Who is Dambisa Moyo, the economist who found flaws in the state aid system in Africa

Who is Dambisa Moyo, the economist who found flaws in the state aid system in Africa

December 20, 2024 – 7:00 p.m.

Since 2022 he has served as a member of the House of Lords.

Throughout history, the economy was not a space allowed for women. However, in recent decades there have been cases of figures who changed this paradigm and managed to leave their mark on world economic history.

Such is the case of Dambisa Moyowho carried out studies and research that concluded in a best-selling book about how Africa’s aid system was destroying the region.

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Research, books and solutions

Dambisa Moyo was born on February 2, 1969 in Lusaka, Zambia. He spent much of his childhood in the United States, although he later returned to Zambia where he studied chemistry at university in Lusaka.

Once graduated, she studied Economic Sciences, in a Master in Business Administration (1993) from the American University in Washington DC and obtaining a doctorate in Macroeconomics in 2002 at the University of Oxford, with the thesis Why Is It That Some Countries Save And Others Not? on the importance of savings in economic growth.

Worked as consultant to the World Bank from 1993 to 1995 and in Goldman Sachs from 2001 to 2008where was head of economic and strategic research for sub-Saharan Africa. There he published his most important work to date: Dead Aid: Why Aid is Not Working and How There is a Better Way For Africa (2009) is a harsh criticism of the approaches of Official Development Assistance in Africa.

In May 2009, Time magazine included Moyo in its list of the 100 most influential people in the world. Later, he continued along the same line of research, with publications focused on the areas of global economy, geopolitics and financial markets.

Other notable works are How the West was lost: fifty years of economic folly and the stark choices aheadabout the international rise of China and the decline of the US and the rest of the West, The winner takes all: the Chinese fever for control of natural resources and what it means for the worldon the Chinese positioning in the international raw materials and futures markets and the consequences that arise and Edge of chaos: why democracy is failing to deliver economic growth? and how to fix it.

Source: Ambito

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