Author(s): Dambisa Moyo
THERE IS NO DOUBT-
WE WANT TO HELP
The well-documented horrors of extreme poverty around the world have created a moral imperative that people have responded to in their millions.
Yet the poverty persists. At a time of unprecedented global prosperity, children are starving to death. Are we not being generous enough? Or is the problem somehow insoluble, an inevitable outcome of historical circumstance?
In this provocative and compelling book, Dambisa Moyo argues that the most important challenge we face today is to destroy the myth that Aid actually works. In the modern globalised economy, simply handing out more money, however well intentioned, will not help the poorest nations achieve sustainable long-term growth. DEAD AIDanalyses the history of economic development over the last fifty years and shows how Aid crowds out financial and social capital and directly causes corruption; the countries that have 'caught up' did so despite rather than because of Aid.
There is, however, an alternative. Extreme poverty is not inevitable. Dambisa Moyo also shows how, with improved access to capital and markets and with the right policies, even the poorest nations could be allowed to prosper.
If we really do want to help, we have to do more than just appease our consciences, hoping for the best, expecting the worst. We need first to understand the problem.
A damning assessment of the failures of sixty years of western development Financial Times Kicks over the traditional piety that Western aid benefits the third world -- Books Of The Year Sunday Herald Dambisa Moyo makes a compelling case for a new approach -- Kofi Annan Provocative ... incendiary ... a double-barrelled shotgun of a book Daily Mail This reader was left wanting a lot more Moyo, a lot less Bono -- Niall Ferguson