Synopses & Reviews
Amid the hype of Chinas rise to global power, the most important story of our generation is being pushed aside: how Americas rapidly growing population of the unskilled, unemployed, and disaffected threatens the nations wealth and stature.
In How the West Was Lost, the New York Times bestselling author and economist Dambisa Moyo sheds light on how a host of shortsighted policy decisions have left the economic seesaw poised to tip away from America and toward the emerging world. Faced with this impending calamity, the United States can choose either to remain open to the international economy or to close itself off, adopting protectionist policies that will give the country time and space to redress these pervasive structural problems.
Incisive and illuminating, How the West Was Lost not only exposes the policy myopia of the West that has led it onto a path of economic decline but also reveals the crucialand radicalpolicy actions that must be taken to stem this tide.
Review
“Moyos diagnosis of the recent disasters in financial markets is succinct and sophisticated...I applaud her brave alarum against our economic and social complacency: her core concerns are sufficiently close to painful truths to warrant our attention.”—Paul Collier,
The Observer “This argument...can rarely have been made more concisely...Moyo is a very serious lady indeed.”—Dominic Lawson,
The Times“The sad saga of the recession gives legs to Dambisa Moyos provocatively-entitled book, for it goes to the heart of the great economic issue of our times: how swiftly will power shift over this century?”— Hamish McRae, The Independent
Synopsis
In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the economic supremacy of the West. She examines how the Wests flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world. As Western economies hover on the brink of recession, emerging economies post double-digit growth rates. And whereas in the past, emerging economies lived and died by Americas economic performance, now they look to other emerging countries to buy their goods and fuel their success.
Formerly a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs, Moyo daringly claims that the West can no longer afford to simply regard the up-and-comers as menacing gate-crashers. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again.
Synopsis
In this work, a "New York Times"-bestselling author examines how the West's flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world.
Synopsis
In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the Wests economic supremacy. She examines how the Wests flawed financial decisions have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world, especially China.
Amid the hype of Chinas rise, however, the most important story of our generation is being pushed aside: America is not just in economic decline, but on course to become the biggest welfare state in the history of the West. The real danger is a thome, Moyo claims. While some countries - such as Germany and Sweden - have deliberately engineered and financed welfare states, the United States risks turning itself into a bloated welfare state not because of ideology or a larger vision of economic justice, but out of economic desperation and short-sighted policymaking. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again.
About the Author
Dambisa Moyo is the author of Dead Aid. Born and raised in Lusaka, Zambia, Moyo completed a Ph.D. in economics at Oxford University and holds a masters from Harvard Universitys John F. Kennedy School of Government. She worked for the World Bank as a consultant, and also worked at Goldman Sachs for eight years. In 2009, Time magazine named her one of the “100 most influential people in the world.” Her writing frequently appears in publications including the Financial Times, The Economist, and The Wall Street Journal.