- Economist | February 2, 1969 -
I have dedicated many years to economic study, up to the Ph.D. 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.
Dambisa Moyo
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Under the all-encompassing aid system, too many places in Africa continue to flounder under inept, corrupt and despotic regimes who spend their time courting and catering to the demands of the army of aid organizations.
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The fact of the matter is that instead of going around the world and haranguing countries for engaging with China, the West should be encouraging its own businesses to trade and invest in these regions.
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At its very best, the Western model speaks for itself. It's the model that put food on the table. It's the refrigerators. It put a man on the moon.
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I was born and raised in Zambia in 1969. At the time of my birth, blacks were not issued birth certificates, and that law only changed in 1973.
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China is attempting the death-defying feat, which no one has attempted in the history of the world, which is to move a billion people out of poverty. When I speak to Chinese policy-makers, the thing that annoys them the most about Western policy-makers is that they're not given any credit for anything.
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I would say issues around human rights - either you're going to take a hard stance, or you're not. You can't borrow money from China the way the U.S. has done and then turn around and say, 'But you've got a human-rights problem.' You can't be half pregnant.
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If I go to Singapore, I have friends there. If they came to Zambia, they'd feel the same way. I've made connections, and I have friends in many, many countries.
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I had the good fortune to spend hours with my parents around the dinner table having debates on politics and economics.
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Too many African countries have already hit rock-bottom - ungoverned, poverty-stricken, and lagging further and further behind the rest of the world each day; there is nowhere further to go down.
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There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions.
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I don't think my background in Zambia has really affected my lens because my classical training has been Western-style. But it's fantastically fortuitous to have been born African because I don't feel I have a vested interest to the U.S. or China or wherever.
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