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

Synopsis

Featured on CNN, NPR, PBS, FOX, and CBS, Dead Aid describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Dambisa Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious cycle of aid dependency, corruption, market distortion, and further poverty. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty.

Much debated in the United States and the United Kingdom on publication, and the subject of intense media coverage, Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.

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