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Summary
Summary
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 rejectedthe 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.
Author Notes
Dambisa Moyo received an undergraduate degree in chemistry and an MBA in finance from American University, an MPA from Harvard University, and a PhD in economics from Oxford University. She was a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs. She has written several books including Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead, and Winner Take All: China's Race for Resources and What It Means for the World. Her work regularly appears in economic and finance-related publications including the Financial Times, the Economist, and the Wall Street Journal. In 2009, she was named by Time as one of the 100 Most Influential People in the World and was named to the World Economic Forum's Young Global Leaders Forum. In 2012 his title Winner Take All China's Push for Resources and What It Means for the World made The New York Times Best Seller List.
(Bowker Author Biography)
Reviews (4)
Publisher's Weekly Review
In this important analysis of the past fifty years of international (largely American) aid to Africa, economist and former World Bank consultant Moyo, a native of Zambia, prescribes a tough dose of medicine: stopping the tide of money that, however well-intentioned, only promotes corruption in government and dependence in citizens. With a global perspective and on-the-ground details, Moyo reveals that aid is often diverted to the coffers of cruel despotisms, and occasionally conflicts outright with the interests of citizens-free mosquito nets, for instance, killing the market for the native who sells them. In its place, Moyo advocates a smarter, though admittedly more difficult, policy of investment that has already worked to grow the economies of poor countries like Argentina and Brazil. Moyo writes with a general audience in mind, and doesn't hesitate to slow down and explain the intricacies of, say, the bond market. This is a brief, accessible look at the goals and reasons behind anti-aid advocates, with a hopeful outlook and a respectful attitude for the well-being and good faith of all involved. (Mar.) Copyright 2009 Reed Business Information.
Booklist Review
The $1 trillion in U.S. aid granted to African nations since the 1940s has hurt rather than helped nations struggling with corruption, poverty, and disease, according to Moyo, an economist born in Zambia. She laments the fact that too many African nations, despite enormous natural resources, have become dependent on aid as the generally low-rate, long-term capital has become a cultural commodity, with worldwide appeals now made by top celebrities. Moyo begins with a history of U.S. aid, including its use in the cold war, and details frequent abuse as dictators have lined their pockets and aid agencies have actually hurt budding small businesses. Many African nations have shown declining economic growth as a result of dependence on aid. Moyo advocates the gradual reduction in aid over five to 10 years, and suggests that Africa follow the examples of Asia, accessing the international bond market and making large-scale investments in infrastructure, as well as pressing for free-trade policies on agricultural products. This is a passionate and controversial look at past and future aid to Africa.--Bush, Vanessa Copyright 2009 Booklist
New York Review of Books Review
MENTION Africa in polite company, and those around you may grimace, shake their heads sadly and profess sympathy. Oh, all those wars! Those diseases! Those dictators! Naturally, that sympathy infuriates Africans themselves, for the conventional view of Africa as a genocide inside a failed state inside a dictatorship is, in fact, wrong. In the last few years, Africa over all has enjoyed economic growth rates of approximately 5 percent, better than in the United States (although population growth is also higher). Africa has even produced some "tiger cub" economies, like Botswana and Rwanda, that show what the continent is capable of. (A new Web site, See Africa Differently, specifically aims to present a more positive image of the continent.) The bane of Africa is war, but the number of conflicts tearing apart the continent has dwindled. The murderous old buffoons like Idi Amin are gone, and we're steadily seeing the rise of highly skilled technocrats, who accept checks on their power and don't regard the treasury as their private piggy bank. The Rwandan cabinet room is far more high-tech than the White House cabinet room, and when you talk to new leaders like Ellen Johnson Sirleaf of Liberia you can't help wondering about investing your 401(k) in Liberian stocks. Richard Dowden's "Africa: Altered States, Ordinary Miracles" aims in part to correct the negative stereotypes. Dowden, a veteran British journalist who now heads the Royal African Society, has been bouncing around the continent since 1971 and covers a great deal of ground. Much of the text is travelogue that I found a yawn. But Dowden is at his best when looking at grand themes - like the degree to which Africa is more promising than journalists or aid workers often acknowledge. "The media's problem is that, by covering only disasters and wars, it gives us only that image of the continent," Dowden writes - and 90 percent of the Africans reading this are now nodding at that line. "Persistent images of starving children and men with guns have accumulated into our narrative of the continent." "The aid industry too has an interest in maintaining the image of Africans as hopeless victims of endless wars and persistent famines," Dowden continues. "However well intentioned their motives may once have been, aid agencies have helped create the single, distressing image of Africa. They and journalists feed off each other." In particular, Dowden lets loose at celebrities like Bob Geldof and politicians like Tony Blair with their "messianic mission to save Africa." As Dowden writes: "That set teeth on edge. It sounded like saving Africa from the Africans." I've thought a good deal about these issues, partly because I'm often a purveyor of columns about war and disaster in Africa, from Darfur to Congo to AIDS in southern Africa. And frankly, it's discomfiting to feel that I'm helping Africa by exposing such catastrophes, and then have African leaders complain - as they do - that such reporting undermines their access to foreign investment and their ability to expand their economies and overcome poverty. My own take is that we in the news media and in the aid world can and should do a much better job providing context and acknowledging successes. Yet the problem surely isn't that the news media have overdone coverage of the disasters. Congo is the most lethal conflict since World War II, costing about five million lives since 1998, and it has dragged on partly because journalists haven't done a better job propelling it onto the international agenda You'll never persuade me that we've over-covered the slaughter in Congo - our sin is that we didn't scream enough, not that we screamed too much. I agree more with Dowden's point that Africans must be more central to the narrative. As he writes: "Aid agencies, Western celebrities, rock stars and politicians cannot save Africa. Only Africans can develop Africa Outsiders can help, but only if they understand it, work with it." It's true that the most successful and cost-effective interventions are typically not those started by a grand conference in a capital; rather, they are the grass-roots efforts started by local people with local knowledge addressing local needs. We could do much more to support such efforts, with us Westerners serving as aides and financiers to African social entrepreneurs. After discussing these themes in the opening of his book, Dowden takes us on a wearisome sight-seeing excursion through Somalia, Sudan, Zimbabwe, Uganda Burundi and Rwanda. But then the journey abruptly livens up when, hidden in a chapter on Senegal, there is a thoughtful discussion of why Africa is poor. Dowden chronicles the problems of colonialism and geography, but he also bluntly points the finger at wretched leadership. He quotes Jerry Rawlings, the former Ghanaian ruler, as acknowledging that outsiders were not to blame and adding, "We broke the pot." One of Africa's problems to this day is that there is very little manufacturing of the kind that is powering Asia's industrial revolution. The sweatshops of Asia look unpalatable to Westerners, but it's sometimes said that in a poor country the only thing worse than being exploited is not being exploited. Employment opportunities in Africa are meager and rarely involve wealth creation. "Many African friends who tried to get a business enterprise going," Dowden writes, "all reported the same problems: workers did not turn up on time, they had no urgency and they delivered sloppy work. Often they found themselves blocked by rivals. The elites who made money out of importing and exporting had an interest in preventing the development of local manufacturing or processing." One of the best American aid programs is almost unknown but addresses this problem. It's called AGOA - the African Growth and Opportunity Act - and it offers duty-free import of African manufactured goods into America to encourage the rise of a vibrant business sector in Africa. Dowden tends to be skeptical about the benefits of aid. "It is significant that none of the most passionate advocates of aid for Africa are African," he says. He acknowledges that aid can help with vaccination programs and emergency relief and in some kinds of development but adds that "aid from the outside cannot transform whole societies." This is also the argument of a controversial new book by an Oxford-educated Zambian, Dambisa Moyo, called DEAD AID: Why Aid Is Not Working and How There Is a Better Way for Africa (Farrar, Straus & Giroux, $24). Dowden would like to see Western countries help in ways other than simply offering aid. Ending agricultural subsidies in the West, for example, would be a huge benefit to the many African farmers who have to compete. West African cotton farmers suffer not only from droughts, corruption and wretched roads, but also from America's cotton subsidies. I'm more sympathetic to aid (while acknowledging its myriad shortcomings) than Dowden is, but he's on target in most areas. In particular, I think his basic optimism is well founded, with the caveat that climate change may wreak particular havoc in Africa. We journalists tend to cover Africa in stark and simple contrasts, but countries live and grow and falter in grays. So it's refreshing to encounter not only Dowden's hopefulness, but also his reliance on shading and nuance, on the recognition that the world does not have to feel sorry for Africa to care about it. Nicholas Kristof is a Times columnist and the co-author, with Sheryl WuDunn, of the forthcoming "Half the Sky: Turning Oppression Into Opportunity for Women Worldwide."
Library Journal Review
Economist Moyo (former head, Economic Research and Strategy for Sub-Saharan Africa, Goldman Sachs) makes a startling assertion: charitable aid to African nations is not just ineffective-it is worse than no aid. Moyo, who was born and raised in Zambia, joins a small but growing number of observers (including microfinance expert Muhammad Yunnus) who argue that charity from Western nations cripples African governments by fostering dependency and corruption without requiring positive change. Deriding efforts to increase giving by foreign celebrities like U2 singer Bono as out of touch with the real needs of African countries, Moyo instead proposes solutions like new bond markets, microfinancing, and revised property laws. Moyo also singles out commercial investment from the Chinese (rather than general aid) and holds it up as an example for other nations to follow in the future. Whether one agrees or disagrees with Moyo's argument for such capitalist intervention in Africa, this straightforward and readable work should provide some food for thought.-April Younglove, Linfield Coll. Lib., Portland, OR (c) Copyright 2010. Library Journals LLC, a wholly owned subsidiary of Media Source, Inc. No redistribution permitted.
Excerpts
Excerpts
Introduction We live in a culture of aid. We live in a culture in which those who are better o. subscribe - both mentally and financially - to the notion that giving alms to the poor is the right thing to do. In the past fifty years, over US$1 trillion in development-related aid has been transferred from rich countries to Africa. In the past decade alone, on the back of Live 8, Make Poverty History, the Millennium Development Goals, the Millennium Challenge Account, the Africa Commission, and the 2005 G7 meeting (to name a few), millions of dollars each year have been raised in richer countries to support charities working for Africa. We are made to believe that this is what we ought to be doing. We are accosted on the streets and goaded with pleas on aeroplane journeys; letters flow through our mail boxes and countless television appeals remind us that we have a moral imperative to give more to those who have less. At the 2001 Labour conference, the UK's Prime Minister of the time, Tony Blair, remarked that 'The State of Africa is a scar on the conscience of the world', and that the West should 'provide more aid' as, thus far, amidst the multiple problems facing Africa, the continent had received inadequate amounts of aid.¹ Deep in every liberal sensibility is a profound sense that in a world of moral uncertainty one idea is sacred, one belief cannot be compromised: the rich should help the poor, and the form of this help should be aid. The pop culture of aid has bolstered these misconceptions. Aid has become part of the entertainment industry. Media figures, film stars, rock legends eagerly embrace aid, proselytize the need for it, upbraid us for not giving enough, scold governments for not doing enough - and governments respond in kind, fearful of losing popularity and desperate to win favour. Bono attends world summits on aid. Bob Geld of is, to use Tony Blair's own words, 'one of the people that I admire most'. Aid has become a cultural commodity. Millions march for it. Governments are judged by it. But has more than US$1 trillion in development assistance over the last several decades made African people better o.? No. In fact, across the globe the recipients of this aid are worse o.; much worse off Aid has helped make the poor poorer, and growth slower. Yet aid remains a centrepiece of today's development policy and one of the biggest ideas of our time. The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but have increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world. How this happened, how the world was gripped with an idea that seemed so right but was in fact so wrong, is what this book is about. Dead Aid is the story of the failure of post-war development policy. Step by step it will dismantle the assumptions and arguments that have supported the single worst decision of modern developmental. politics, the choice of aid as the optimum solution to the problem of Africa's poverty. The evidence is as startling as it is obvious. It will contrast countries which have rejected the aid route and prospered with others which have become dependent on aid and been trapped in a vicious circle of corruption, market distortion and further poverty - and thus the 'need' for more aid. Others before me have criticized aid. But the myth of its effectiveness persists. Dead Aid will offer a new model for financing development for the world's poorest countries: one that offers economic growth, promises to significantly reduce African poverty, and most importantly does not rely on aid. This book is not a counsel of despair. Far from it. The book offers another road; a road less travelled in Africa. Harder, more demanding, more difficult, but in the end the road to growth, prosperity, and independence for the continent. This book is about the aid-free solution to development: why it is right, why it has worked, why it is the only way forward for the world's poorest countries. Excerpted from DEAD AID by Dambisa Moyo Copyright (c) 2009 by Dambisa Moyo Published in 2009 by Farrar, Straus and Giroux All rights reserved. This work is protected under copyright laws and reproduction is strictly prohibited. Permission to reproduce the material in any manner or medium must be secured from the Publisher. Excerpted from Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.
