Why Aid Is Not Working And How There Is A Better Way For...

Today, developed countries perceive development aid to be a positive solution to promote growth in developing countries. Over the past 50 years, more than $1 trillion development aid has been sent to Africa (xviii). In Dambisa Moyo’s book, Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa, she claims that aid has only hindered Africa. Decreasing economic growth and producing an aid dependent country. In order for Africa to break away from this detrimental aid cycle, Moyo suggests a five to ten year solution where Africa is no longer given aid and is left to its own vices to formulate an alternative development plan where they can finance their own growth. In this compelling and noteworthy book, Dambisa Moyo offers an alluring solution to Africa’s development stunt which would produce an aid-independent country, long -term economic growth, and increased poverty alleviation. Her ideas are uplifting as they force Africa to look to itself and advocat es for a country that is controlled by its people, for its people. In Dead Aid, Dambisa Moyo, a Zambian raised economist who has previous experience working for Goldman Sachs and the World Bank, argues that aid is not working and Africa should look at alternate, aid-free solutions to finance its development. Moyo begins with the history of aid. Claiming aid to Africa was the result of US political interest after the cold war, which eventually shifted to a focus of poverty alleviation, following a surge in oilShow MoreRelatedDead Aid : Why Aid Is Not Working And How There Is A Better Way For Africa Essay1024 Words   |  5 Pageslivelihoods of citizens; just like their coequals in other parts of the world. Yet, sub-saharan Africa is home to the majority of the world’s poor ( Moyo, 2009). The issue of underdevelopment in this part of the world and the probable cause (though there are other factors) is what Dambisa Moyo, an African herself, seeks to address in her book, â€Å"Dead Aid: Why Aid is Not Working and How There is A Better Way for Africa.† Moyo was born and raised in the southern African country of Zambia. She holds a master’sRead MoreSummary Of Dead Aid : Why Aid Is Not Working And How There Is A Better Way For Africa1308 Words   |  6 PagesHow to Improve: Africa Is Aid Helping or Hindering Development As we were able to see in the Webtext, No More Aid To Africa, Dambisa Moyo a native of South Africa explains why she believes no more aid should be given to Africa. Her argument is provocative: not only has international aid not helped African countries modernize, it’s actually responsible for keeping the continent underdeveloped. In 2009 the economist laid out her case in the bestselling book Dead Aid: Why Aid is Not Working and HowRead MoreAnalysis of Dambisa Moyo ´s Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa678 Words   |  3 PagesDambisa Moyo, originally from Zambia, is an economist and author of the controversial book: Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa. This very controversial book explores foreign aid and how it has harmed Africa, and in turn she offers ‘solutions’ to how Africa can thrive without foreign aid. Moyo offers four sustainable sources of funding which will allow Africa to flourish: free trade in agricultural goods, the encouragement of financial intermediation, large scaleRead MoreHiv Is A Human Immunodeficiency Virus1721 Words   |  7 Pagesleads to AIDS, due to their parents. HIV is a Human Immunodeficiency Virus. If HIV is left untreated, it can lead to AIDS, which is an acquired Immunodeficiency Syndrome. 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