Based on the excerpts from Dambisa Moyo's book, Dead Aid, answer the following questions: Why is...

Based on the excerpts from Dambisa Moyo's book, Dead Aid, answer the following questions:

Why is aid not working? What are the possible sources for Africa's underdevelopment?
What is the aid effectiveness paradox?
Do you agree or disagree with Moyo's overall argument, that we should end development assistance to African countries? Why or why not?

Expert Solution

Moyo says this aid is ineffective but very fatal. They argue that despite over $ 1 trillion in aid over the past five decades, aid has failed to achieve poverty reduction and sustainable economic growth. In fact, this aid has only made Africa worse.The fraudulent aid culture has made Africa more indebted and Africa has been driven to inflation and economic slowdown.

Most of the African countries face corruption, internal unrest, military rule, underdevelopment and extreme poverty because Africa is underdeveloped with immense manpower, natural resources and a good ecological and cultural economy.Africa is a fragile economy that is hit by literacy, health and other social indicators

Studies in Africa have attempted to dispel this paradox. When countries have been doing well for some time, average incomes increase. Then donors tend to show less support. This suggests that over time, good performers get less help and poor performers get more help.

I do not agree with Moe's argument that Africa should end aid, but that it requires sincere cooperation, means and means for effective use of aid. Western countries should adopt new programs with political will and encourage international trade among African countries.

Rahul Sunny answered 1 year ago

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