Thursday, August 26, 2010

Dead Aid by Dambisa Moyo

I just finished this book and it has given me an entirely new perspective on the aid given to third world countries.

In very easy to understand language (even for idiots like me who never took an economics class in their life), Dambisa outlines how the mega-donations from the Western World have not only failed many economies in Africa but in fact, made them a lot worse.  It's fascinating stuff because even though many of her examples are counterintuitive, they all make a great deal of sense.

Her hope is that the flow of aid trickles to a stop in the coming years and she details a plan for Africa that will help ease the transition away from this monetary dependence.

This book is highly recommended for anyone who wants to learn more about the strange dynamics between the first and third worlds.  My hope is that Ms. Moyo's words spread and without a doubt, their power will change the lives of millions. 

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