Jul 15, 2009

Dambisa Moyo answers why aid is not working

Our organization Asia America Initiative has found that the greatest impediment to developing rule of law, social justice and economic development is the unregulated free flow of foreign aid into undeveloped parts for the world. The most significant case is Africa. We are highlighting the controversial but profoundly accurate economic observations of Dambisa Moyo. She emphasizes that over the past fifty years more than $1 trillion has been donated to Africa (while possibly at least that amount of African natural resources has been plundered by international governmental and private industries) with an end result of increased poverty, hunger and chaos.

For a better understanding of why aid failed to uplift Africans and an alternative road map for development in Africa, follow her book Dead Aid.

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