Crowding Out Private Investment: The book argues that aid often crowds out private investment, reducing the incentives for entrepreneurs to take risks and start businesses.Aid Dependence: The book argues that aid dependence creates a culture of entitlement and reduces the incentives for recipients to develop their own economies.The book argues that foreign aid to Africa has not only failed to achieve its intended goals of reducing poverty and promoting economic growth, but has also contributed to economic stagnation and political corruption. "Dead Aid: Why Aid is Not Working and How There is a Better Way for Africa" is a book by Dambisa Moyo, a Zambian-born economist.
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