARD, your satisfaction is guaranteed. BKLUVID: 9780374139568. read more
Description: 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. read more
Edition: Eighth Impression
Binding: Hardcover
Publisher: Farrar, New York
Date Published: 2009
ISBN-13:9780374139568ISBN:0374139563
Description: Very Good in Very Good jacket. 12mo-over 6¾"-7¾" tall. pp. xx [3] 188. '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. " read more
"Very interesting perspective on how government to government aid is actually extremely harmful for Africa. Offers other options for how to create stable economies."
"This book is simultaneously eloquent, reasoned, and passionate. Dambisa Moyo, argues that international aid is destroying Africa, promoting government corruption and destroying the will for self-government on the continent.
I wish Dead Aid was longer. This reads like a tract (a very good one) rather than a book. Moyo makes several statements that looks like they would have wide application in other economic situations (her description of how aid causes local inflation, for example, opens up principles about how inflation works that I think we would benefit from applying to monetary policy.
Moyo seems loyal to the idea that governments should develop infrastructure which she calls "public goods." I am much more skeptical about the existence of those kinds of "public goods," but her point that local government is better equipped than international aid donors is beyond reproach.
Moyo has also insisted on giving legitimacy to protective trade policies on the part of developed countries. (I see this in interviews, and don't remember it as explicitly in the book.) I think trade policies that prevent African farmers from selling their goods to American consumers are evil and tyrannical, punishing both Americans and Africans. By having to pay inflated food prices, American exporters are themselves driven out of business where they cannot afford to raise their prices above the world market. In other words, restricting imports kills exports. It is a direct transfer of wealth from businesses attempting to sell overseas to those that remain domestic. It also keeps Africans in poverty and God hates it.
Moyo can be quite courageous and passionate but in this case, I'd like to see her insist on more freedom. She seems to want to give more authority to local governments in Africa (rather than have them under the control of aid suppliers) and thus cannot afford to criticize the policies of other governments.
But none of that really detracts from the book. She makes a great case against aid, extols China's trade with Africa, and suggests market strategies. She also makes clear she is not against emergency aid that saves lives, but she simply wants an acknowledgment that such aid is not a path to economic development."
"Her work is at times arrogant and overly simplistic, but the core thesis, that aid encourages corruption, undermines the emergence of a tax base from a middle class and frustates SMEs is well made (if by others who she quotes).
"Increases in foreign aid are correlated with declining domestic savings rates... private foreign capital and investment fall as aid rises...higher aid-induced consumption leads to an environment where much more money is chasing fewer goods... higher inflation." (p60)
I also learnt that 2/3rds of the AIDS money that Bush sent Africa was earmarked for "pro-abstinance programmes". That made me speechless with rage."
"This is so fascinating. The author dares to fly in the face of conventional wisdom that says more aid = a better Africa. A scholarly and persuasive examination of a topic most others would not dare to touch."
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