Dead Aid

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 worse. In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Provocatively drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the "need" for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty—without reliance on foreign aid or aid-related assistance. Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

A national bestseller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing development of the world's poorest countries. Much debated in the United States and the United Kingdom on publication, Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries.

A bold account of the decline of the West's economic supremacy and radical solutions to reverse the drift. Bestselling author Dambisa Moyo gives a fresh insider's perspective on the erosion of Western power over the past 50 years. She examines how the West's flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to favour the emerging world. Moyo is uniquely positioned to examine the West's errors and the techniques the emerging countries used to rise on the global economic stage: As a former economist and banker she gives a new perspective on the dramatic shifts in the global economy Her "Wall Street" vantage point captures the nuances of what role the financial sector had in the decline of Western power Her world view as someone neither from the West nor from any of the emerging countries produces an unbiased, non-Western analysis Moyo daringly claims that the West can no longer afford to regard the up-and-comers simply as menacing gatecrashers and proposes radical solutions it needs to adopt in order to reassert itself as a global economic power.

From an internationally acclaimed economist, a provocative call to jump-start economic growth by aggressively overhauling liberal democracy Around the world, people who are angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes. Liberal democracy, history's greatest engine of growth, now struggles to overcome unprecedented economic headwinds--from aging populations to scarce resources to unsustainable debt burdens. Hobbled by short-term thinking and ideological dogma, democracies risk falling prey to nationalism and protectionism that will deliver declining living standards. In Edge of Chaos, Dambisa Moyo shows why economic growth is essential to global stability, and why liberal democracies are failing to produce it today. Rather than turning away from democracy, she argues, we must fundamentally reform it. Edge of Chaos presents a radical blueprint for change in order to galvanize growth and ensure the survival of democracy in the twenty-first century.

Newspaper headlines and media commentators scream warnings of the impending doom nearly every day—shortages of arable land, clashes over water, and the political Armageddon as global demand for energy in the form of fossil fuels far outstrips any possible supply. The picture painted is bleak, and the possible impact of commodities markets on how we live is far-reaching, but our grasp of the details and the mega shifts in the commodity space remains blurred. There’s so much noise surrounding resource scarcity and China’s emerging dominance in commodities that we risk complacency. Overturning our assumptions, bestselling author Dambisa Moyo charts the commodity dynamics that the world will face over the next several decades, and the implications of China’s rush for resources across all regions of the world, from Africa to Latin America, from North America to Europe to Australia.

Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries. A bold fusion of ethics and smart business, The Aid Trap shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.

The extraordinary humanitarian Samantha Nutt gives a bracing and uncompromising account of her work in some of the most devastated corners of the world - and a new, provocative vision for changing course on growing militarisation. It is a brilliant distillation of Dr Nutt's observations over the course of 15 years providing hands-on care in some of the world's most violent flashpoints. Combining original research with her personal story, it is a deeply thoughtful meditation on war as it is being waged around the world against millions of civilians.