Dambisa Felicia Moyo, Baroness Moyo (born 2 February 1969)Moyo showed a copy of an official document with her date and place of birth as part of a lecture she gave at TEDGlobal 2013, Edinburgh, Scotland. is a

Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...

n-born economist and author, known for her analysis of

macroeconomics Macroeconomics (from the Greek prefix ''makro-'' meaning "large" + ''economics'') is a branch of economics dealing with performance, structure, behavior, and decision-making of an economy as a whole. For example, using interest rates, taxes, and ...

and global affairs. She has written five books, including four ''New York Times'' bestsellers: ''Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa'' (2009), ''How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead'' (2011), ''Winner Take All: China's Race for Resources and What It Means for the World'' (2012), '' Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It'' (2018), and ''How Boards Work: And How They Can Work Better in a Chaotic World'' (2021).

Early life and education

Moyo was born in 1969 in

Lusaka Lusaka (; ) is the Capital city, capital and largest city of Zambia. It is one of the fastest-developing cities in southern Africa. Lusaka is in the southern part of the central plateau at an elevation of about . , the city's population was ab ...

, Zambia.Moyo, Dambisa
"Preface"
. Excerpted from ''DEAD AID: Why Aid Is Not Working and How There Is a Better Way for Africa''. Farrar, Straus and Giroux, 2009. Reprinted in ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'', 20 March 2009. She spent some of her childhood in the United States, while her father was pursuing his post graduate education, then returned to Zambia. She studied chemistry at the

University of Zambia The University of Zambia (UNZA) is a public university located in Lusaka, Zambia. It is Zambia's largest and oldest learning institution. The university was established in 1965 and officially opened to the public on 12 July 1966. The language of ...

, and completed her BS in chemistry in 1991 at

American University The American University (AU or American) is a private federally chartered research university in Washington, D.C. Its main campus spans 90 acres (36 ha) on Ward Circle, mostly in the Spring Valley neighborhood of Northwest D.C. AU was charte ...

Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...

via a scholarship. She received an MBA in finance from the university in 1993.Curley, Robert
"Moyo, Dambisa"
. In: ''Britannica Book of the Year 2013''. Encyclopædia Britannica, Inc., 2013. p. 97.Dambisa F. Moyo BSc, MPA, MBA, Ph.D.
– Executive Profile at '' Bloomberg''. She acquired a

Master of Public Administration The Master of Public Administration (M.P.Adm., M.P.A., or MPA) is a specialized higher professional post graduate degree in public administration, similar/ equivalent to the Master of Business Administration but with an emphasis on the issues of ...

(MPA) degree at

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

John F. Kennedy School of Government The Harvard Kennedy School (HKS), officially the John F. Kennedy School of Government, is the school of public policy and government of Harvard University in Cambridge, Massachusetts. The school offers master's degrees in public policy, public ...

in 1997. In 2002 she received a

DPhil A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is a ...

in economics from St Antony's College,

Oxford University Oxford () is a city in England. It is the county town and only city of Oxfordshire. In 2020, its population was estimated at 151,584. It is north-west of London, south-east of Birmingham and north-east of Bristol. The city is home to the ...

.Dambisa Moyo
.

Encyclopædia Britannica The (Latin for "British Encyclopædia") is a general knowledge English-language encyclopaedia. It is published by Encyclopædia Britannica, Inc.; the company has existed since the 18th century, although it has changed ownership various time ...

. Retrieved 19 May 2015.

Career

World Bank and Goldman Sachs

Following her MBA, Moyo worked at the

World Bank The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...

from May 1993 to September 1995. She was a

consultant A consultant (from la, consultare "to deliberate") is a professional (also known as ''expert'', ''specialist'', see variations of meaning below) who provides advice and other purposeful activities in an area of specialization. Consulting servic ...

in the bank's Europe, Central Asia and Africa departments, and co-authored the World Bank's annual World Development Report. After pursuing her MPA and PhD, Moyo joined

Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...

as a research economist and strategist in 2001.Elmhirst, Sophie
"The NS Interview: Dambisa Moyo, economist"
. ''

New Statesman The ''New Statesman'' is a British political and cultural magazine published in London. Founded as a weekly review of politics and literature on 12 April 1913, it was at first connected with Sidney and Beatrice Webb and other leading members ...

''. 5 March 2010. Accessed 11 July 2015. She was with the company until November 2008, working mainly in debt capital markets, hedge funds coverage, and global macroeconomics. Part of her tenure at Goldman Sachs was spent advising developing countries on the issuing of bonds on the international market.Solomon, Deborah
"The Anti-Bono"
. ''

The New York Times Magazine ''The New York Times Magazine'' is an American Sunday magazine Supplement (publishing), supplement included with the Sunday edition of ''The New York Times''. It features articles longer than those typically in the newspaper and has attracted man ...

''. 19 February 2009. Accessed 11 July 2015. She was also head of economic research and strategy for sub-Saharan Africa.

Board memberships

After leaving Goldman Sachs, Moyo joined the board of directors of the international brewer

SABMiller SABMiller plc was a South African multinational brewing and beverage company headquartered in Woking, England on the outskirts of London until 10 October 2016 when it was acquired by Anheuser-Busch InBev. Prior to that date, it was the world's ...

in 2009. She is also a former board member of

Barclays Bank Barclays () is a British multinational universal bank, headquartered in London, England. Barclays operates as two divisions, Barclays UK and Barclays International, supported by a service company, Barclays Execution Services. Barclays traces ...

,"Barclays Board change"
. ''Newsroom.Barclays.com''. 22 April 2010. Accessed 11 July 2015. the international mining company

Barrick Gold Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democrati ...

,Board of Directors
.

. ''Barrick.com''. Retrieved 11 July 2015."One-on-one with Dambisa Moyo, Barrick Gold's newest Board member"
. ''Barrick Beyond Borders''.

. 26 August 2011. Accessed 11 July 2015. and the data storage company

Seagate Technology Seagate Technology Holdings plc is an American data storage company. It was incorporated in 1978 as Shugart Technology and commenced business in 1979. Since 2010, the company has been incorporated in Dublin, Ireland, with operational headquart ...

. As of 2022, she is on the boards of

Chevron Corporation Chevron Corporation is an American multinational energy corporation. The second-largest direct descendant of Standard Oil, and originally known as the Standard Oil Company of California (shortened to Socal or CalSo), it is headquartered in S ...

3M Company 3M (originally the Minnesota Mining and Manufacturing Company) is an American multinational conglomerate operating in the fields of industry, worker safety, U.S. health care, and consumer goods. The company produces over 60,000 products under ...

. and

Condé Nast Condé Nast () is a global mass media company founded in 1909 by Condé Montrose Nast, and owned by Advance Publications. Its headquarters are located at One World Trade Center in the Financial District of Lower Manhattan. The company's media ...

. Moyo is also a former board member of the charities Lundin for Africa and

Room to Read Room to Read is a global non-profit organization headquartered in San Francisco, California. The organization focuses on working in collaboration with local communities, partner organizations and governments to improve literacy and gender equalit ...

. She is a member of the

World Economic Forum The World Economic Forum (WEF) is an international non-governmental and lobbying organisation based in Cologny, canton of Geneva, Switzerland. It was founded on 24 January 1971 by German engineer and economist Klaus Schwab. The foundation, ...

's Global Agenda Council on Global Economic Imbalances, and the

Bretton Woods Committee The Bretton Woods Committee is an American organization created in 1983 as a result of the agreement between U.S. Secretary of the Treasury, Henry Fowler, and U.S. Deputy Secretary of the Treasury, Charls Walker – at the time a Democrat and a R ...

Journalism and public speaking

Moyo is a public speaker, commentator, and columnist. She has written for international financial and economic journals, periodicals, and publications, including ''The Wall Street Journal'', ''Financial Times'', ''The New York Times'', and ''Time''. She has lectured at financial and economic summits, forums, and conferences, including the annual World Economic Forum conference in

Davos , neighboring_municipalities= Arosa, Bergün/Bravuogn, Klosters-Serneus, Langwies, S-chanf, Susch , twintowns = } Davos (, ; or ; rm, ; archaic it, Tavate) is an Alpine resort town and a municipality in the Prättigau/Davos R ...

,Dambisa Moyo
. UN Leaders Programme.

United Nations The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be ...

. May 2009. Accessed 11 July 2015. the

Council on Foreign Relations The Council on Foreign Relations (CFR) is an American think tank A think tank, or policy institute, is a research institute that performs research and advocacy concerning topics such as social policy, political strategy, economics, mi ...

, the American Enterprise Institute, the annual

Bilderberg Conference The Bilderberg meeting (also known as the Bilderberg Group) is an annual off-the-record conference established in 1954 to foster dialogue between Europe and North America. The group's agenda, originally to prevent another world war, is now defin ...

, the

Peterson Institute for International Economics The Peterson Institute for International Economics (PIIE), known until 2006 as the Institute for International Economics (IIE), is an American think tank based in Washington, D.C. It was founded by C. Fred Bergsten in 1981 and has been led by ...

, the

Organisation for Economic Co-operation and Development The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organization, intergovernmental organisation with 38 member countries ...

(OECD), the

Aspen Institute The Aspen Institute is an international nonprofit organization founded in 1949 as the Aspen Institute for Humanistic Studies. The institute's stated aim is the realization of "a free, just, and equitable society" through seminars, policy programs ...

, and the

Ambrosetti Forum The Ambrosetti Forum organized by The European House – Ambrosetti, a consulting firm – is an annual international economic conference held at Villa d'Este, in the Italian Italian(s) may refer to: * Anything of, from, or related to the people ...

. She also speaks at venues including TEDTalks and

BBC #REDIRECT BBC #REDIRECT BBC #REDIRECT BBC Here i going to introduce about the best teacher of my life b BALAJI sir. He is the precious gift that I got befor 2yrs . How has helped and thought all the concept and made my success in the 10th board ex ...

s '' HARDtalk'',Dambisa Moyo
. ''Speakers.com''. Retrieved 4 June 2015.Speaker Brief for Dr. Dambisa Moyo
. ''DambisaMoyo.com''. Retrieved 3 June 2015. and is a commentator on business-news television networks. It was announced on 14 October 2022, that as part of the

2022 Special Honours As part of the British honours system, Special Honours are issued at the Monarch's pleasure at any given time. The Special Honours refer to the awards made within royal prerogative, operational honours, political honours and other honours awarded ...

, Moyo would receive a life peerage. On 8 November 2022, she was created Baroness Moyo, ''of Knightsbridge in the City of Westminster''.

Awards and honors

Young Global Leader (2009)Young Global Leader Honorees 2009
.

. Retrieved 19 May 2015. * ''Time'' 100 (2009)Wolfowitz, Paul
"The 2009 Time 100: Dambisa Moyo"
. ''

Time Time is the continued sequence of existence and events that occurs in an apparently irreversible succession from the past, through the present, into the future. It is a component quantity of various measurements used to sequence events, to ...

''. 30 April 2009. Accessed 11 July 2015.The 2009 Time 100 – Full List
. ''

''. 2009. Accessed 11 July 2015. *

Oprah Winfrey Oprah Gail Winfrey (; born Orpah Gail Winfrey; January 29, 1954), or simply Oprah, is an American talk show host, television producer, actress, author, and philanthropist. She is best known for her talk show, ''The Oprah Winfrey Show'', br ...

's '' O'' First-Ever Power List (2009)"The Power of Going Against the Grain: Dambisa Moyo, Economist and provocateur"
. In: ''O''s First-Ever Power List. '' O, The Oprah Magazine''. September 2009. Accessed 11 July 2015. * Hayek Lifetime Achievement Award (2013) * '' GQ'' and ''Editorial Intelligence''s The 100 Most Connected Women (2014) * ''

Handelsblatt The ''Handelsblatt'' (literally "commerce paper" in English) is a German-language business newspaper published in Düsseldorf Düsseldorf ( , , ; often in English sources; Low Franconian and Ripuarian: ''Düsseldörp'' ; archaic nl, Du ...

''s 25 Great Thinkers (2015) *''

Evening Standard The ''Evening Standard'', formerly ''The Standard'' (1827–1904), also known as the ''London Evening Standard'', is a local free daily newspaper in London, England, published Monday to Friday in tabloid format. In October 2009, after be ...

'': London's Most Influential People (2015), (2016), (2017)

Books

''Dead Aid''

Moyo's first book, ''Dead Aid: Why Aid Is Not Working and How There is Another Way for Africa'' (2009), became a ''New York Times'' bestseller.Best Sellers – Hardcover Nonfiction
. ''

The New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

''. 12 April 2009. It argues that government-to-government

foreign aid In international relations, aid (also known as international aid, overseas aid, foreign aid, economic aid or foreign assistance) is – from the perspective of governments – a voluntary transfer of resources from one country to another. Ai ...

has harmed Africa and should be phased out. In the book she states that in the past 50 years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa, and questions whether anything has changed. The book suggests that

official development assistance Official development assistance (ODA) is a category used by the Development Assistance Committee (DAC) of the OECD, Organisation for Economic Co-operation and Development (OECD) to measure aid, foreign aid. The DAC first adopted the concept in ...

(ODA), as opposed to humanitarian aid, perpetuates the cycle of poverty and hinders economic growth in Africa.Gueye, Lika
"The Secrets of Their Success: Damibsa Moyo, Economist and author"
. ''

Finance & Development ''Finance & Development'' is a quarterly journal published by the International Monetary Fund (the IMF). The journal publishes analysis on issues related to the financial system, monetary policy, economic development, poverty reduction, and oth ...

''.

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...

. June 2013. pp. 25–26.Wallis, William
"Lunch with the FT: Dambisa Moyo"
. ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

''. 30 January 2009. It offers developing countries proposals for financial development instead of relying on foreign government-to-government aid. The ''

'' summarized the book's argument, stating "Limitless development assistance to African governments, oyoargues, has fostered dependency, encouraged corruption and ultimately perpetuated poor governance and poverty."Wallis, William
"Foreign aid critic spreads theory far and fast"
. ''

''. 23 May 2009.

''How the West Was Lost''

Moyo's second book, ''How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead'' (2011), became a ''New York Times'' bestseller, debuting at No. 6.''The New York Times Book Review'': Print Hardcover Best Sellers
''

''. 6 March 2011. In a review in ''

The Observer ''The Observer'' is a British newspaper published on Sundays. It is a sister paper to ''The Guardian'' and ''The Guardian Weekly'', whose parent company Guardian Media Group Limited acquired it in 1993. First published in 1791, it is the w ...

'', Paul Collier wrote that "her diagnosis of the recent disasters in financial markets is succinct and sophisticated". ''

The Guardian ''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Gu ...

'' stated, "''How the West Was Lost'' is more interesting, wider in scale and more important than ''Dead Aid''." In contrast, Alan Beattie of the ''Financial Times'' wrote, "The challenges it identifies are for the most part real, if not original. But the huge flaws of the emerging economies are ignored." ''

The Economist ''The Economist'' is a British weekly newspaper printed in demitab format and published digitally. It focuses on current affairs, international business, politics, technology, and culture. Based in London, the newspaper is owned by The Econo ...

'' said "these arguments need much better supporting material than the book provides".

''Winner Take All''

Moyo's third book, ''Winner Take All: China's Race for Resources and What It Means for the World'' (2012), examines global

commodity In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a comm ...

dynamics over the next several decades, specifically China's massive global rush for

natural resource Natural resources are resources that are drawn from nature and used with few modifications. This includes the sources of valued characteristics such as commercial and industrial use, aesthetic value, scientific interest and cultural value. O ...

s including hard commodities (metals and minerals) and soft commodities (timber and food). It predicts the financial and geopolitical implications of a world of diminishing resources, and argues that China is already well on the way to gaining the upper hand in world economic dominance.Dambisa Moyo
''Speakers Associates''. Retrieved 3 June 2015. ''Winner Take All'' became a ''New York Times'' bestseller.
. ''

''. 24 June 2012. A review in the ''Financial Times'' stated that "If Dambisa Moyo is right, the demands of the world's most populous state are bad news for the rest of us. ... One cannot accuse Moyo of failing to do her homework." ''

The Telegraph ''The Telegraph'', ''Daily Telegraph'', ''Sunday Telegraph'' and other variant names are popular names for newspapers. Newspapers with these titles include: Australia * ''The Telegraph'' (Adelaide), a newspaper in Adelaide, South Australia, publ ...

'' commented "Moyo thinks hina's impact on the global commodity marketwill go on and on, powered by an unstoppable Chinese economy. Perhaps she is right, but the grounds for doubting whether the future will be a straight line from the past deserve a hearing."Blair, David
"''Winner Take All'' by Dambisa Moyo: review"
. ''

''. 19 Jun 2012.

''How Boards Work: And How They Can Work Better in a Chaotic World''

Moyo's fifth book, ''How Boards Work: And How They Can Work Better in a Chaotic World'' was released in 2021. It provides an insider's perspective of corporate boards, reassesses the three-part board mandate, and calls for more transparent, knowledgeable, and diverse boards to steer companies through 21st-century challenges. The ''Financial Times'' stated that the book would be "highly instructive for aspiring non-executives" and provided "thoughtful analysis and reform proposals against which boardroom sophisticates can usefully test their assumptions".

Personal life

In December 2020 Moyo married billionaire Jared Smith, co-founder of Utah-based cloud computing company Qualtrics.

Bibliography

*''Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa'' (2009) *''How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead'' (2011) *''Winner Take All: China's Race for Resources and What It Means for the World'' (2012) *''

Edge of Chaos The edge of chaos is a transition space between order and disorder that is hypothesized to exist within a wide variety of systems. This transition zone is a region of bounded instability that engenders a constant dynamic interplay between order ...

: Why Democracy Is Failing to Deliver Economic Growthand How to Fix It'' (2018) *''How Boards Work: And How They Can Work Better in a Chaotic World'' (2021)

References

External links

* * * * {{DEFAULTSORT:Moyo, Dambisa 1969 births Living people Zambian women economists Zambian economists Harvard Kennedy School alumni Alumni of St Antony's College, Oxford American University alumni Goldman Sachs people World Bank people Zambian expatriates in the United Kingdom Zambian women writers Kogod School of Business alumni Barclays people 20th-century Zambian writers 21st-century Zambian writers 20th-century Zambian women writers 21st-century Zambian women writers People from Lusaka Life peers created by Charles III Life peeresses created by Charles III Conservative Party (UK) life peers Black British politicians Black British women politicians