Dead Aid: The Battle Continues
Bill Gates Answers a Question about Dead Aid, a book which claims Aid is bad for African economies On May 28, 2013 during a Q&A session at the University of New South Wales, Bill Gates, co-Founder of Microsoft and the Bill and Melinda Gates Foundation
What does he think about the book?....Its promoting Evil.
Is Aid really that bad?
Yes and No.
Aid has done a lot of African Economies,an awful lot...some economies still survive because of it, but you see that exactly is the problem. But sadly cutting aid, does not solve it.
Has aid done more harm than good? ...Just take a look at all the roads in Dar es Salaam and whose funding their construction..then think twice. ..aid might not be directly harmful but ...what type of aid?..what ties come with it and its functioning...that...is the problem. I'm starting to look at it from a different perspective. Then again, I still detest it and embrace it....*sigh*
Is Dambisa Moyo wrong?
Here's what Dambisa Moyo had to say
I wrote to contribute to a useful debate on why, over many decades, multi billions of dollars of aid has consistently failed to deliver sustainable economic growth and meaningfully reduce poverty. I also sought to explicitly explain how decades of government to government aid actually undermined economic growth and contributed to worsening living conditions across Africa. More than this, I clearly detailed better ways for African leaders, and governments across the world, to finance economic development. I have been under the impression that Mr. Gates and I want the same thing – for the livelihood of Africans to be meaningfully improved in a sustainable way. Thus, I have always thought there is significant scope for a mature debate about the efficacy and limitations of aid. To say that my book “promotes evil” or to allude to my corrupt value system is both inappropriate and disrespectful.Whats Your Take?
Read more of her response Below
Mr. Gates’ claim that I “didn’t know much about aid and what it was doing” is also unfortunate. I have dedicated many years to economic study up to the PhD level, to analyze and understand the inherent weaknesses of aid, and why aid policies have consistently failed to deliver on economic growth and poverty alleviation. To this, I add my experience working as a consultant at the World Bank, and being born and raised in Zambia, one of the poorest aid-recipients in the world. This first-hand knowledge and experience has highlighted for me the legacy of failures of aid, and provided me with a unique understanding of not only the failures of the aid system but also of the tools for what could bring African economic success.In conclusion, I am disappointed that Mr. Gates would choose the route of personal attacks rather than a logical counter argument about the role of aid in modern Africa. Such attacks add no value in the important discussions on the challenges the world faces to deliver economic growth, eradicate poverty, combat disease, and reduce income inequality, to name a few.As I have always maintained, I respect the views of others and am open to having logical and meaningful debates with the ultimate goal of finding sustainable solutions to Africa’s economic problems.To cast aside the arguments I raised in at a time when we have witnessed the transformative economic success of countries like China, Brazil and India, belittles my experiences, and those of hundreds of millions of Africans, and others around the world who suffer the consequences of the aid system every day.