Dead Aid: Why Aid Makes Things Worse and How There Is Another Way for Africa

Dambisa Moyo's Dead Aid reveals why millions are actually poorer because of aid, unable to escape corruption and reduced, in the West's eyes, to a childlike state of beggary. We all want to help. Over the past fifty years $1 trillion of development aid has flowed from Western governments to Africa, with rock stars and actors campaigning for more. But this has not helped Africa. It has ruined it. Dead Aid shows us another way. Using hard evidence to illustrate her case, Moyo shows how, with access to capital and with the right policies, even the poorest nations can turn themselves around. First we must destroy the myth that aid works - and make charity history. 'Articulate, self-confident and angry ... this book marks a turning point' Spectator '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' Sunday Herald Books of the Year 'Dambisa Moyo makes a compelling case for a new approach' Kofi Annan 'This reader was left wanting a lot more Moyo, a lot less Bono' Niall Ferguson Dambisa Moyo worked at Goldman Sachs for eight years, having previously worked for the World Bank as a consultant. Moyo completed a PhD in Economics at Oxford University, and holds a Masters from Harvard University Kennedy School of Government. Her other books include Winner Take All and How the West was Lost. She was born and raised in Lusaka, Zambia.