"Dead Aid" or Recovering Patient?
Dambisa Moyo's book as an opportunity
Dambisa Moyo’s book “Dead Aid” (see reference) has created quite a storm within the development community, which struggles with an appropriate response. However, the reactions have been too defensive, according to Eveline Herfkens. She sees Moyo’s book as a great opportunity for a public discussion regarding aid effectiveness and trade, for which it has always been hard to get attention.
Of course, the easy retort is that her recipe – more foreign investment and access to international capital markets, while feasible – and actually happening - at the time she wrote her book, offers no alternative at present: due to the economic crisis foreign money flows have been reversing, and there were no international bond issues by African countries in 2008 ...
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More on the subject:
>>> Proposals for a Profound Reform of International Finance
>>> Increased IMF Funding without Reform?
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