WHY AID: WHY AID IS NOT WORKING AND HOW THERE IS ANOTHER WAY FOR AFRICA

Abstract

Moyo’s book, Dead aid, aroused a huge debate late last year. The author, originally from Zambia, a country that has received significant aid from all corners of the world, notes that financial aid, far from alleviating endemic poverty, has actually plunged Africa into a greater poverty. From her studies of economics at Oxford and Harvard Universities, Kennedy School of Government, and from her work experience as World Bank consultant, she has a quite good amount of experience and relevant information to back up her thesis.