Dambisa Moyo
A constant stream of 'free' money is a perfect way to keep an inefficient or simply bad government in power. As aid flows in, there is nothing more for the government to do - it doesn't need to raise taxes, and as long as it pays the army, it doesn't have to take account of its disgruntled citizens.Collection: Government
China is attempting the death-defying feat, which no one has attempted in the history of the world, which is to move a billion people out of poverty. When I speak to Chinese policy-makers, the thing that annoys them the most about Western policy-makers is that they're not given any credit for anything.Collection: History
The insidious aid culture has left African countries more debt-laden, more inflation-prone, more vulnerable to the vagaries of the currency markets and more unattractive to higher-quality investment.
I am fortunate: my parents told me the world was my oyster, when they could have said I wouldn't make it for a lot of reasons - rural, girl, small African country. So, no regrets.
Thanks to aid, a distressing number of African leaders care little about what their citizens want or need - after all it's the reverse of the Boston tea-party - no representation without taxation.
If I go to Singapore, I have friends there. If they came to Zambia, they'd feel the same way. I've made connections, and I have friends in many, many countries.
I'm not a politician - it's not my cup of tea.
I wish we questioned the aid model as much as we are questioning the capitalism model. Sometimes the most generous thing you can do is just say no.
Many Africans succumb to the idea that they can't do things because of what society says. Images of Africa are negative - war, corruption, poverty. We need to be proud of our culture.
There's not a single country that actually approaches economics in a pure, free market, capitalist way. I like the free market - but it very much exists only in textbooks. If I had a choice, and we could live in a very pure world, I would be a supporter of the free markets.
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.
I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation.
Under the all-encompassing aid system, too many places in Africa continue to flounder under inept, corrupt and despotic regimes who spend their time courting and catering to the demands of the army of aid organizations.
The fact of the matter is that instead of going around the world and haranguing countries for engaging with China, the West should be encouraging its own businesses to trade and invest in these regions.
At its very best, the Western model speaks for itself. It's the model that put food on the table. It's the refrigerators. It put a man on the moon.
I was born and raised in Zambia in 1969. At the time of my birth, blacks were not issued birth certificates, and that law only changed in 1973.
I would say issues around human rights - either you're going to take a hard stance, or you're not. You can't borrow money from China the way the U.S. has done and then turn around and say, 'But you've got a human-rights problem.' You can't be half pregnant.
I had the good fortune to spend hours with my parents around the dinner table having debates on politics and economics.
Too many African countries have already hit rock-bottom - ungoverned, poverty-stricken, and lagging further and further behind the rest of the world each day; there is nowhere further to go down.
There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions.
I don't think my background in Zambia has really affected my lens because my classical training has been Western-style. But it's fantastically fortuitous to have been born African because I don't feel I have a vested interest to the U.S. or China or wherever.
I'm an economist, not a political scientist.
This is my favourite thing about being raised in Africa: we don't do labels very well; we don't do this, 'Oh, you're a Democrat; oh, you're a Republican.' Because we live in the real world.
I went into the sciences very early on, but to me, economics pervades so much more of our lives and our existence.
I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings.
The people I admire unreservedly are my parents. They are the real pioneers of Africa in many ways. They were born and raised in rural Africa during the colonial period. They are the ones who came to the U.S. long before I did.
'Dead Aid' is about the inefficacy and the limitations of large-scale aid programs in creating economic growth and reducing poverty in Africa.
This is a great continent. I went to primary school on this continent, secondary school, university. I've worked on this continent, and I think that it's a great disservice that, for whatever reason, people have usurped an imagery of Africa that is absolutely incorrect.
The most obvious criticism of aid is its links to rampant corruption. Aid flows destined to help the average African end up supporting bloated bureaucracies in the form of the poor-country governments and donor-funded non-governmental organizations.
A nascent economy needs a transparent and accountable government and an efficient civil service to help meet social needs. Its people need jobs and a belief in their country's future. A surfeit of aid has been shown to be unable to help achieve these goals.
The western mindset erroneously equates a political system of multi-party democracy with high-quality institutions... the two are not synonymous.
I'll make a general comment about this whole dependence on 'celebrities.' I object to this situation as it is right now, where they have inadvertently or manipulatively become the spokespeople for the African continent.
My mother is chairman of a bank called the Indo-Zambia Bank. It's a joint venture between Zambia and India. My father runs Integrity Foundation, an anticorruption organization.
The World Bank can only survive if it's spending money.
We've reached a very low-level equilibrium where it's not clear whose interest it is in to develop Africa... It's not in the interest of those in the aid industry to develop Africa because then there'd be no more industry and 500,000 people would lose their jobs. The only people whose interest it is in is Africans, but they have no voice.
In a perfect world what poor countries at the lowest rungs of economic development need is not a multi-party democracy, but in fact a decisive benevolent dictator to push through the reforms required to get the economy movingCollection: Country
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.Collection: Lying
If you think about the last 50 years, Africa's proximity and historical context has absolutely been with Europe and the United States, but their approach in dealing with the economic challenges that Africa faces in particular has been one of handing out aid, not developing economies, not building a long term relationship around agriculture and so on.Collection: Thinking
The fact that China has about seven percent arable land, means that she’s always going to be looking for places that have more arable lands to finance or to provide food stuffs.Collection: Mean
The fact that Brazil and Chile now has China as their largest trading partner means the Monroe Doctrine is certainly something of the past.Collection: Mean