Dead Aid
Dambisa Moyo
What if the aid meant to save Africa is part of what keeps it poor?
Moyo argued that decades of concessional aid to Africa fostered dependency, propped up unaccountable governments, and crowded out the entrepreneurship that drives growth. As an African economist attacking the aid model from within, she proposed weaning states off aid in favor of bond markets, trade, foreign investment, and microfinance. The polemic sharpened the aid-effectiveness debate and drew forceful rebuttals.
Its legacy. It gave the anti-aid argument a prominent African voice.
- Author
- Dambisa Moyo
- First published
- 2009
- Genre
- Development economics
- Theme
- Political Economy and Development
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