Tag Archives: dambisa-moyo

Ending Foreign Aid to Africa

Foreign aid to Africa has turned the continent into a ‘giant welfare state’ and is one of the direct causes for the rise in poverty rates from 11% to 66% in recent times.

This is according to African author and economist Dambisa Moyo as she adds her voice to the growing group of learned economists calling for an end to foreign aid to Africa.

An interview with Moyo, for the magazine Guernica, offers a new way to look at foreign aid and its impact on the receiving country and peoples.

I think the whole aid model is couched in pity. I don’t want to cast aspersions as to where that pity comes from. But I do think it’s based on pity because based on logic and evidence, it is very clear that aid does not work. And yet if you speak to some of the biggest supporters of aid, whether they are academics or policy makers or celebrities, their whole rationale for giving more aid to Africa is not couched in logic or evidence; it’s based largely on emotion and pity.

via Arts and Letters Daily