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Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo and Niall Ferguson [rare books]

Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa by Dambisa Moyo and Niall Ferguson [rare books]

Rs. 299.00
Rs. 299.00
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Book Summary

In Dead Aid (2009), Zambian economist Dambisa Moyo delivers a sharp critique of traditional foreign aid to African governments. Despite over $1 trillion dispatched to Africa since the 1960s, widespread poverty, weak institutions, and corruption persist. She argues that aid:

  • Creates dependency, removing incentives for governments to raise domestic .

  • Undermines markets, harming local producers—as when free mosquito nets undercut small businesses .

  • Prolongs bad governance, enabling kleptocrats and eroding citizens' political voice .

Instead, Moyo proposes a bold shift—a five-year "exit plan" to phase out government-to-government aid, replaced by:

  • Engagement with capital markets (e.g., bonds) to foster fiscal discipline.

  • Promoting trade and investment, particularly with emerging economies like China and intra-African commerce .

  • Leveraging microfinancing, remittances, and entrepreneurship to unlock local growth .

Overall, Moyo reframes aid as a trap, offering a roadmap toward independence, sustainable economic development, and empowered governance

About the Author

Dambisa Moyo (b. 1969) is a Zambian economist with a Harvard master’s and Oxford Ph.D. She has worked with Goldman Sachs and the World Bank. Dead Aid became a New York Times bestseller and made her a central voice in global development debates .

Sir Niall Ferguson (co-author attribution unclear) is a Scottish-American historian known for his work in economic and imperial history. A professor at Harvard and senior fellow at Hoover Institution, Ferguson has authored influential books like Empire and Civilisation, and is celebrated for his expertise in global financial systems .

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