“The problem is that aid is not benign -- it's malignant. No longer part of the potential solution, it's part of the problem -- in fact aid is the problem.” —Dambisa Moyo
Dr. Dambisa Moyo was born in Born in Lusaka, Zambia in 1969 and is an international economist who writes on the macroeconomy and global affairs.
Moyo, a NY Times Best-Selling author, worked for 8 years at Goldman Sachs as head of their Economic Research and Strategy for Sub-Saharan Africa and for 2 years at The World Bank. She holds a PhD in Economics from Oxford University, a Masters from Harvard University Kennedy School of Government, a BS in Chemistry from American University, and an MBA in Finance from American University.
Moyo is a member of Cambridge University's Centre for International Business and Management (CIBAM), and the Royal Institute of International Affairs (Chatham House). She is also a patron for Absolute Return for Kids (ARK), a hedge fund-supported children's charity, and serves on the board of the Lundin Charitable Foundation, which in September 2007 pledged $100 million towards microfinance initiatives in developing economies.
Take All: China's Race for Resources and What It Means for the World
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Reading level: Ages 18 and up
Hardcover: 272 pages
Publisher: Basic Books; First Canadian Edition edition (June 5, 2012)
Commodities permeate virtually every aspect of modern daily living, but for all their importance—their breadth, their depth, their intricacies, and their central role in daily life—few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom--shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry.
Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China’s rush for resources across all regions of the world. The scale of China’s resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history. To be sure, China is not the first country to launch a global crusade to secure resources. From Britain’s transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860’s and 1870’s, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries.
So too is China’s resource rush today. Although still in its early stages, already the breadth of China’s operation is awesome, and seemingly unstoppable. China’s global charge for commodities is a story of China’s quest to secure its claims on resource assets, and to guarantee the flow of inputs needed to continue to drive economic development. Moyo, an expert in global commodities markets, explains the implications of China’s resource grab in a world of diminishing resources.
the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices
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Hardcover: 240 pages
Publisher: Farrar, Straus and Giroux (February 15, 2011)
Product Dimensions: 8.3 x 5.8 x 0.9 inches
In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the West’s economic supremacy. She examines how the West’s flawed financial decisions have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world, especially China.
Amid the hype of China’s rise, however, the most important story of our generation is being pushed aside: America is not just in economic decline, but on course to become the biggest welfare state in the history of the West. The real danger is a thome, Moyo claims. While some countries – such as Germany and Sweden – have deliberately engineered and financed welfare states, the United States risks turning itself into a bloated welfare state not because of ideology or a larger vision of economic justice, but out of economic desperation and short-sighted policymaking. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again.
Aid: Why Aid Is Not Working and How There Is a Better Way for Africa
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Paperback: 208 pages
Publisher: Farrar, Straus and Giroux; 1 Reprint edition (March 2, 2010)
Product Dimensions: 8.2 x 5.6 x 0.6 inches
A national bestseller, Dead Aid unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing development of the world’s poorest countries.
Much debated in the United States and the United Kingdom on publication, Dead Aid is an unsettling yet optimistic work, a powerful challenge to the assumptions and arguments that support a profoundly misguided development policy in Africa. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.