Hilary-Africa-Neoliberalism

Hilary-Africa-Neoliberalism - Race & Class...

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http://rac.sagepub.com/ http://rac.sagepub.com/content/52/2/79 The online version of this article can be found at: DOI: 10.1177/0306396810377010 2010 52: 79 Race Class John Hilary Africa: Dead Aid and the return of neoliberalism Published by: http://www.sagepublications.com On behalf of: Institute of Race Relations can be found at: Additional services and information for http://rac.sagepub.com/cgi/alerts Email Alerts: http://rac.sagepub.com/subscriptions Subscriptions: http://www.sagepub.com/journalsReprints.nav Reprints: http://www.sagepub.com/journalsPermissions.nav Permissions: http://rac.sagepub.com/content/52/2/79.refs.html Citations: at Univ of Illinois at Chicago Library on November 8, 2010 rac.sagepub.com Downloaded from
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SAGE Los Angeles, London, New Delhi, Singapore, Washington DC John Hilary is the executive director of War on Want. Copyright © 2010 Institute of Race Relations, Vol. 52(2): 79–84 10.1177/0306396810377010 http://rac.sagepub.com Africa: Dead Aid and the return of neoliberalism JOHN HILARY Abstract: Dambisa Moyo’s 2009 book Dead Aid sought to revive the neoliberal prescriptions for Africa’s development that were promoted by the World Bank and the International Monetary Fund during the 1980s and 1990s. This article argues that implementing such prescriptions would repeat the catastrophic errors of Africa’s two ‘lost decades’ and that the real alternative to aid dependency lies not in the free market but in development that is genuinely accountable to local communities. Keywords: Dambisa Moyo, International Monetary Fund, neocolonialism, World Bank One of the more controversial publishing events of 2009 was the appearance of Dambisa Moyo’s book Dead Aid . 1 Subtitled ‘Why aid is not working and how there is another way for Africa’, the book rekindled the debate on economic development in the poorest countries of the global South. Moyo herself has been heralded as a prophet for the twenty-first century, being included in Time maga- zine’s hundred most influential people and even breaking into Oprah Winfrey’s top twenty power list. Yet is she right? Dead Aid raises a number of critical issues which challenge the comfortable orthodoxy of overseas development assistance. The book follows in the foot- steps of Teresa Hayter’s 1971 classic Aid as Imperialism , which exposed the use of aid as a political weapon wielded by donor countries in their own interests. US at Univ of Illinois at Chicago Library on November 8, 2010 rac.sagepub.com Downloaded from
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80 Race & Class 52(2) presidents had made no secret of this, as in Nixon’s much quoted admission: ‘Let us remember that the main purpose of aid is not to help other nations but to help ourselves.’ Yet Hayter took the story a stage further by revealing the imma- nent ideological bias of the World Bank and International Monetary Fund (IMF) at a time when those institutions were still promoted as being ‘above’ the politics
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Hilary-Africa-Neoliberalism - Race & Class...

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