The New, NEW Black Woman: Dambisa Moyo!

The New, NEW Black Woman: Dambisa Moyo!

Black, beautiful, and brainy. This is my kinda chick.

Author : Jamila Akil

Author's Website | Articles from

A black female face in the upper echelon of the economics field appears to be pretty rare. I’m in an intermediate economics class right now and there are four or five women in a class with 30 people, two of those women are black. Present company included. If black female economists are rare at this level, imagine how much rarer they are at the PhD level? Dambisa Moyo is one black woman kicking butt and taking names in the world of economics and finance, and she has the PhD from Oxford University and work experience at the World Bank and Goldman Sachs to prove it. Oh, and she graduated from Harvard too.

Ms. Moyo is the author of two books: How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead and Dead Aid: Why Aid Is Not Working and How There is Another Way for Africa. The latter book put forth the relatively novel idea–novel to the development community anyways–that African nations need to become self-sufficient by weaning themselves off of aid–food and otherwise–from more developed nations. Moyo believes that if African leaders do the right thing and the people do their part, African nations can indeed be self-sufficient and stop taking the kinds of hand-outs from Western nations that keep African countries from developing on their own.

An African woman talking about self-sufficiency for Africans, a sort of do-it-yourself movement on African soil with African leaders at the forefront and African people doing their part? Sounds good to me!

Moyo serves on the board of Barclays Bank, SABMiller, Lundin Petroleum, and Barrick Gold. So not only is Ms. Moyo’s intelligence and experience recognized and given respect in the world of international development, but also in private industry.

Dambisa Moyo’s accomplishments speak for themselves: degrees from the most elite and well-known educational institutions in the world, respect from the private sector, and an ability to write what few others seem willing to say–Africa can and should stand on its own without being deluged with development aid from Western countries that only serves to keep African nations in a cycle of dependence.

Moyo is the New, NEW Black women because she makes self-sufficiency and thinking independently look good.

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Bunny77 2125 pts

I greatly admire her! I still haven't read "Dead Aid" though (hanging head in shame), but this woman is fierce!!!

Nonya 210 pts

Yes, Dambisa is my girl! Love watching her debates/discussions where she slays 'em. Articulate, learned, and business-minded; that's my type of NNBW.

edenifill 112 pts

I follow her on Twitter! Yes, she is well-known in the economic development circles and counters the advice of Jeffrey Sachs and Bono. Her book is on my must-read list. I saw her in an interview here in Canada and she was poised, intelligent and engaging. If there is a black woman to look to it is her. I had to put that in, since I just finished reading an old post about AW and WM,

dani-BBW 1840 pts

I'll have to add her books to my list. Economics were my second favorite group of business courses in school. If I hadn't pursued accounting I would have gone into economics.

DidiO 306 pts

I have just placed an order for 'Dead Aid' on Amazon.

Did you know she has another book coming out in June '12? It's available for pre-order.

'Winner Take All: The Race For The World's Resources'

I like the title already.

DidiO 306 pts

She is one to watch for sure and EXACTLY the type of woman (or person, period!) I admire and I'm inspired by- brainy WITH common sense. The two do not neccesarily go hand in hand.

Good looks are fun and all but give me someone with mega-smarts and I might just worship at their altar.

yvonnelee 195 pts

The last book I read on African economic issues was the bottom billion, many moons ago. I need to read more on this topic. I'll definitely be checking out her books.

Jay from Philly 679 pts

She looks a lot like a woman I knew a few years back (but that woman designed window displays for women's clothing stores). I remember her because she was really cute with a bangin' body and flirted with me aggressively, but I was starting to move into the serious phase with the girl I would ultimately marry, so I couldn't reciprocate.

Blanc2 353 pts

I've been in secret unrequited love with Dambisa Moyo for years now. Her work is amazing, as is her beauty.

As to her position on foreign aid, the same thought was expressed by the great Lady Breeze, "Aid travels with a bomb".

GeorgeGeorge 5 pts

Moyo serves on the board of Barclays Bank, SABMIller (the world's second largest brewing organisation), Lundin Petroleum (which made a profit of half a $billion last year) and and Barrick Gold (the world's largest gold mining operation) and is undoubtedly very well paid to do so. Do any of these have the slightest interest in alleviating Africa's poverty? She's also *worked* for the World Bank as a consultant and for Goldman Sachs.

She's just another capitalist advocating capitalist economics, which is what has been recommended by the IMF/World Bank for the past 40 years and is a proven failure.

Jamila 7674 pts

GeorgeGeorge "...and is undoubtedly very well paid to do so."

Yep, which makes me like her even more.

Oh the horror! A well-educated black women demanding to be PAID what she is worth and what is in line with what everyone else in her field is getting paid. Just who does she think she is?!

"Do any of these have the slightest interest in alleviating Africa's poverty?"

No, we just read these books and write blog posts about it because there's nothing else better to do.

"She's also *worked* for the World Bank as a consultant and for Goldman Sachs."

I know. I actually wrote that in this post. Did you read the post and what I had to say about her work experience?

"She's just another capitalist advocating capitalist economics, which is what has been recommended by the IMF/World Bank for the past 40 years and is a proven failure."

Communism and socialism worked? Unfortunately, I missed that memo.

Christelyn 9250 pts moderator

JamilaGeorgeGeorge BTW Jamila, as Senior Editor I have upgraded your status to moderator, so if you grow tired of this, you may zap as you wish. ;-)

Jamila 7674 pts moderator

Christelyn JamilaGeorgeGeorge Thank you Chris! I feel my pimp, er, I mean moderator, hand growing stronger by the second! lol

Brenda55 20938 pts moderator

JamilaChristelyn GeorgeGeorge

Eeeeek don't touch that dial. Pretty please. This is a pretty good debate.

Jamila 7674 pts moderator

Brenda55JamilaChristelyn GeorgeGeorge Don't worry, I haven't banned him/her. Right now he/she is just disagreeing with me and there's no crime in that.

Nonya 210 pts

GeorgeGeorge

Her professional experience inside such companies and institutions is precisely why she makes such an informed argument as to why aid is not the cure. Surely you can agree that such experience (not just reading about it) is necessary in order to derive actionable solutions.

And BTW, capitalism is NOT a monolithic block. There are numerous strains/applications, so results differ everywhere.

GeorgeGeorge 5 pts

Just because the subject is a black woman doesn't mean she's right. Any serious examination of Africa's problems would start with cancelling their external debt to the banks and the IMF, a subject Moyo apparently ignores. What Africa pays in debt repayment dwarfs what they receive they in aid, as all informed commentators know. "Free Markets' and privatisation are what the IMF has been prescribing for Africa for decades and the result has been a disaster as Susan George, for one, can tell you at length. The terms of trade in this 'free market' have all been heavily biased against African producers and this remains the case. They'll always be room at the top for a black woman as long as she tells the rich and powerful exactly what they want to hear, as Moyo does. A younger, sexier Condi Rice anyone? No thanks.

Joyce345 1751 pts

GeorgeGeorge

All you have done is prove that she is right!

Jamila 7674 pts

GeorgeGeorge "They'll always be room at the top for a black woman as long as she tells the rich and powerful exactly what they want to hear, as Moyo does."

Tell the rich and powerful what they want to hear? WHAT? Moyo's views are so controversial in part because so few are saying what she is saying: Africa needs to wean itself off of foreign aid and pursue a policy of (1) courting investors who want to build businesses in the country and (2) make the governments of those countries responsible to the people.

Moyo doesn't let the IMF and World Bank off the hook completely. She faults them for giving loans and aid money to dictators who only used the money to exploit the people, not to develop the country. Moyo also says that the loans are were not structured in such a way as to make sure that the funds going to the right places and do the right things--such as building infrastructure, investing in schools, sanitation, etc., Instead the money went into a private bank account in Switzerland but the IMF just kept on giving out money.

Sophia 486 pts

JamilaGeorgeGeorge She definitely addresses the IMF and World Bank's role in Africa's problems. However, she ultimately emphasizes a message of self-reliance for Africa and Africans.

Joyce345 1751 pts

I absolutely loved her book on Dead Aid. She was spot on about many things. Truth is many Africa's countries are crippled because of AID.

Sophia 486 pts

Joyce345 Exactly. Aid props up dictatorships and definitely does not trickle down to the people that need it.

Joyce345 1751 pts

Sophia

Not only does the money NOT trickle down, the weak economies are left crumbling in debt.

Plus did you know that a huge chunk of that money goes back to the West through contractors anyway?

Sophia 486 pts

I really respect her voice and perspective. She is voicing what a lot of African's privately believe. I especially love her debate with her old professor Jeffrey Sachs, which she came out on top of in my opinion. Lpads of respect to her. She is a breath of fresh air.