By Dambisa Moyo
"The $1 trillion in U.S. aid granted to African nations since the 1940s has hurt rather than helped nations struggling with corruption, poverty, and disease, according to Moyo, an economist born in Zambia. She laments the fact that too many African nations, despite enormous natural resources, have become dependent on aid as the generally low-rate, long-term capital has become a cultural commodity, with worldwide appeals now made by top celebrities.....Moyo advocates the gradual reduction in aid over five to 10 years, and suggests that Africa follow the examples of Asia, accessing the international bond market and making large-scale investments in infrastructure, as well as pressing for free-trade policies on agricultural products. This is a passionate and controversial look at past and future aid to Africa."
No comments:
Post a Comment