{"product_id":"dead-aid-why-aid-is-not-working-and-how-there-is-a-better-way-for-africa-by-dambisa-moyo-and-niall-ferguson-rare-books","title":"Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo and Niall Ferguson [rare books]","description":"\u003ch2\u003eBook Summary\u003c\/h2\u003e\n\u003cp data-start=\"78\" data-end=\"155\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eIn \u003cem data-start=\"3\" data-end=\"13\"\u003eDead Aid\u003c\/em\u003e (2009), Zambian economist \u003cstrong data-start=\"40\" data-end=\"56\"\u003eDambisa Moyo\u003c\/strong\u003e delivers a sharp critique of traditional foreign aid to African governments. Despite over\u003c\/span\u003e $\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003e1 trillion dispatched to Africa since the 1960s, widespread poverty, weak institutions, and corruption persist. She argues that aid:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul data-start=\"157\" data-end=\"397\"\u003e\n\u003cli data-start=\"157\" data-end=\"237\"\u003e\n\u003cp data-start=\"159\" data-end=\"237\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003e\u003cstrong data-start=\"0\" data-end=\"22\" data-is-only-node=\"\"\u003eCreates dependency\u003c\/strong\u003e, removing incentives for governments to raise domestic \u003c\/span\u003e.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"238\" data-end=\"318\"\u003e\n\u003cp data-start=\"240\" data-end=\"318\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003e\u003cstrong data-start=\"0\" data-end=\"22\" data-is-only-node=\"\"\u003eUndermines markets\u003c\/strong\u003e, harming local producers—as when free mosquito nets undercut small businesses\u003c\/span\u003e .\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"319\" data-end=\"397\"\u003e\n\u003cp data-start=\"321\" data-end=\"397\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003e\u003cstrong data-start=\"0\" data-end=\"27\" data-is-only-node=\"\"\u003eProlongs bad governance\u003c\/strong\u003e, enabling kleptocrats and eroding citizens' political voice\u003c\/span\u003e .\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"399\" data-end=\"436\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eInstead, Moyo proposes a bold shift—a five-year \"exit plan\" to phase out government-to-government aid, replaced by:\u003c\/span\u003e\u003c\/p\u003e\n\u003cul data-start=\"438\" data-end=\"686\"\u003e\n\u003cli data-start=\"438\" data-end=\"520\"\u003e\n\u003cp data-start=\"440\" data-end=\"520\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eEngagement with \u003cstrong data-start=\"16\" data-end=\"35\"\u003ecapital markets\u003c\/strong\u003e (e.g., bonds) to foster fiscal discipline\u003c\/span\u003e.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"521\" data-end=\"603\"\u003e\n\u003cp data-start=\"523\" data-end=\"603\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003ePromoting \u003cstrong data-start=\"10\" data-end=\"34\"\u003etrade and investment\u003c\/strong\u003e, particularly with emerging economies like China and intra-African commerce\u003c\/span\u003e \u003cspan class=\"\" data-state=\"closed\"\u003e\u003cspan class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\"\u003e\u003c\/span\u003e\u003c\/span\u003e.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003cli data-start=\"604\" data-end=\"686\"\u003e\n\u003cp data-start=\"606\" data-end=\"686\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eLeveraging \u003cstrong data-start=\"11\" data-end=\"64\"\u003emicrofinancing, remittances, and entrepreneurship\u003c\/strong\u003e to unlock local growth\u003c\/span\u003e \u003cspan class=\"\" data-state=\"closed\"\u003e\u003cspan class=\"ms-1 inline-flex max-w-full items-center relative top-[-0.094rem] animate-[show_150ms_ease-in]\"\u003e\u003ca href=\"https:\/\/uscnpm.org\/2016\/10\/16\/book-review-dead-aid-why-aid-is-not-working-and-how-there-is-a-better-way-for-africa\/?utm_source=chatgpt.com\" rel=\"noopener\" alt=\"https:\/\/uscnpm.org\/2016\/10\/16\/book-review-dead-aid-why-aid-is-not-working-and-how-there-is-a-better-way-for-africa\/?utm_source=chatgpt.com\" class=\"flex h-4.5 overflow-hidden rounded-xl px-2 text-[9px] font-medium text-token-text-secondary! bg-[#F4F4F4]! dark:bg-[#303030]! transition-colors duration-150 ease-in-out\" target=\"_blank\"\u003e\u003cspan class=\"relative start-0 bottom-0 flex h-full w-full items-center\"\u003e\u003cspan class=\"flex h-4 w-full items-center justify-between absolute\"\u003e\u003cspan class=\"-me-1 flex h-full items-center rounded-full px-1 text-[#8F8F8F]\"\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/span\u003e\u003c\/a\u003e\u003c\/span\u003e\u003c\/span\u003e.\u003c\/p\u003e\n\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp data-start=\"688\" data-end=\"768\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eOverall, Moyo reframes aid as a trap, offering a roadmap toward independence, sustainable economic development, and empowered governance\u003c\/span\u003e\u003c\/p\u003e\n\u003ch2 data-start=\"688\" data-end=\"768\"\u003e\u003cspan class=\"relative -mx-px my-[-0.2rem] rounded px-px py-[0.2rem] transition-colors duration-100 ease-in-out\"\u003eAbout the Author\u003c\/span\u003e\u003c\/h2\u003e\n\u003cp data-start=\"801\" data-end=\"1091\"\u003e\u003cstrong data-start=\"801\" data-end=\"817\"\u003eDambisa Moyo\u003c\/strong\u003e (b. 1969) is a Zambian economist with a Harvard master’s and Oxford Ph.D. She has worked with Goldman Sachs and the World Bank. \u003cem data-start=\"946\" data-end=\"956\"\u003eDead Aid\u003c\/em\u003e became a New York Times bestseller and made her a central voice in global development debates .\u003c\/p\u003e\n\u003cp data-start=\"1093\" data-end=\"1476\"\u003e\u003cstrong data-start=\"1093\" data-end=\"1115\"\u003eSir Niall Ferguson\u003c\/strong\u003e (co-author attribution unclear) is a Scottish-American historian known for his work in economic and imperial history. A professor at Harvard and senior fellow at Hoover Institution, Ferguson has authored influential books like \u003cem data-start=\"1343\" data-end=\"1351\"\u003eEmpire\u003c\/em\u003e and \u003cem data-start=\"1356\" data-end=\"1370\"\u003eCivilisation\u003c\/em\u003e, and is celebrated for his expertise in global financial systems .\u003c\/p\u003e","brand":"Clapping Pages","offers":[{"title":"Used","offer_id":45255603093690,"sku":"34N4EFQBL-Used","price":29.0,"currency_code":"AED","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0713\/5576\/0826\/files\/1_7c59df7f-de8b-4781-b6bb-44dcc894096f.jpg?v=1761116282","url":"https:\/\/clappingpages.com\/products\/dead-aid-why-aid-is-not-working-and-how-there-is-a-better-way-for-africa-by-dambisa-moyo-and-niall-ferguson-rare-books","provider":"Clapping Pages","version":"1.0","type":"link"}