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Clip 1: Africa, the sentimentality of aid, and Bono (Templeton Foundation)

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Published on Apr 1, 2009

In "Dead Aid," Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts a great myth: that billions of dollars in aid sent from wealthy countries to developing African nations has helped to reduce poverty and increase growth. In fact, poverty levels continue to escalate and growth rates have steadily declined, while millions continue to suffer. Drawing a sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase, Moyo illuminates the way in which an overreliance on aid has trapped developing nations in a vicious circle of dependency, corruption, market distortion, and further poverty. Debunking the current model of international aid promoted by both Hollywood celebrities and policy makers, she offers a bold new road map for financing the development of the world's poorest countries.

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