Rev Austrian Econ (2009) 22:431–432 DOI 10.1007/s11138-009-0092-6 Dead aid: Why aid is not working and how there is a better way for Africa Johan van der Walt Published online: 8 July 2009 Springer Science + Business Media, LLC 2009 Dambisa Moyo’s new book, Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, has received a great deal of attention in the last few months. Her first two points, international aid has not only been ineffective but it has also added to the dysfunctionality of many countries, adds to a long literature in the subject matter. However, her third point, that a world without aid would produce better economic growth, makes a new contribution. While I strongly agree with her first two arguments, her third warrants further consideration. This concern notwithstanding, Moyo’s book is a must-read for any person interested in the question of why some countries are rich while others remain stagnant or poor. Moyo correctly states that “development finance”—the money used to finance development projects—necessitates a new way of thinking. Currently, many open- ended aid commitments exist where donor countries and multilateral agencies keep financing projects without clear prospects for results
The Review of Austrian Economics – Springer Journals
Published: Jul 8, 2009
It’s your single place to instantly
discover and read the research
that matters to you.
Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.
All for just $49/month
Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly
Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.
Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.
Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.
All the latest content is available, no embargo periods.
“Hi guys, I cannot tell you how much I love this resource. Incredible. I really believe you've hit the nail on the head with this site in regards to solving the research-purchase issue.”Daniel C.
“Whoa! It’s like Spotify but for academic articles.”@Phil_Robichaud
“I must say, @deepdyve is a fabulous solution to the independent researcher's problem of #access to #information.”@deepthiw
“My last article couldn't be possible without the platform @deepdyve that makes journal papers cheaper.”@JoseServera