Jan 20, How the West Was Lost: Fifty Years of Economic Folly—and the Stark Choices Ahead. By Dambisa Moyo. Farrar, Straus and Giroux; pages. Amid the hype of China’s rise to global power, the most important story of our generation is being pushed aside: how the West’s rapidly growing population of the. In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the Westâ€™s economic supremacy.
|Country:||Moldova, Republic of|
|Published (Last):||6 July 2012|
|PDF File Size:||2.93 Mb|
|ePub File Size:||8.33 Mb|
|Price:||Free* [*Free Regsitration Required]|
Without manufacturing the West economy becomes an empty shell.
Moyo did not come through for me in that. What does all this look like if you overlay the equally challenging environmental and socio-political challenges in our world?
How the West Was Lost by Dambisa Moyo – review | Books | The Guardian
Moyo lays blame on the equity culture in America, specifically the high amounts of leverage used by equity hol This is an important book, but not a good book. Opening quote is a great one: Aug 03, Jonathan Lu rated it really liked it. Jul 20, Ross rated it liked it. I am no economist, so I was really enlightened by the numbers showing the economic state and history of the two nations.
Among Moyo’s 4 possible outcomes, surprisingly the only one in which there is a light at the end of the tunnel for the US – impact will be drastic for the globe is an American default on debt in order to hit the wes button. The author, an economist educated at Oxford, details in facts and figures the past events, wrst government policies, and trends that spell the bankruptcy of the West and the “rise of the rest.
Moyo’s tone comes across as demeaning and anti-American at times. English Choose a language for shopping. First, although her discussion of how and why over-investment in real estate specifically homes dambiss created a dambiisa of ever-rising prices that regularly creates disastrous bubbles in the economy is very clear and persuasive, it still bothers me to hear her speak of homes, wesr, and healthcare as terrible ideas.
Feb 19, Tiaan Goussard rated it really liked it. Customers who viewed this item also viewed. Unless the West adopts radical solutions and adopts them quickly, it will be too late.
How the West Was Lost | Dambisa Moyo
These occupations have the highest pay, but do not create the businesses to sustain or grow employment in America. She makes the point that the northern European states are functioning as better managed than the badly managed welfare states of the U. However, Olst think the recommendations ma Very enlightening book.
Dambisa Moyo has a clear view of what is happening in the world’s world of economics. Moyo continues with an astute breakdown of the challenges facing the US in the future: Reading this book was a little like having a dinner party and listening to a know-it-all who can tell you a million reasons why the world is going to shit in a hand basket and, worse, a million different remedies.
However, I think the recommendations made for economic recovery might have been better adressed in a separate book to give them the level of importance that they deserve.
Follow the Author
This left me wondering how other more social democratic countries were faring. Economics is probably one of the more boring subjects for the average person; Moyo’s work makes it interesting and relevant. Our wsst of government and view of private enterprise is working against us from many perspectives including making decisive, and clear policies that benefit the country as a whole. Moyo points out how engineers built the great American companies of ,oyo, but today few American youth seek engineering degrees.
Although her figures and explanations are well defined, my lack of economic uow had me somewhat overwhelmed by the excess.
Moyo lays blame on the equity culture in America, specifically the high amounts of leverage used by equity holders.
How the West Was Lost by Dambisa Moyo – review
Unemployment, debt, housing bubble, bubbles in general, credit cards, free trade, oil resources, global warming, population expansion, currency manipulation, welfare system, democracy, etc, etc Page 1 of 1 Start over Page 1 of 1.
Amazon Renewed Refurbished products with a warranty. Feb 26, Rowland rated it liked it. Apr 20, Nigel rated it it was ok. For the past thirty years outsourcing is the key word for the West.
Global catastrophe, drop of greenback value overnight, and loss of nearly all savings by foreign investors especially chinaso the US can go into isolation mode for a while and eventually break out of this funk with a dramatic overhaul of bad policies to shift culture to one of more savings, frugality, and long term strategy vs short term rewards.
Add all three to Sest Add all three to List. Many of those remedies are so drastic that a few of the guests lowt on their steak when they are mentioned.
A little by little the West is losing supremacy position on international stage. Overall, the book has a journalistic approach with many bibliographic references, and will appeal to readers interested in world economics without needing to have the know-how, as the author explains everything quite clearly in layman’s terms. The author attemps to explain these and other concepts in language that a layman can comprehend.