Dambisa Moyo, Baroness Moyo facts for kids
Quick facts for kids
The Baroness Moyo
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Moyo in 2024
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| Born |
Dambisa Felicia Moyo
2 February 1969 Lusaka, Zambia
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| Alma mater | American University (BS, MBA) Harvard University (MPA) St Antony's College, Oxford (DPhil) |
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| Known for | Economic theories on macroeconomics, global affairs, international development |
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Notable work
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Dead Aid (2009) How the West Was Lost (2011) Winner Take All (2012) Edge of Chaos (2018) How Boards Work (2021) |
| Political party | Non-affiliated |
| Spouse(s) | Jared Smith |
| Member of the House of Lords Lord Temporal |
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| Assumed office 8 November 2022 Life peerage |
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Dambisa Felicia Moyo, Baroness Moyo (born 2 February 1969) is an economist and author from Zambia. She is well-known for her ideas about big economic issues around the world. She has written five books, and four of them became New York Times bestsellers. These books include Dead Aid (2009), How the West Was Lost (2011), Winner Take All (2012), Edge of Chaos (2018), and How Boards Work (2021).
Early Life and Education
Dambisa Moyo was born in 1969 in Lusaka, Zambia. She lived in the United States for a while when she was a child. This was because her father was studying there. Later, she moved back to Zambia.
She first studied chemistry at the University of Zambia. Then, she received a scholarship to attend American University in Washington, D.C.. She earned her science degree in chemistry there in 1991. In 1993, she also got a business degree (MBA) in finance from the same university.
Later, she continued her studies at Harvard University in 1997. She earned a Master of Public Administration (MPA) degree. In 2002, she received her PhD in economics from St Antony's College, which is part of Oxford University.
Career Highlights
Working at the World Bank and Goldman Sachs
After getting her MBA, Moyo worked at the World Bank from 1993 to 1995. The World Bank is an organization that helps countries develop. She was a consultant, giving advice to different departments. She also helped write the World Bank's important annual report in 1994.
After finishing her higher degrees, Moyo joined Goldman Sachs in 2001. Goldman Sachs is a big global investment bank. She worked there as an economist and strategist until 2008. She helped advise developing countries on how to get money by selling bonds. She also led the economic research for countries in Africa south of the Sahara.
Serving on Company Boards
After leaving Goldman Sachs, Moyo started joining the boards of directors for large companies. A board of directors is a group of people who help guide a company. In 2009, she joined the board of the international brewing company SABMiller.
She has also been a board member for other big companies. These include Barclays Bank, the mining company Barrick Gold, and the data storage company Seagate Technology. As of 2022, she is on the boards of Chevron Corporation, 3M Company, and Condé Nast.
Moyo has also been a board member for charities. These include Lundin for Africa and Room to Read, which helps with literacy. She is also part of important global groups like the World Economic Forum and The Trilateral Commission.
Writing and Public Speaking
Dambisa Moyo is a popular public speaker and writer. She writes articles for major financial newspapers and magazines. Some of these include The Wall Street Journal, Financial Times, The New York Times, and Time.
She gives talks at important economic meetings and conferences around the world. These include the annual World Economic Forum in Davos and the Bilderberg Conference. She also speaks at places like TEDTalks and appears on TV news shows to share her economic ideas.
Awards and Special Recognition
On 8 November 2022, Dambisa Moyo was given a special title. She became Baroness Moyo, of Knightsbridge. This is a life peerage, meaning she gets the title for her whole life. This also made her a member of the House of Lords in the UK.
In 2022, she was also chosen to be part of the American Academy of Arts & Sciences. In 2023, she became an Honorary Fellow at Queens' College, Cambridge.
Some of her other recognitions include:
- World Economic Forum Young Global Leader (2009)
- Named one of the Time 100 most influential people (2009)
- Included in Oprah Winfrey's First-Ever Power List (2009)
- Received the Hayek Lifetime Achievement Award (2013)
- Listed among The 100 Most Connected Women by GQ (2014)
- Named one of Handelsblatt's 25 Great Thinkers (2015)
- Recognized as one of London's Most Influential People by the Evening Standard (2015, 2016, 2017)
Her 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. In this book, she argues that government-to-government foreign aid has actually hurt Africa. She believes this type of aid should be stopped.
She points out that over $1 trillion in aid has gone to Africa in the past 50 years. She questions if this aid has truly helped. Moyo suggests that this kind of aid can make countries dependent. It can also encourage corruption and keep poverty going. Instead, she offers ideas for how developing countries can grow financially without relying on foreign government aid.
How the West Was Lost
Her second book, How the West Was Lost: Fifty Years of Economic Folly – And the Stark Choices that Lie Ahead (2011), also became a New York Times bestseller. It quickly reached No. 6 on the list.
In this book, Moyo looks at economic mistakes made by Western countries over the past 50 years. She discusses the big choices these countries face for their future. The book talks about recent problems in financial markets.
Winner Take All
Moyo's third book, Winner Take All: China's Race for Resources and What It Means for the World (2012), explores global resources. It focuses on China's huge search for natural resources around the world. These resources include metals, minerals, wood, and food.
The book predicts what might happen financially and politically as resources become scarcer. Moyo argues that China is already becoming very strong in the world economy. Winner Take All also became a New York Times bestseller.
Edge of Chaos
In her book Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth – and How to Fix It, Moyo makes a strong point. She says that when countries don't have steady economic growth, it leads to political problems. She believes that improving how well workers produce things is key to economic growth.
The book also talks about the need to improve how democratic capitalism works. Moyo offers possible solutions. She even outlines a 10-point "Blueprint for a New Democracy." This plan is designed to help capitalism grow.
How Boards Work
Moyo's fifth book, How Boards Work: And How They Can Work Better in a Chaotic World, came out in 2021. This book gives an inside look at how corporate boards operate. It explains what these boards are supposed to do.
She suggests that boards need to be more open, knowledgeable, and diverse. This would help them guide companies better through today's challenging world. The book is helpful for anyone interested in how big companies are managed.
Personal Life
In December 2020, Dambisa Moyo married Jared Smith. He is a very successful businessman. He co-founded a cloud computing company called Qualtrics, which is based in Utah.
Images for kids
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Moyo in 2024
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Moyo in 2019.
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See also
In Spanish: Dambisa Moyo para niños
