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IPFS News Link • Africa: On the Map

How International Aid Failed Africa and Made Poverty Worse

• by Emmanuel Rincón

The Zambian economist, Dambisa Moyo, wrote a book—Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa—to denounce how the hypocrisy of political correctness did nothing but continue to impoverish the African continent through international aid.

Moyo has a PhD in economics from Oxford University, a Masters in Public Administration from Harvard University, and has worked as a consultant for the World Bank for a couple of years and at Goldman Sachs where she was head of economic and strategic research for sub-Saharan Africa.

The main argument of the African economist's text is that the aid destined for Africa, instead of promoting economic growth, condemned the continent to poverty and continued dependence on international aid for survival.