Dambisa Moyo

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 Zambian-born economist and author, known for her analysis of macroeconomics 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, 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'', 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, and completed her BS in chemistry in 1991 at American University in Washington, D.C. 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 (MPA) degree at Harvard University's John F. Kennedy School of Government in 1997. In 2002 she received a DPhil in economics from St Antony's College, Oxford University.Dambisa Moyo
. Encyclopædia Britannica. Retrieved 19 May 2015.

Career

World Bank and Goldman Sachs

Following her MBA, Moyo worked at the World Bank from May 1993 to September 1995. She was a consultant 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 as a research economist and strategist in 2001.Elmhirst, Sophie
"The NS Interview: Dambisa Moyo, economist"
. '' New Statesman''. 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''. 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 in 2009. She is also a former board member of Barclays Bank,"Barclays Board change"
. ''Newsroom.Barclays.com''. 22 April 2010. Accessed 11 July 2015. the international mining company Barrick Gold,Board of Directors
. Barrick Gold. ''Barrick.com''. Retrieved 11 July 2015."One-on-one with Dambisa Moyo, Barrick Gold's newest Board member"
. ''Barrick Beyond Borders''. Barrick Gold. 26 August 2011. Accessed 11 July 2015. and the data storage company Seagate Technology.

As of 2022, she is on the boards of Chevron Corporation, 3M Company. and Condé Nast.

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

She is a member of the World Economic Forum's Global Agenda Council on Global Economic Imbalances, and the Bretton Woods Committee.

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,Dambisa Moyo
. UN Leaders Programme. United Nations. May 2009. Accessed 11 July 2015. the Council on Foreign Relations, the American Enterprise Institute, the annual Bilderberg Conference, the Peterson Institute for International Economics, the Organisation for Economic Co-operation and Development (OECD), the Aspen Institute, and the Ambrosetti Forum. She also speaks at venues including TEDTalks and BBCs '' 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, 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

* World Economic Forum Young Global Leader (2009)Young Global Leader Honorees 2009
. World Economic Forum. Retrieved 19 May 2015.
* ''Time'' 100 (2009)Wolfowitz, Paul
"The 2009 Time 100: Dambisa Moyo"
. '' Time''. 30 April 2009. Accessed 11 July 2015.The 2009 Time 100 – Full List
. '' Time''. 2009. Accessed 11 July 2015.
* Oprah Winfrey'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''s 25 Great Thinkers (2015)
*'' Evening Standard'': 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''. 12 April 2009. It argues that government-to-government foreign aid 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 (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''. International Monetary Fund. June 2013. pp. 25–26.Wallis, William
"Lunch with the FT: Dambisa Moyo"
. '' Financial Times''. 30 January 2009. It offers developing countries proposals for financial development instead of relying on foreign government-to-government aid.

The '' Financial Times'' 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"
. '' Financial Times''. 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
'' The New York Times''. 6 March 2011.

In a review in '' The Observer'', Paul Collier wrote that "her diagnosis of the recent disasters in financial markets is succinct and sophisticated". '' The Guardian'' 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'' 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 dynamics over the next several decades, specifically China's massive global rush for natural resources 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.
. '' The New York Times''. 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'' 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"
. '' The Telegraph''. 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: Why Democracy Is Failing to Deliver Economic Growth—and How to Fix It'' (2018)
*''How Boards Work: And How They Can Work Better in a Chaotic World'' (2021)

References

External links

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{{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