neopuritan
Thursday, March 19, 2009 4:15:00 AM
As Zambian-born economist Dambisa Moyo puts it, "far from being a catalyst, foreign aid has been the biggest single inhibitor of Africa's growth.

Among its shortcomings, aid is correlated with corruption, fosters dependency, and invariably instills bureaucracy that hinders the emergence of an essential entrepreneurial class.

For Africa to grow in a sustained way, foreign aid will have to be dramatically reduced over time, forcing countries to adopt more transparent strategies to finance development.

What the credit crunch has effectively done is to instigate this process by default."

As you might imagine, Moyo's book, Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa, has stirred considerable debate in media around the world.

Only here, as if taxing, spending, and borrowing were not enough to remedy the failed paradigm of the Nanny State/Welfare system (read "reparations" in there somewhere), we'll just go ahead and tax, spend, and borrow some more... exponentially.

Boneheads...

pacman357
Thursday, March 19, 2009 6:22:00 AM
Oh yeah, Dambisa Moyo...I was just reading her (yes, this "guy" is a woman, and not a terribly unattractive one at that) book called "Things I Found in My Nose".

Seriously, do you know anything about her, or did you just happen to find someone expressing an opinion which you already hold, and despite not knowing the first damned thing about Ms. Moyo, seized upon this as some sort of conclusive evidence that you must be correct?

A monkey can be taught to cut and paste. Stun us some time by showing that you've managed to do a little research and possess some comprehension of the speech, the speaker and the context.

Now, if Ms. Moyo speaks for all of Zambia, then fine, we could use the money ourselves anyway.

BTW, according to our own State Dept., there are a few things that might put life in Zambia into context for ya'll. More than 14% of the population is infected with HIV or full-blown AIDS. Over 800,000 children have lost at least one parent to the disease. I'd bet some of those folks might see a need for medication, education, etc. I seem to recall President Numbnuts was actually quite proud of his efforts to try to stanch the tide of AIDS sweeping Africa, most notably by providing millions to fight the disease.

Nearly 2/3 of Zambians live in poverty. Inflation reached 30% in 2000, although it has tailed off a bit since then. Because the country has been relatively stable in a region that is notoriously unstable, the country has seen an influx of refugees from other countries, estimate to be around 87,000 people at the moment, down from a high of over 200K in 2002.

The United States works closely with the Zambian Government to defeat the HIV/AIDS pandemic that is ravaging Zambia, to promote economic growth and development, and to effect political reform (currently, only one political party is permitted to operate legally) needed to promote responsive and responsible government.

Now Ms. Moyo may be correct in her beliefs, and her credentials are quite impressive. I certainly don't have any burning personal desire to send money to Zambia. I also suspect that the U.S. is happy to send money as part of an effort to have a stable base from which to operate should it ever become necessary, say with military operations.

However, her basic theme appears to have been arguing for more innovative ways for Africa to finance development including trade with China, accessing the capital markets, and microfinance. China has been aggressively pursuing resources and trade partners in other countries, so that is possible, albeit limited to Zambia's natural resources, all of which China can get elsewhere, and usually in large amounts. Accessing the capital markets won't help if you have no capital to spend or invest, and microfinancing, as a method to lift the fortunes of Zambia, would be incredibly slow to develop. Decades, not years.

BTW, for a pretty scathing review of her book, which contains some of her theories, you might want to read the following article:

http://www.guardian.co.uk/books/2009/feb/14/aid-africa-dambisa-moyo 

One last thing, an odd bit of trivia...

Recently, the Zambian Drug Enforcement Commission (DEC) has detained a number of Americans for possession of Benadryl and other over-the-counter medications which have contained small quantities of diphenhydramine, an active ingredient that is on Zambia’s list of controlled substances. Although unaware of these restrictions, Americans have been charged with drug trafficking offenses, had their passports confiscated, and been jailed. That's right, people are going to jail for Benadryl.

teelio
Thursday, March 19, 2009 9:45:00 AM
As good christian Americans, we should not send money to Zambia. Those people are BLACK.
JadeRose
Thursday, March 19, 2009 9:52:00 AM
LOLZ....I just wish she would stop sending me emails...I keep sending her money and I never get what she promises.

Pacman..knock it off.....independent thought will not be tolerated

jpotts
Thursday, March 19, 2009 10:05:00 AM
It should be interesting to note that since the founding of Zambia, the model used for governmental policies have been those of the Soviet Union (no big surprise there as a good chunk of Africa was a battleground during the Cold War).

What we have in Zambia is the result of decades of single-party Marxism, nationalized industries, and so on. And while microloans may take decades to work, Zambia will be in FAR better shape with such a strategy than to revert back to the socialism that crippled the country.

The original author is correct on many counts. All that aid those countries receive barely makes it to the people for which it was targeted.

I watched a couple of specials on microloans. It is a very interesting concept that, if allowed to natually evolve in these Third World nations, will benefit a majority of these poor populations.

Its also kinda funny to watch the reaction of some of these die-hard UN-loving socialists marvel at the success rate of microloans (seeing that they've probably never thought that capitalist principles would actually work).

teedubbya
Thursday, March 19, 2009 10:09:00 AM
I don't know much about Zambia which is why it is so refreshing to have you zambia experts to turn to.
teedubbya
Thursday, March 19, 2009 10:12:00 AM
you see the drive by media is worthless so all I have to rely on is the thouroughly researched and thought out views of you guys and one angry woman
DrafterX
Thursday, March 19, 2009 10:13:00 AM
wasn't Obama born there..?? cause that's what I heard...
teedubbya
Thursday, March 19, 2009 10:14:00 AM
even if he was he would know less about it than us
jpotts
Thursday, March 19, 2009 10:14:00 AM
I heard he drinks his own urine.

Mainly because it's sterile.

jpotts
Thursday, March 19, 2009 10:16:00 AM
I gotta agree with you, teedubbya. I think that it is important that we all refrain in expressing an opinion.
jpotts
Thursday, March 19, 2009 10:17:00 AM
(Sorry, jpotts forgot to reference jpotts in the third person.)
teedubbya
Thursday, March 19, 2009 10:19:00 AM
urine the money