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Quote by Dambisa Moyo

Work

Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa

Dead Aid presents a critical analysis of traditional aid practices in Africa, arguing that they have failed to alleviate poverty and stimulate economic growth. The book proposes alternative strategies, emphasizing sustainable development and self-reliance. more

Author

Dambisa Moyo
Dambisa Moyo

Dambisa Moyo is a distinguished author and economist, born on February 2, 1969. She has made substantial contributions to the field of economics through her insightful writings, focusing on the challenges and opportunities in the global economy, particularly in Africa. more

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“Ask most people who live in a home and have a mortgage on it whether they own their own home and the answer is almost guaranteed to be a resounding 'yes'. Yet it's the wrong answer. Technically speaking, until they have paid the mortgage off, they don't own it. Herein lies the difference between reality and illusion, between ownership and control. This confusion lies not only at the individual level, but also at the heart of government thinking.”

“The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world.”