Dambisa Moyo born September 15, 1969, is a native of Zambia (Southern Africa), holds a doctorate in Economics from Oxford University and a Masters from Harvard University. She is the author of Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa, published in the spring of 2009. The book offers ways for developing countries to finance development, rather than simply relying on foreign aid. Her book is published internationally by Penguin Books and in the United States by Farrar, Straus & Giroux.
In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the greatest myths of our time: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth.
I believe it’s largely aid [that has held back Africa]. You get the corruption — historically, leaders have stolen the money without penalty — and you get the dependency, which kills entrepreneurship. You also disenfranchise African citizens, because the government is beholden to foreign donors and not accountable to its people.
Dambisa Moyo was born and raised in Zambia, Southern Africa. She completed a PhD in Economics at Oxford University and holds a Masters from Harvard University. She completed a Bachelors degree in Chemistry and MBA in Finance at the American University in Washington D.C..
She worked at Goldman Sachs for 8 years in the debt capital markets, hedge fund coverage and in global macroeconomics teams. Previously she worked at the World Bank in Washington D.C.. Dambisa was recently nominated to the Board of Lundin Petroleum – a global independent oil and gas exploration and production company.
Dambisa is a member of Cambridge University’s Centre for International Business and Management (CIBAM), and the Royal Institute of International Affairs (Chatham House). Dambisa is also a Patron for Absolute Return for Kids (ARK), a hedge fund supported children’s charity, and serves on the Board of the Lundin for Africa Foundation, which pledged US$100 million towards microfinance initiatives.
Dambisa argues for more innovative ways for Africa to finance development including trade with China, accessing the capital markets, and microfinance.
Dambisa has also been offered a contract for another book, entitled How the West Was Lost, scheduled for publication with Penguin and Farrar, Straus & Giroux in 2010. This book examines the policy errors made in the US and other Western economies which culminated in the 2008 financial crisis. And discusses why financial and economic experts missed the signs of the credit crunch. It also explores the policy decisions that have placed the emerging world- China, Russia and the Middle East, in pole position to become the dominant economic players in the 21st century.