Money for Nothing?

Dead Aid
Why Aid Is Not Working and How There Is a Better Way for Africa
Dambisa Moyo
Farrar, Straus & Giroux, $24, 208 pp.

It’s anyone’s guess whether Dead Aid, the title of Dambisa Moyo’s new book, will become as famous a phrase as “Live Aid,” the 1985 rock music extravaganza that raised money for famine-stricken Ethiopia.

Thanks to a spring flood of publicity, however, Moyo’s catchy, unabashedly derivative title is now part of the economic lexicon, and her thesis that aid has done more harm than good for Africa is woven into the ongoing economic...

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About the Author

Bethe Dufresne, a frequent contributor, is a freelance writer living in Old Mystic, Connecticut.