Aid isn't always the answer.

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Dambisa Moyo on Why China Can't Afford a Slowdown

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week on our Masters in Business radio podcast, we speak with international economist Dambisa Moyo.

Moyo, named by Time magazine as one of the "100 Most Influential People in the World," says that China's slowdown creates a challenge for the government: If it wants to double per capita income over the course of a generation, it needs to sustain growth of 7 percent. The author of three New York Times bestselling books, including "Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa," Moyo is critical of the way Western aid has led to corruption while failing to improve living standards for most Africans.

You can hear the full podcast on iTunesSoundCloud and on Bloomberg. Earlier podcasts can be found on iTunes and at

Next week, on the fifth anniversary of Dodd-Frank, we discuss regulations with former Securities and Exchange Commission Chairman Arthur Levitt.

This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author on this story:
Barry L Ritholtz at

To contact the editor on this story:
James Greiff at