What if foreign aid is making the plight of Africans worse? Dambisa Moyo discusses Dead Aid on Australian Broadcasting Corporation (Mar 17, 2009). www.dambisamoyo.com Facebook Fan: / 49906793787 Twitter: / dambisamoyo
What about vaccines and bed nets, she completely overlooks that. It is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite.
I don't have any idols or people that I look up to or see as a role model, but Dambisa Moyo comes very close to that. She is an intellectual woman speaking on serious topics with clarity and strength. I love watching her videos because I learn something everytime.
I really appreciate her comments regarding many Africans countries so dependent upon financial assistance. This issue I believe has resulted from government corruption. Many residents never receiving any assistance or if educational assistance is provided often no jobs, resulting many college educated residents leaving their countries, pursuing employment opportunities. I am favor of her 5 year plan for foreign aids that she provided
I love this smart woman. it feels as if she wrote "dead aid" to tell the story of Eritrea; known as the 2nd new nation & the only African nation who kicked out NGOs refusing foreign aid for over a decade, and still surviving despite two unlawful sanctions including all the negative western media lies as a form of retaliation. Mrs Moyo rest assured your vision is already working in my country and no one has starved yet. and the developement will be faster once the haters who hate to see Africa rise lift those sanctions.
since 2005, the smaller new born nation Eritrea refused aid, loan from IMF and kicked out all the NGOs. This nation proofed it that any country can live better without aid. Self reliance and economic independence is the only nation. As a result, Eritrea becomes a target for being a bad example for a good cause and they sanctioned it twice.
@@Bailyinn eritrea is totalitarian state. People must serve military service (which isnt bad) but often they are forced to stay in the military their whole life. Many people flee from eritrea. But its illegal to flee from there. There are thousands of refugees in europe out of eritrea and no one here knows their suffering and what theyve been through
You are right Dambisa! Be strong and keep fight! What Africa needs is the gut to stand up on their own feet. It is time now for Africa to wake up and to stand up and to build the accountable state that is capable to deliver the development of their own countries and people
Hats off to you Dambisa!!!, but we need more of you back home here in Zambia not only to offer advise to the government but to inspire many brilliant Zambian economists to better our country including other African countries. Africa is the wealthiest place on this planet no doubt about it..!!!! Proud of you!!
In such arguments it is not as simple as being right or wrong, it is very complex and she makes it seem like all of Africa's problems can be solved simply through financialisaton, and see is dismissive of why Africa have been giving aid when if it was removed it would be catastrophic in times of crises'. It is ironic how someone so clearly privileged, can make these judgements upon the necessity of aid , when she would clearly never have been reliant upon it herself.
@@timothydamoulis3217 the underlying problem is accountibility and desired outcomes of aid, for decades those recipients countries never be independent. So yes it is complex but she has a bold point.
Dambisa Moyo is absolutely right. In the simplest way one can refere to the the famous saying.. teaching one to fish verses giving one a fish. Aid as currenyly given is not geared to address the core challenges of Africa growth. Yes..we love them because they offer quick fix...
I agree with her 100%; I think that encouraging people to be dependent on aid as an easy way out is part of the problem; no one aided the Germans after WW2 and their economy was in total collapse; but they managed to pull themselves together and develop their economy to one of the biggest in the world; and China…when more than 10 million of them died because of famine…who gave them aid then???? The point that I am making is that aid cannot solve Africa's problems; the only way Africa can solve its problems is by holding corrupt leaders accountable. Governments should do their jobs and stop relying on foreign aid; the resources are there through all the raw material; the value chain of the raw material needs to be reevaluated and all Africans should stand together against corruption that is digging a deeper grave for Africa. Africa can solve Africa's problems not 'free money' because as we all know nothing is ever 'free' and there is no such thing as a free ride; this needs to be faced head on.
The first thing that came in my mind when I read Nonhlanhla's comment was The Marshall Plan too. But the Marshall Plan was not "aid", it was temporally assistance program and at its core was accountability. The countries didn't just receive the money. They sent lists of what they needed and the US footed the bill, as opposed to disbursing the money. Also, attributing China's great strides in the last 40 years to Soviet aid is simplistic, to say the least.
I am reading dead aid now, and watching this interview, I totally agree with her book, and to be honest, this aid is a blind spot created while our mineral are scrambled by the international community.
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
Wow common sense at last great lady who speaks the truth, I have myself always have said Africa governments should be held accountable, because it lets these governments of the hook, and keep this aid money, in a way this aid charity is killing the Africans people
Dambisa Moyo's answer to the poverty problem is completely ignoring the capitalistic system of Illicit Financial Flows where multinational companies cheat Africa out of far more money than is coming into Africa.
You can’t cheat people out of something they sell to you on terms they agree. That’s an issue with African leadership. It’s not an issue with capitalism.
Insightful. Africa-Economy-Africa translations. Economic system has the same principals it always has had. It's about materialism and resources. But it gives something if you live on it too.
Don't give fish, but teach how to fish. There is no other wiser way. It applies to everyone, not just Africans. Children of well-to-do families also need to learn this way to be financially and spiritually independent.
Moyo makes some good points - particularly about govts being accountable to donors rather than their people. But it could be argued that a major reason for so many Africans falling into poverty between 1970 and now are the very neoliberal policies Moyo espouses.
Am proud of you Dambisa, the Aid is fueling coruption in Africa the leaders are the ones taking awey everthing instead of the poor people but we must thang them for the suport
You schooled everyone on this thread. Respect. And respect to Dambisa Moyo. I actually read "Dead Aid" a few years ago, what I remember of it was a well-written, persuasive argument against this kind of Western white Paternalism. I recommend it to anyone with half a brain who wants to know how the world REALLY works.
my heart bleeds for mother Africa whenever the notion of striving on the means of foreign aid. I think aid is making our continent handicap without taking any constructive means to develop our heritage by ourselves.You do all Dambisa Moyo
No matter how many minerals we have in Africa, it can never free us from slavery but one expensive natural resource that can help us to be freed is our "Mindset".......its a big work to do @Dambisa Moyo. We read less and our African academic curriculum keeps on draining us😞
Watching this in 2023. Dambisa Moyo is person with a far sight. Foreign investment is the driving force in the economic growth in many African countries now.
Very much agree with her, she is telling the ground reality in here Africa, it needs wise exit strategy to reduce foreign aid and mobilize the local resources and local strategy.
Abdirahman Gaas they need to either stop fucking or learn to use a god damn condom or accidentally find its way into (wrong hole at opportune time .hee)
She's right, this modernist approach hasn't and isn't effective, its built upon this whole ideaology that money can save everything, it's just an ineffective quick fix.
Aid is funding government incompetence on the continent. It is a bad cycle that keeps the African continent without proper economic structures. This was great. Good job Dambisa!
Even though with recent times aid has reduced; now Africa is being swallowed by the FDI portfolios on her scarce resources! Exploitation is drastically happening and deadly emissions of carbon in space together with other vagaries; the oil spill in Nigeria is another headed while in Zambia, people living and working in the copper and around them can tell the story too. One day, someone like #Dambisa will see this as another form of aid being re-rooted! Hard facts but kuddos to Dambisa
she is not the only one. Look at the videos of James Shikwati -a keniyan economist-. He said that the aid is destroying Africa. Why? A main reason: Tons of foods of that aid enter in the black market and the national producers CAN NOT COMPETE with those products. This fact generates more pain and problems for Africa.
Completely agree with your views on Africa needing trade and not Aid. I always ask myself this question: "Why would my neighbor come to my house and offer to take care of all my bills: utilities, food, clothing, etc.". Well it is simply because he has more to gain by "helping" me. "He is probably sleeping with my wife", is my response. Looking back in history, Africa was the center of the world. Center of trade, education, wealth (The Mali Empire, etc.). At some point, Africa fell, and has not been able to rise again. I feel "aid" and foreign African diplomacy part of the reason Africa is not moving forward - despite having all the resources the world needs today: minerals, space, able human resources, etc. Somehow, the world wants Africa to remain separated (54 countries), while they continue to unite, US, EU, NATO, UN, etc. Clearly it is easier for a large nation to negotiate (and get its way (!)) with one poor African country vs a string, focused, determined, United Africa. Now there is a vision. A United Africa. Story for another time.
100% agree because aid provides a short-term consumable service that is meant to be a stop-gap measure it is not designed to deliver the type of long-term sustainable growth that is required for genuine development and for African countries to have better input on global issues because 80% of the population on the continent are people under 30 who need skills and training in industries and services to foster that growth in economies with institutes and infrastructure provided by governments (which is why they need to be held accountable as Dr Moyo says because these elites have armies supressing opposition & media so more global pressure & less free money would be a great start!) - more aid $ is used to line some elite's pockets than to feed starving children... :/
It is like welfare, if I am receiving a check every month, why should I go and work hard and contribute to society. That is the way of thinking in Africa. I will get it regardless.
Wow, this woman is a legend, intelligent and articulate. She really cares for Africa, it's someone who believes in the potential of Africa, that we can be developed as Western countries, only if we could do away with the dependency syndrome that has plagued the continent for the past 100 years. If you think like a beggar you will always remain a beggar.
Well as an Australian, his country does have a history of exterminating and marginalising blacks so yeah, racism can rub off on him - politically correct racism where its more occult, but I think we should focus more on her and her message than him.
Damiano Cavaliere the message is clear and practical but not advisable for the European and American economy. It will force billions to admit that something is wrong and needs correction. It is very expensive to change our thinking. Who is going to pay for this?
+brokecreole You give me a lot of hope -if I'm reading you correctly; you are doing what Slavoj Zizek recommends. Addressing how the way a question is formulated can affect our ability to address a problem - if we keep asking 'how much more money do the Africans need to come out of povery?' then we can ignore the larger question which you brilliantly diagnosed. I wish you well; there are too few of you out there - either that or am on my period! lol! I see so much anger towards her from the ignorant whose pride is insulted by her honesty and the emotionally challenged whose need for absolution is likewise hurt by her denial of bandaid solutions. I wish I could get to know you better; your journey must be fascinating. Godspeed my friend!
One of the problems is that because of the pervasive corruption in Africa companies are reluctant to invest there. I know the Chinese are moving into Africa now. I hope they can make some kind of order from the chaos. We made a right pigs ear of it.
Well, when African countries were colonies they had infrastructures, hospitals, were less poor (even she mentioned that in 70's only 10% of africans were poor). I'm against the foreign aid, mainly because it destroys the local economy, if you give free shoes, the local shoe maker will lose his job, if you give free potatoes, the local farmers will lose their sales etc. If they choose normal politicians and let people who want to invest there work without paying bargains or worrying for their lives, they can get it through.
5:47 that death glare though! + I would like to thank the video editor for not cutting the part where she says "I am right". I love you, whoever you are. You did great.
In developed countries a ROI of 15% is crazy good. In Nigeria, for instance, MPR is 14% with commercial banks lending at 24%. How can businesses thrive when they are borrowing at rates higher than the cost of capital? The capital market is a great theoretical idea but in reality only accessible to precious few. This woman is a capitalist to the core and if given leadership positions will propagate inequality in Africa.
What gives life to aid is all the work it creates within the donor countries: industry likes it, unions like it, bankers like it. For them, it's guaranteed profits. Diplomats like it, because it buys influence in foreign capitals. So, even though we all know it doesn't work for the countries being helped, there is no one on the donor side to argue against it. Maybe the churches could? But they have mostly fallen for the line that socialism is the best economic system...
We need to make a program where it's mandatory for all African Americans to spend 5 years of there life living in Africa and helping theese villages and children so they will have a new found love of America starting with Gangs
@iceprincessfm Here in China, I am a factory worker working 12 hours a day, 7 days a week. And I don't spend much except on basic necessities so that I can save enough money for future investment, making people to work for me someday, instead of me working for other people. This is the only way to break free from depending on the mercy of your bosses. Diligence, endurance, frugality and learning is the crux of our Confucius culture. I don't think that's idiotic.
hi Believer ❤ you should know that you are completely loved, and treasured and known by GOD, and GOD alone. So don't ever feel like you aren't worthy, because in JESUS CHRIST, Who is GOD with us, made you more than worthy by His grace and mercy, through HIS blood. may GOD bless you and keep you, always.❤
07:43 That right there is why these big European corporations want to to keep pushing AID on African nations. They do not want Africa to stand on it's own two feet....
I just watched a few interviews with Dambisa Moyo where she says that direct humanitarian aid (one of the three forms of aid) she is not only for but feels it is a moral imperative as humans. Her point is that not investing in long term, sustainable solutions like education, healthcare, trade, etc. makes economic growth difficult to impossible. Gates does bring up a good point, if true, that the hook of the book caused a drop in the same humanitarian aid. White male interviewers with her back then were largely horrible in not understanding the issues and being short and accusatory towards her. Gender and race discrimination. In getting points across some salesmanship can increase attention which happened here for someone whose ideas had not been listened to largely and she makes a great point (easier to see now admittedly) that investing money in sustainable issues is necessary in Africa and has been largely ignored. She seems to communicate economic realities and remedies, in some ways, as well or better than anyone else. The "Aid Is Dead" hook had its positives and negative effects. Can we take her good insights and continue to move forward? "Yes" is the correct answer here.
Wow, 'Lets hope you are right' and her response is fab, 'Yes I am RIGHT'. Just Fab. I have been saying it for a long time so I am glad that someone of African descendent has done a research about it and most of all wrote a book about it. Well done Lady Boss!!!
From a critical psychology point of view she has a very good point, unfortunately I don't think she was able to make that clear to the interviewer. The point is that countries cannot become independent and self-sufficient if they are relying on global aid. I think she also failed to point out that not all aid is bad. Aid can be very good if the locals (or people in Africa) says to international organizations we need specific money for this reason. Instead of giving money for health to the whole county let individual organizations say we need money specifically for this. As a real world example, the whole of Kenya only has 4 cancer radiology machines, of which 3 are broken. Further more the machines are all in the same City. Hence global aid would be beneficial if the hospital specifically asked for a certain amount of once off money to repair the machines. Aid can only function efficiently if international aid collectors listen to the developing countries needs and know exactly where the money is going. Otherwise there is no accountability that the aid money is actually being used what it is meant for.
@politicalthinker1 I completely agree with you. If you think about it, Africa is one of the continents with the most natural resources. China on the other hand, lacks in natural resources but produces most of the worlds products. China is developing a relationship with Africa to continue getting those resources to produce items for export. Africa not only sells the resources, but it buys Chinas products and technology. Africa is are paying China to take it's resources.
I'm not 100% on board with Moyo, but honestly, I want to punch that smirk off of the interviewer's face. Just shows you how much people hate listening to new ideas that are out of their comfort zones.
She does overlook the power of vaccines and bed nets though, the lives saved from the eradication of polio and the progress in the fight against malaria are strongly overlooked. Though it is true that funding might need to happen more bottom up instead of top down so it doesn't fall in the hands of the elite who can then tighten their grip on political power. Though that is also country specific, Africa is a vast continent, not every country has an autocratic government. Also her take that the free market will solve issues is unfounded, China is taking advantage of Africa right now.
