Dambisa Moyo
Dambisa Moyo
Dambisa Moyo2 February 1969) is a Zambian-born international economist and author who analyzes the macroeconomy and global affairs. With post-graduate degrees in business, public administration, and economics from American University, Harvard, and Oxford, Moyo currently serves on the boards of Barclays Bank, the financial services group, SABMiller, the global brewer, and Barrick Gold, the global miner. She worked for two years at the World Bank and eight years at Goldman Sachs before becoming an author and international public speaker. She...
NationalityZambian
ProfessionEconomist
Date of Birth2 February 1969
CountryZambia
borrow china either half hard human issues money turn
I would say issues around human rights - either you're going to take a hard stance, or you're not. You can't borrow money from China the way the U.S. has done and then turn around and say, 'But you've got a human-rights problem.' You can't be half pregnant.
comment dependence object
I'll make a general comment about this whole dependence on 'celebrities.' I object to this situation as it is right now, where they have inadvertently or manipulatively become the spokespeople for the African continent.
aid analyze dedicated deliver failed inherent policies understand weaknesses
I have dedicated many years to economic study, up to the Ph.D. level, to analyze and understand the inherent weaknesses of aid and why aid policies have consistently failed to deliver on economic growth and poverty alleviation.
blacks born changed raised time
I was born and raised in Zambia in 1969. At the time of my birth, blacks were not issued birth certificates, and that law only changed in 1973.
aid countries currency insidious left markets vulnerable
The insidious aid culture has left African countries more debt-laden, more inflation-prone, more vulnerable to the vagaries of the currency markets and more unattractive to higher-quality investment.
aid clear develop industry interest lose people reached whose
We've reached a very low-level equilibrium where it's not clear whose interest it is in to develop Africa... It's not in the interest of those in the aid industry to develop Africa because then there'd be no more industry and 500,000 people would lose their jobs. The only people whose interest it is in is Africans, but they have no voice.
country party moving
In a perfect world what poor countries at the lowest rungs of economic development need is not a multi-party democracy, but in fact a decisive benevolent dictator to push through the reforms required to get the economy moving
thinking years europe
If you think about the last 50 years, Africa's proximity and historical context has absolutely been with Europe and the United States, but their approach in dealing with the economic challenges that Africa faces in particular has been one of handing out aid, not developing economies, not building a long term relationship around agriculture and so on.
mean past doctrine
The fact that Brazil and Chile now has China as their largest trading partner means the Monroe Doctrine is certainly something of the past.
mean land stuff
The fact that China has about seven percent arable land, means that she's always going to be looking for places that have more arable lands to finance or to provide food stuffs.
lying heart home
Ask most people who live in a home and have a mortgage on it whether they own their own home and the answer is almost guaranteed to be a resounding 'yes'. Yet it's the wrong answer. Technically speaking, until they have paid the mortgage off, they don't own it. Herein lies the difference between reality and illusion, between ownership and control. This confusion lies not only at the individual level, but also at the heart of government thinking.
aid catering continue corrupt courting demands despotic places regimes spend time
Under the all-encompassing aid system, too many places in Africa continue to flounder under inept, corrupt and despotic regimes who spend their time courting and catering to the demands of the army of aid organizations.
admire came colonial people raised rural
The people I admire unreservedly are my parents. They are the real pioneers of Africa in many ways. They were born and raised in rural Africa during the colonial period. They are the ones who came to the U.S. long before I did.
british classic economies european examples great next obviously scheme tons weight
There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions.