Dead Aid

Posted: December 13, 2010 by brfrese in Africa, Charity, Education, Poverty

Hey everyone! I know I have talked about Dead Aid this semester, but I haven’t really gotten into it too much. So, I thought now might be a good time to do so.

Dead Aid is a book that was written by an extremely intelligent woman — Dambisa Moyo. She completed her undergraduate at American University, got her MBA in Finance at America, a Masters  from Harvard and a Doctorate from Oxford. Wow. Additionally, she worked for Goldman Sachs for 10 years prior to writing her New York Times Bestesller — when she talks, she knows what she is saying.

 

 

She is particularly critical about aid to Africa, she believes it creates a cycle of dependency that leaves Africa no better off than it was before foreign nations (or in our case celebrities) got involved. Did you know that nations in Africa have received over 1 Trillion Dollars in the past 50 years? How much better off is Africa because of it? Think about what that level of economic involvement could do to a developing country that needs to establish its own infrastructures!

 

So,  I just wanted to give you a little more background on who Dambisa Moyo was. She is extremely educated in her field and I trust her opinion as an international economist because well, she is one. If anyone is interested you can purchase her book, or maybe find it at a library and read up on the effects we truly have in Africa.

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