Publisher Description
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 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. 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 America’s 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.
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“I really enjoyed this book but mainly because it backed up my own opinions of the disastrous economic direction we have going in the West for much of my life. I enjoyed the economic statistics that were supplied and was most impressed by her conclusions as to the choices left to us to avoid bankruptcy (or embrace it as the case may be). On the con side I thought she got onto very shaky ground when she ventured outside of the economic narrative. Citing Wikipedia as one of her historical sources would not improve her credibility! I was pleased to see that her economic references were more scholarly. Preaching to the converted in my case but a reassuring read nonetheless.”
—
Kerry (4 out of 5 stars)
