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30. Dambisa Moyo Says Foreign Aid Can’t Solve Problems, but Maybe Corporations Can

People I (Mostly) Admire

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Africa's Economic Challenges and Foreign Aid

This chapter provides an in-depth analysis of Africa's economic landscape, highlighting the influence of external markets, particularly China's role, and the persistent challenges faced by the continent. It critiques the long-term effects of foreign aid on African governance and economic performance, arguing that such assistance often perpetuates dependency rather than fostering growth. By comparing Africa's trajectory with successful Asian nations, the discussion emphasizes the need for efficient governance and local accountability in achieving sustainable economic development.

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