Britannica AI Icon

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

work by Moyo

Quick Summary

In Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, Dambisa Moyo argues that foreign aid has perpetuated poverty in Africa by fostering dependency and lining the pockets of corrupt officials, rather than being invested in job-creating activities. Moyo, a Zambian economist, suggests that this aid, often from Western nations and organizations like the World Bank, has created a cycle of reliance that hinders genuine economic development. She proposes alternative strategies for Africa to achieve prosperity, moving away from the traditional aid model.12

Summary created from Britannica articles using AI. AI can make mistakes, so verify using Britannica articles.
2 Britannica Sources
  1. Dambisa Moyo
  2. foreign aid

Ask Britannica AI about this topic

Britannica doesn't have a full article on this topic, so we've curated a list of our relevant coverage.