Economic growth does not demand a secret formula. Good development examples now abound in East Asia and farther afield in others parts of Asia, and in Central America. But why then has Africa failed to realise its potential in half a century of independence? This book shows that African poverty is not because the world has denied the continent the market and financial means to compete: far from it. It has not been because of aid per se. Nor is African poverty solely a consequence of poor infrastructure or trade access, or because the necessary development and technical expertise is unavailable internationally. Why then has the continent lagged behind other developing areas when its people work hard and the continent is blessed with abundant natural resources? Stomping across the continent and the developing world in search of the answer, Greg Mills controversially shows that the main reason why Africa's people are poor is because their leaders have made this choice.
countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined—and millions continue to suffer. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, Dambisa Moyo offers a bold new road map for financing development of the world’s poorest countries. Much debated in the United States and the United Kingdom on publication, 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. And it is a clarion call to a new, more hopeful vision of how to address the desperate poverty that plagues millions.
Throughout the centuries, Africa has concealed multiple secrets, waylaying and confounding the unwary. Today, as economists, politicians, experts and the cognoscenti from within and outside the continent seek to "fix" Africa and its perceived problems, the need to understand its mysteries has never been greater. Africa's future tells the tale of Africa's economic evolution, providing unique prisms through which to view the continent's panoramic story - ultimately one of triumph over the influences of nature and over multiple political tragedies. It explains how Africa in effect went backwards for one and a half thousand years, from the Roman Empire to 1500 CE. Only in more recent times has Africa gradually begun to evolve and grow, to the point at which its modern and archaic economies uneasily coexist today. Modern Africa has developed diverse economic pathways to betterment - yet survivalist economies still litter the landscape. The continent's paradox of "subsistence with many faces" is manifested in its tiny middle class, its growing numbers of rich, and the ever-greater numbers of poor expected in the future.