Dambisa Moyo Quotes
I wish we questioned the aid model as much as we are questioning the capitalism model. Sometimes the most generous thing you can do is just say no.
Moyo, Dambisa. Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa. Farrar, Straus and Giroux, 2009.
In many cases the American contractors hire locals in the recipient country and so a large part of the contractor’s funds actually go to the country. One virtue of this is that in many countries where the money is given to government or a local organization, there is a great deal of corruption and favoritism. Clinton is right that there is an additional cost where the American contractor takes a profit and an overhead, but very often this “waste” is far less than the waste produced by the recipient government itself or a local organization. The worst of both worlds exists when the American contractor succumbs to local pressures and government “suggestions” and does not buy from the low bidder or gives jobs to people who are not as competent as others or often not competent at all.
Whether or not our USAID officials are tough on a bureaucracy or a government unfortunately has had little to do with whether they had used to money for services to the poor, but how the nation voted in support of the United States in the UN and engaged in other political acts perceived by the State Department and the Administration to be favorable to the United States.
Dambisa Felicia Moyo is a Zambian economist and author who analyzes the macroeconomy and global affairs. She currently serves on the boards of Chevron Corporation and the 3M Company. She worked for two years at the World Bank and eight years at Goldman Sachs before becoming an author and international public speaker. She has written four New York Times bestselling books: Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa (2009), How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead (2011), Winner Take All: China's Race for Resources and What It Means for the World (2012), and the most recent Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It (2018). She holds a bachelor's degree in chemistry and an MBA from American University, an MPA from the Harvard Kennedy School, and a DPhil in economics from the University of Oxford.
