How International Aid Failed Africa and Made Poverty Worse

Source: Foundation for Economic Education
by Emmanuel Rincon

“The Zambian economist, Dambisa Moyo, wrote a book — Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa — to denounce how the hypocrisy of political correctness did nothing but continue to impoverish the African continent through international aid. … In 1990 there were 280 million people living in extreme poverty in Africa; today that figure exceeds 430 million. … In contrast to the situation in Africa, according to the World Bank, there were 1.9 billion people in extreme poverty worldwide in 1990, and today, that figure has decreased to 736 million people; in other words, while more than 1.1 billion people worldwide have emerged from extreme poverty in the last 30 years, the opposite trend has occurred in Africa, where the figure has increased by at least 150 million people.” (12/28/21)