Wednesday, December 17, 2008

Dead Aid: Destroying the Biggest Global Myth of Our Time


Via Africa Unchained, notice of an upcoming book by Dambisa Moyo:

"Dead Aid analyses the history of economic development over the last fifty years and shows how Aid crowds out financial and social capital and directly causes corruption; the countries that have caught up did so despite rather than because of Aid. There is, however, an alternative. Extreme poverty is not inevitable. Dambisa Moyo also shows how, with improved access to capital and markets and with the right policies, even the poorest nations could be allowed to prosper...[continue reading]-Global Investor Bookshop"

While I'll wait for the book's evidence to agree or disagree on the failure of Aid, Moyo's push for access to capital and markets as the best sustainable solution to poverty lines up directly with personal observations from a brief stint in the Aid industry and research since.

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