Dambisa Moyo's Dead Aid: Why Aid is Not Working and How There is a Better Way for Africa

Dambisa Moyo's "Death aid: why aid does not go well and how do you follow the better way to Africa" ​​is a controversial book trying to answer the question whether foreign aid is good or bad. Moyo's death aid is not the first criticism of aid as a development tool. Peter Bauer, economist at London School of Economics, born in Hungary, was the first person to oppose development assistance. Hubbard and Dugan also criticized external assistance of different qualifications and emphasized other kinds of aid in development in the "aid trap: the truth about poverty eradication" (2009).

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.

In her carefully studied book, Dambisa Moyo clearly outlines the limits of aid in helping Africa. WeTrust believes that the community will provide a tool like a reliable loan circle to help overcome the limit and utilize their abilities and resources to promote economic growth and development.

Since our public test network will come soon, we would like to reconsider the benefits of ROSCA. Recently, several people in our office have read and discussed the book "Dead Aid" by Dambisay Moyo. This explains the negative impact on African economic aid and how microfinance can be a limited solution. Below, I summarize the conversation that I have done so far. For decades, industrialized countries have provided aid to Africa in the form of loans or subsidies. Unfortunately, many African countries such as Zambia, Zimbabwe and Democratic Republic of Congo are still in poverty. Despite billions of dollars aid provided to Africa, why have not these countries seen significant economic progress?