April 16th 2010
Dead Aid. Why aid is not working and how there is a better way for africa. Dambisa Moyo.
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Dead Aid. Why aid is not working and how there is a better way for africa. Dambisa Moyo.2009. ISBN 9780374139568. The author, born in Zambia has a terrific CV – World Bank, Harvard, Oxford, Goldmann Sachs. This is a black African talking about how Africa can be, could be helped. She builds a compelling case First all the aid that has been poured into Africa has resulted in African people becoming poorer, not better off. Second the money (World bank et al) has found its way into “lucky hands” ie the corrupt rulers/administrators and resides in Swiss bank accounts. Third, Africa needs trade and investment such as being offered by China and India. Fourth, Inter african trade needs to be freed up ( A car cost $1500 to ship from Japan to The Ivory coast and a further $5000 to get it over a few borders) . Third Western nations need to stop sending aid and stop subsidizing their own farmers (who then dump product onto world markets – putting African s out of business) – free international trade. Then stop supporting the guys like Mugabe with “free money” Ask for results, roads, bridges and commodities from the investments (like the Chinese). Put the countries on notice that the aid will stop over five years. She has really got onto something and is passionate about it. I wonder if Rick Mercer realizes that if he ships free mosquito nets to Africa he is putting local manufacturers out of business? Better to buy locally. well written and rolls right along. Once again common sense is not that common. Less Bono and more Moyo. Someone should send this book to Steven Harper. The best thing is Moyo lays out how this can be done.
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Category: Leadership, Travel
