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

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

A national bestseller, Dead Aid 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. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing development of the world's poorest countries.

Much debated in the United States and the United Kingdom on publication, 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.

Foreword by Niall Ferguson

Preface

Introduction

PART I - The World of Aid

Chapter 1. The Myth of Aid

Chapter 2. A Brief History of Aid

Chapter 3. Aid Is Not Working

Chapter 4. The Silent Killer of Growth

PART II - A World without Aid

The Republic of Dongo

Chapter 5. A Radical Rethink of the Aid-Dependency Model

Chapter 6. A Capital Solution

Chapter 7. The Chinese Are Our Friends

Chapter 8. Let’s Trade - A World without Aid

Chapter 9. Banking on the Unbankable

Dongo Revisited

Chapter 10. Making Development Happen

Notes

Bibliography

Acknowledgements