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Friday, December 28, 2018

"Aid Creates Inflationary"


Dambiso Moyo ( Born 2 February 1969) is a Zambian-born international economist and the author who analyzes the macro-economy and global affairs. She holds a bachelor's degree in chemistry and MBA from Harvard Kennedy School,  and PHD Economics from Oxford.
she is also the Author of [Dead Aid Africa]  mentioned her book of the effects of Aid transferred to Africa in past decades and she said " Higher interest rates means less investment [It becomes too costly to borrow to invest], less investment means fewer jobs, Fewer jobs means more poverty, and more poverty means more Aid".

If we have referred in to the above problems that created in the Aid from the richer to poorer we have well understood how the Aid affected the African continent and it gets the poor poorer, because from the last five decades Africa receive more than 1-trillion dollars and now the life of African's is worst than how Africa has for fifty years ago, the poverty double, unemployment is high, child mortality increase and  in every seven children born in Africa one of them died for malnutrition, and there is civil wars continue in some of African counties. Therefore, that is why Dambiso Moyo criticized the Aid.

THE END.




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