what is dead aid

Dead Aid is a book written by Dambisa Moyo that challenges the traditional views that foreign aid reduces poverty in Africa. The book argues that aid has failed to deliver sustainable economic growth and poverty reduction in Africa, and has actually made the continent worse off. Moyo calls the aid industry "malignant" and argues that it is not just ineffective, but also encourages rent-seeking behavior and thwarts accountability mechanisms. The book offers a new model for financing development in Africas economy. 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. The book is a thesis of a rigid revivalist, low bar's tough patrons, and ahead of its time.