Dead Aid

Dambisa Moyo (2009)

DambisaMoyo_DeadAidA sustained attack on Western aid to Africa.  Not only has aid been largely impotent, asserts Moyo, it has done actual harm.

Many will disagree, but I happen to feel that it being written by a Zambian counts for something.  The experience of truly having lived in the ‘developing world’ is one that too few influential development economists share.  It’s one reason (there are many others) why, when then likes of Ha-Joon Chang and Dambisa Moyo talk development economics, attention is warranted.

Moyo prescribes a whole-hearted embrace of private-sector finance, and is enthusiastic about China’s business-oriented approach to Africa.

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