DAMBISA MOYO

Dambisa Moyo (1969, Zambia) is an Oxford and Havard-trained economist who has

highlighted how well-intentioned policies, such as foreign aid to Africa, often trigger

unintended consequences. She has been named by TIME magazine as one of the "100

most influential people in the world". Dr. Moyo has earned her international reputation

as a leader in the political and macroeconomic landscape in developing countries,

particularly the BRIC and frontier economies of Africa, Asia and South America.

Dambisa Moyo currently serves on the boards of Barclays Bank, Seagate Technology,

Chevron and Barrick Gold. In 2013, Ms. Moyo was awarded the Hayek Lifetime

Achievement Award. In 2015, she served on the Financial Times jury for the McKinsey

Award for Best Business Book.

“This government has many tools at their disposal to stimulate the economy”, this is what

Dambisa Moyo said in a debate. She said in this one that it's short-sighted to focus only

on what's happening in the markets. This is really a story about what is happening

structurally to the Chinese and global economy. If you look at capital, labor, and

productivity - the three big drivers of economic growth - all show significant weakness in

both developed and developed economies. Commodity-exporting countries, and

emerging markets, are facing rising borrowing costs and a significant deterioration in their

creditworthiness. Significant deterioration in their creditworthiness.

In response to the question she was asked, "Do you see the basis for a financial crisis in

China? She replied that she was optimistic. She had the opportunity to spend an hour

with President Xi Jinping a year ago. This government has many tools at its disposal to

stimulate the economy. For example, they have a lot of room to cut interest rates,

encourage bank lending, and increase public investment. In short, they have a lot of

leeway to address the weakness that we are seeing now.

When you combine your economic analysis with your instincts about the current state of

the world economy, where are we headed? The means for a lasting improvement in the

prospects of the world economy lie in the political realm, not in the economic realm. Take,

for example, the lack of infrastructure spending. Economists pull their hair out because,

to us, it seems so obvious that one would want to invest in infrastructure at a time of

historically low borrowing costs. Short-sightedness in democratic countries is leading to a

situation where policy makers are making decisions policy decisions that are

fundamentally detrimental to the health of their economies and the global economy. And

while I believe in the potential of human ingenuity and creativity to overcome the

challenges we face; I believe in the potential of human ingenuity and creativity to

overcome the challenges we face. I want to emphasize that the world is undergoing a

fundamental shift into a new era in which the pace of economic growth will be slower.

Our expectations about where growth will come from and how it will be distributed

around the world have changed dramatically. Around the world has changed from

everything we have come to assume over the course of the past few decades. This was said

by Dambisa Moyo.

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