Development Economics Book

Whilst reading the Sunday papers today I came across a book recommendation that might be a useful resource when teaching the pros and cons of aid as a development strategy.

Dead Aid by Dambisa Mayo was published at the end of last month and argues that foreign aid may not be the best way forward for economic development in Africa.

Dambisa also appeared on Radio 4 program Start the Week:

“The economist Dambisa Mayo argues that aid to Africa isn’t working as it stifles domestic entrepreneurship and leads to corruption. Instead she suggests that the current global downturn could provide an opportunity for poorer countries on the continent to enter the bond market. Dead Aid: Why Aid is Not Working and How There is Another Way for Africa is published by Allen Lane.”

Later this week I will be producing a revision worksheet on the pros and cons of aid for developing countries. I will try and include some of the ideas put forward in this book.