Dambisa Moyo

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. ”

The notion that aid can alleviate systemic poverty, and has done so, is a myth. Millions in Africa are poorer today because of aid; misery and poverty have not ended but increased. Aid has been, and continues to be, an unmitigated political, economic, and humanitarian disaster for most parts of the developing world. ”

I was initially very interested in public policy, but then after my masters at Harvard, I felt that it was important to get a better handle on the economics of it as well. I did my Ph.D. in macroeconomics, and my thesis - 'Why Is It That Some Countries Save And Others Not?' - was on savings. ”

The western mindset erroneously equates a political system of multi-party democracy with high-quality institutions... the two are not synonymous. ”

I'm an economist, not a political scientist. ”

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. ”

The World Bank can only survive if it's spending money. ”

A constant stream of 'free' money is a perfect way to keep an inefficient or simply bad government in power. As aid flows in, there is nothing more for the government to do - it doesn't need to raise taxes, and as long as it pays the army, it doesn't have to take account of its disgruntled citizens. ”

This is my favourite thing about being raised in Africa: we don't do labels very well; we don't do this, 'Oh, you're a Democrat; oh, you're a Republican.' Because we live in the real world. ”

I went into the sciences very early on, but to me, economics pervades so much more of our lives and our existence. ”