231. Dead Aid - Why Aid Makes Things Worse - and How there is another Way for Africa by Dambisa Moyo
Dead Aid - Why Aid is not Working and How there is another Way for Africa (Penguin, 2009; 208) by Dambisa Moyo takes a revolutionary look at how Africa's development is financed and whether aid has had any significant impact in Africa to merit its continuous existence. Divided into two parts - A World with Aid (Part I) and A World without Aid (Part II) - Dambisa argues, with researched facts and figures to support her argument, that aid, instead of lifting the majority out of poverty, does nothing of that sorts and that it could even make countries become poorer and become encumbered and frustrated with debt and its servicing. In Part I, she discusses the Myth of Aid, provides A Brief History of Aid, shows why Aid is not Working, and why it could be The Silent Killer of Growth. Her arguments are compelling and would make the reader think twice. Though I'm not capitalist in thought (I'm what one might refer to as a Social Capitalist - using a country's resources...