Dead Aid Why Aid Is Not Working and How There Is a Better Way for Africa (Paperback)
| Author: Dambisa Moyo | Foreword By: Niall Ferguson |
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Product Details:
Format: Paperback
Publisher: Farrar Straus & Giroux
ISBN-10: 0374532125
ISBN-13: 9780374532123
Sku: 211579179
Publish Date: 3/2/2010
Pages:
188
See more in International Relations / General
| Argues that billions of dollars in aid sent from wealthy countries to developing African nations does not help reduce poverty and increase growth and offers a bold new road map for financing development of the worlds poorest countries. Reprint. A best-selling book. *Author: Moyo, Dambisa *Subtitle: Why Aid Is Not Working and How There Is a Better Way for Africa *Publication Date: 2010/03/02 *Number of Pages: 188 *Binding Type: Paperback *Language: English *Depth: 0.75 *Width: 5.50 *Height: 8.25 |
Annotation:
With the approach of the 25th anniversary of the legendary Live Aid concert of 1985, music fans will likely be re-living the memory of watching unforgettable performances by Paul McCartney, The Who, Led Zeppelin, Madonna, and U2. Perhaps some will wonder what ever happened to some of the less notable performers, such as the Thompson Twins, the Boomtown Rats, and Spandau Ballet. Unfortunately, few are likely to speculate on the whereabouts or the lasting effects of the 30-40 million dollars that was raised for Africa by the concert. Dambisa Moyo, a former consultant for the World Bank, presents a startling argument that Live Aid and other mass donations of funds to Africa have only exacerbated the poverty and strife of the continent. Moyo incisively explains that those donations are inevitably funneled into the coffers of dictators and corrupt political officials, thus furthering the gap between the classes and encouraging more crime and violence among the people. The constant flow of money from the west has by now become an expected source of revenue for many African nations, a certainty that increases the likelihood that the funds will be mismanaged, wasted, and embezzled.
With the approach of the 25th anniversary of the legendary Live Aid concert of 1985, music fans will likely be re-living the memory of watching unforgettable performances by Paul McCartney, The Who, Led Zeppelin, Madonna, and U2. Perhaps some will wonder what ever happened to some of the less notable performers, such as the Thompson Twins, the Boomtown Rats, and Spandau Ballet. Unfortunately, few are likely to speculate on the whereabouts or the lasting effects of the 30-40 million dollars that was raised for Africa by the concert. Dambisa Moyo, a former consultant for the World Bank, presents a startling argument that Live Aid and other mass donations of funds to Africa have only exacerbated the poverty and strife of the continent. Moyo incisively explains that those donations are inevitably funneled into the coffers of dictators and corrupt political officials, thus furthering the gap between the classes and encouraging more crime and violence among the people. The constant flow of money from the west has by now become an expected source of revenue for many African nations, a certainty that increases the likelihood that the funds will be mismanaged, wasted, and embezzled.
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