Africans should grasp the many means and opportunities available to them for improving the quality of life.
Her message is that 'Africa's time is now': It is time for Africans to assume full control over their economic and political destiny. Dead Aid, by Dambisa Moyo, explores the malignant nature of aid, thus challenging traditional views which accredit foreign aid with reducing poverty through. “Dambisa Moyo makes a compelling case for a new approach in Africa. Thousands of shellfish wash up dead on north-east England’s coast. Previously, she was an economist at Goldman Sachs, where she worked for nearly a decade, and was a consultant to the World Bank in Washington. Seal’s mystery ability to tolerate toxic metal could aid medical research, say scientists. She is the author of the brilliantly argued Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa and How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead. Dambisa Moyo’s Dead Aid: Why Aid Is Not Working and How There Is Another Way for Africa International Journal of Engineering Social Justice and Peace DOI: Authors: Julian OShea Abstract This.
Her latest book, Winner Take All: China’s Race for Resources and What It Means for the World, looks at how commodities markets influence much more than the global economy - and examines the possible consequences of China's unprecedented rush for commodities such as oil, minerals, water, and food, including the looming specter of commodity-driven conflict. She has travelled to more than 60 countries over the past decade, studying the political, economic and financial workings of emerging economies, in particular the BRICs and the frontier economies in Asia, South America, Africa and the Middle East. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.Dambisa Moyo's work examines the interplay between rapidly developing countries, international business, and the global economy - while highlighting opportunities for investment.
Provocatively drawing a sharp contrast between African countries that have rejected the 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.ĭebunking the current model of international aid promoted by both Hollywood celebrities and policymakers, 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.ĭead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa.
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