Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

The verdict pronounced by Dambisa Moyo is concise and offers no nuances: aid to subsanaran Africa must be held responsible for "corruption, inflation, the erosion of social capital, the weakening of institutions and the reduction of much-needed domestic investment" (p. 65), as well as &quo...

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Bibliographic Details
Published in:The International journal of African historical studies 2009, Vol.42 (3), p.493-495
Main Author: GERVAIS, RAYMOND R.
Format: Review
Language:English
Subjects:
African studies
Aid
Banks
Bond markets
Development studies
Inflation
Moyo, Dambisa
Online Access:Get full text
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Summary:The verdict pronounced by Dambisa Moyo is concise and offers no nuances: aid to subsanaran Africa must be held responsible for "corruption, inflation, the erosion of social capital, the weakening of institutions and the reduction of much-needed domestic investment" (p. 65), as well as "laziness on the part of the African policymakers" (p. 66). Associated with these failures are consequences such as corruption (pp. 51-57), weak civil societies (pp. 57-59), civil war (pp. 59-60), and brief overviews of more technical economic effects (pp. 60-65: reduction of savings, inflation, pressures on the export sector, and limits to the absorption capacity).
ISSN:0361-7882
2326-3016