In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse -- much worse.

In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and 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. Provocatively drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the "need" for more aid. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Moyo offers a bold new road map for financing development of the world's poorest countries that guarantees economic growth and a significant decline in poverty -- without reliance on foreign aid or aid-related assistance.

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.

• We started tracking this book on January 20, 2011.
• This book was $9.99 when we started tracking it.
• The price of this book has changed 18 times in the past 5,446 days.
• The current price of this book is $11.99 last checked 6 hours ago.
• This book is at its lowest price in the past 90 days.
• This lowest price this book has been offered at in the past year is $3.99.
• The lowest price to date was $1.99 last reached on January 17, 2019.
• This book has been $1.99 one time since we started tracking it.
• The highest price to date was $11.99 last reached on April 15, 2025.
• This book has been $11.99 2 times since we started tracking it.
• This book is currently at its highest price since we started tracking it.

• Politics & Social SciencesPolitics & GovernmentInternational & World PoliticsRelations
• Business & MoneyEconomicsDevelopment & Growth

• Publication Date: March 17, 2009
• Text-to-Speech: Disabled
• Lending: Disabled
• Print Length: 209 Pages
• File Size: 577 KB