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  • Events | 28 October, 2010 (11:06)

    Dead Aid: China and Africa’s Development

    In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse—much worse.

    International economist Dambisa Moyo will describe the state of postwar development policy in Africa today and debunk one of the greatest myths of our time: that billions of dollars in aid sent from China and other countries to developing African nations has helped to reduce poverty and increase growth. Instead, overreliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the “need” for more aid.

    DATE: Monday, November 1
    TIME: 4:00-5:30pm

    VENUE:

    Embassy of the Kingdom of the Netherlands
    Liangmahe Nanlu 4
    荷 兰王国驻华大 使馆 – 北京
    中 华人民共和国北京市亮马河 南路4号
    Phone: 010 85320200

    ENTRANCE: Free to members, 50 rmb to non-members
    REGISTRATION: Please register at fcccadmin@gmail.com.

    ABOUT THE SPEAKER:
    Dambisa Moyo serves on the boards of Barclays Bank, SABMiller, and Lundin Petroleum. She was an economist at Goldman Sachs where she worked for nearly a decade, and was a consultant to the World Bank in Washington D.C. In 2009 Ms. Moyo was named by Time Magazine as one of the “100 Most Influential People in the World”

    She is the author of the New York Times Bestseller Dead Aid: Why Aid is Not Working and How there is a Better Way for Africa. Her forthcoming book, How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead, is scheduled for publication in January 2011.

    Ms. Moyo completed a PhD in Economics at Oxford University and holds a Masters degree from Harvard University.