An international economist Dambisa Moyo is known for her ability to unite contrarian thinking and measured judgment. Being not afraid to persist her statement on development-related aid to Africa, she went head to head with Bill Gates.

Dr. Dambisa Moyo, born and raised in Lusaka, Zambia, is named to the list of Time 100 Most Influential people in the world in (2009) and awarded Hayek Lifetime Achievement Award (2013).  She influences key decision-makers in the spheres of strategic investment and public policy and is able to «turn economic insight into investible ideas».

Having a PhD in Economics from Oxford and a Masters from Harvard, Moyo has earned a strong reputation as «a top-tier opinion former and trusted advisor on Macroeconomics, Geopolitics, Technology and Millennial themes». Previously she worked at The World Bank, Goldman Sachs and SABMiller. Now she is a Board member of Barclays Bank, Barrick Gold, Chevron and Seagate Technologies. So she advises corporate boards, companies, CEOs and top managers on investment decisions, risk management and capital allocation.

New York Times Bestsellers 

Moyo is an author of three books, that promptly become New York Times Bestsellers: «Dead Aid: Why Aid is Not Working and How There is a Better Way for Africa (2009)», «How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead» (2012) and «Winner Take All: China’s race for Resources and What it Means for the World» (2012).

«How the West Was Lost» deals with the decline of the economic supremacy of the West over the past 50 years and states that the world’s most advanced economies are embezzling their economic leadership positions. In the book review, Oxford’s professor of economics Paul Collier says that «I [he] applaud her brave alarum against our economic and social complacency: her core concerns are sufficiently close to painful truths to warrant our attention».

In «Winner Take All» Moyo examines the commodity dynamics, that will face our world over the next several decades. To be precise, it explores China’s involvement in natural resources across many countries, though the country itself has one of the largest in history scale of hard and soft commodities.


However, the most-under-discussion book is the first one,
«Dead Aid». It reveals why African countries become even poorer, while the US does its best to help them. «Over the past fifty years $1 trillion of development aid has flowed from Western governments to Africa, with rock stars and actors campaigning for more. But this has not helped Africa. It has ruined it», – the author says. Nevertheless, the book is considered to be an «optimistic work», which suggests a «more hopeful vision of how to address the desperate poverty that plagues millions». 

 

Gates Vs Moyo

In May, 2013 «Dead Aid» had its moment of glory at a Q&A session at the University of New South Wales, attended by Bill Gates. A member of the audience asked the business magnate and philanthropist on whether wealthy countries’ aid in Africa caused negative consequences, based on the main idea of the Moyo’s book. The woman enquired: «Mr. Gates, ‘Dead Aid’, a book by Dambisa Moyo, illustrates that giving more aid to Africa over the course of the years did not alleviate poverty, instead it kept the economy crippled with governments asking for more aid. This fluke made a cycle of aid giving which resulted in nothing productive and it has not been used to solve the immediate problems and the money is not being used to make businesses sustainable in Africa. What’s the foundation’s view in this regard?».

Gates claimed that he had read the book and answered that its author «didn’t know much about aid and what it was doing in Africa» and the book in general «promotes evil».

After the session, Moyo immediately responded to these «inappropriate ad-hominem» attacks. She wrote: «I find it disappointing that Mr. Gates would not only conflate my arguments about structural aid with those about emergency or NGO aid, but also that he would then use this gross misrepresentation of my work to publicly attack my knowledge, background, and value system».

Moyo had many supporters, who shared their views on the issue via social media. For instance, оne said: «This man didn’t read the book, from his arguments that is very clear. This is a grave and insulting misrepresentation of a well written/structured book with criticisms of AID that have been made for decades. We must not give time to wealthy, arrogant, white men like Bill Gate». Another commented that Bill Gates needed «to read the book again», as his words gave mixed messages concerning the plot of the book.

 

Sports And Travelling

In her article published in LinkedIn Moyo says that «Sports became a crucial part of my daily routine later in life. It was not until I signed up to run the 2014 New York City Marathon that I truly became/felt like a ‘runner’». As a person who travels constantly (Moyo visited 80 countries), she is determined not to stop her work-outs. She always plans to have some time in the morning for herself: it can be running or having yoga. «During that time I can clear my head and collect my thoughts before the hustle of the day. This allows me to approach the daily tasks of my professional life with more clarity and enhances my ability to consistently think strategically», – she admits.

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