Dead Aid
Book description
In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much…
Why read it?
2 authors picked Dead Aid as one of their favorite books. Why do they recommend it?
A colleague recommended this book, and I purchased a used one through Amazon. I found it very good reading on the dynamics of development aid and the regime of corruption and redundancy that often accompany it.
A very interesting and perhaps passionate take on the influence of foreign aid on development in Africa. Portrays the fact that aid can be both counterproductive and engendering of corruption in Africa. It advocates for both a nuanced and strategic deployment of such aid; limitation on aid as the only source of development funding; and enumerated other ways the international community can play a…
From Edlyne's list on development in Africa.
Development aid is a type of foreign aid that is directed at the economic development of recipient countries. The failures of government-to-government development aid in Africa are Moyo’s focus. She notes that Africa is the only region that is regressing in major socio-economic indicators. She argues such aid distorts African economies, enables corruption, and incubates a culture of aid dependency. African governments can afford not to provide public goods because their revenue is guaranteed by development aid. To remedy such externalities, Moyo wants to end development aid to Africa. Instead of aid, she prefers free trade with the West and…
From Bann's list on using foreign aid to do good in a realistic way.
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