How the West Was Lost: Fifty Years of Economic Folly- and the Stark Choices Ahead - Hardcover

Moyo, Dambisa

Hardcover

ISBN 10: 0374173257 ISBN 13: 9780374173258

Publisher: Farrar Straus & Giroux, 2011

Synopsis

In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the West’s economic supremacy. She examines how the West’s 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 China’s 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.

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Review:

Moyo's 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)

We [in the West] have alienated trading partners and are colluding in the decline of our own prosperity, says Moyo, who sets out strategies for weighting the political seesaw back to our advantage. (Iain Finlayson The Times)

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 Moyo's 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)

About the Author:

Born and raised in Zambia, DAMBISA MOYO received a Ph.D. in economics from Oxford University and a master's degree from Harvard University's John F. Kennedy School of Government. A former consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs, she is the author of the New York Times bestseller Dead Aid.

About this edition

• Publisher: Farrar Straus & Giroux
• Publication date: 2011
• ISBN 10: 0374173257
• ISBN 13: 9780374173258
• Binding: Hardcover
• Edition number: 1
• Number of pages: 226