Kenny is going up against some notable critics. He writes a weekly column for as “The Optimist,” but he is a realist, too, and he brings an economist’s eye to this complicated topic. The book’s author is Charles Kenny, a senior economist on leave from the World Bank and a fellow at the Center for Global Development and the New America Foundation. The title says it all: Getting Better: Why Global Development is Succeeding-and How We Can Improve the World Even More. It improves people’s lives and makes the world a better and safer place.įortunately, an elegant and deeply researched new book has come along to reframe the debate and tip it, I hope, in a new direction.
Not only pointing out the limitations of foreign aid, Moyo also proposes a new roadmap for development assistance programs for the poorest countries in the world – a roadmap that ensures significant economic growth and poverty reduction without making these countries dependent on foreign aid.Stepping into the public square to announce that foreign aid is important and effective can be lonely work.Īs someone who has attempted to make that case over the past decade, I can assure you that the world is often eager to hear just the opposite.Īid money can and does work. Millions of people still live in poverty and backwardness.īy comparing African countries that refused aid and other countries that depended on aid, Moyo also clarifies the fact that pouring billions of dollars into Africa has left many African nations in a terrifying trap: over-reliance on foreign aid, rampant corruption, market distortions, and aggravation of poverty situation. However, Moyo indicates that in fact, poverty in Africa keeps increasing while the growth rate is continuously decreasing. In the book “ Dead aid – why aid is not working and how there is a better way for Africa”, not only does the Economist – Dambisa Moyo reveal the current status of development policies in Africa but he also does not hesitate to condemn one of the grandiose “achievements” that rich countries often take pride in providing billions of dollars of foreign aid that is believed to reduce poverty and promote the growth of African countries. Paradoxically, the lives of people who received aid are even worse. Does such a large amount of aid help to improve the lives of African people? Unfortunately, the answer is NO. Over the past 50 years, rich countries have provided more than one trillion dollars for Africa in order to promote the development of this continent. Dead aid: why aid is not working and how there is a better way for Africa.
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