Why aid is not working and how there is a better way for Africa.
[Stop… wait a second. Is Dambisa telling me that something I’ve spent years believing in that is doomed to fail? I’m sorry; I need a second to digest what all that she explains in this book. I not able to sum it up in a few words yet (each of those pages have a powerful meaning, and each page reaches the heart of the matter as well as the solutions. You know what, on a whim, I’m going to read it again].
NO COUNTRY HAS ECONOMICALLY SUCCEEDED WITHOUT FINDING A WAY TO FUNNEL THE RISK CAPITAL TO FINANCE ITS SMALL AND MEDIUM-SIZED ENTERPRISES. Brazil, Russia, India and China are projected to exceed the economic growth rates of nearly all industrialized economies by the year 2050 but why African countries are different from those countries?
Geographical, historical, cultural, tribal and institutional reasons have been offered to account for why African countries are not working. These two following facts are examples of how Dambisa refutes them.
- Geographical reason: An African country’s climate, flora and fauna affect the ability of people to provide food however, with average summer temperatures reaching 49ºC Saudi Arabia is rather hot, and of course, Switzerland is landlocked and those factors have not stopped them from getting on with it.
- Tribal reason: There are roughly 1000 tribes across sub-Saharan Africa; the most obvious is the risk that ethnic rivalry can lead to culminate in a civil war (the more a country is ethnically divide, the greater the prospect of civil war). But by the same token it is also true that there are a number of African countries like Botswana, Ghana or Zambia where disparate groups have managed to coexist perfectly peacefully. African cities live in a more integrated way than you might find in other cities like London or New York, for that matter.
It’s fair to say that whatever the factor is, it shouldn’t condemn Africa to a permanent failure to grow. While each of these factors may be part of the problems, they all depend on aid.
This book is a completed study about how Aid is not working, about a Radical Rethink of the Aid-Dependency Model, about a Capital Solution and about Making Develpment Happen. There are many examples, comparations and statistic and references to help us understand why Africa is the way it is. The book tells us about the mistakes made in those more than 50 years of aid. The mistake the West made was giving something for nothing. Economic theory tells us that trade contributes to growth in at least two ways: by exactly increasing the amount of actual goods and services that a country sells abroad, and by driving up productivity of the workforce. In stead of giving money for nothing, why doesn’t The West follow China’s procedures? The secret of China’s success is that its foray into Africa is all business. The West has sent aid to Africa and ultimately did not care about outcome.
The best time to plant a tree is twenty years ago.
The second-best time is now.
y por aquí dejo un enlace en español de El Correo
Los remedios de Dambisa Moyo para acabar con el mito de la ayuda