Analysis of Dambisa Moyo´s Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

In this book, the African countries abolish the various subsidies paid to farmers to the United States, the European Union, and Japan, concentrating on the manufacture of products and providing services with clearly comparative advantage, It is said that it can increase the export profit of primary goods. The principal acting as a mediator of financial transactions is the purpose of financial intermediation, which can bring great benefits to African consumers such as safety, liquidity, economies of scale (2).

Dambisa Moyo, a former consultant of the World Bank and employee of Goldman Sachs, stated in her book "Aid for Death: Why Aid Does not Work and How to Provide a Better Way for Africa" It is. There are many reasons. Aid is often redirected to a personal explanation of the dictator and rarely leads to people they want to help. In addition, assistance will eliminate emerging industries developed in the African continent, such as assistance provided in the form of mosquito nets could ruin the market of the newly established local mosquito netting company and eliminate the dynamics of economic growth can do. Aid can also suppress the export sector by exaggerating the value of the local currency in these countries.

Peace aid, long-term assistance. Dambisa Moyo is suing for the best trillion dollar aid industry in Africa, so there are no prisoners. Genius economists and writers of international children born in Zambia worked at a well-known office of the World Bank and served as a consultant at McKinsey. She discusses this topic in a chronological framework and emphasizes Western interventions for Africa and how they are consistently failing. Even after these failures, she wondered why the West wanted to provide more aid to Africa - its effect was to maintain a military adventure, instigate the opponent It was miserable to promote theft.