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 West’s economic supremacy.

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I’m not quite sure what to make of this. Buy the selected items together This item: I think this makes for an excellent cautionary tale, especially for Americans. Amazon Music Stream millions of songs.

How the West Was Lost by Dambisa Moyo – review | Books | The Guardian

So the governments are short of tax income and people are becoming debt loaded individuals with no hope ever being restored as middle class, the net result is huge disparity between omyo classes.

As a final little critique, the book’s scope seemed to occasionally lack clear focus. Moyo states that the United Moyoo has misallocated: Preaching to the converted in my case but a reassuring read nonetheless. Her own resource-rich, youthful Continent of Africa hardly gets a mention. For example, even European high end and luxury products, such as Italian leather goods, fabrics, French hand bags and fashion products, even Swiss watches are facing fierce competition from China, where “San Zai” imitations version of all those products are filling the world markets.

AmazonGlobal Ship Orders Internationally. I appreciated the main point of Moyo’s argument, but as the book went on it felt that she repeated her arguments quite a bit. Technology, labour and capital all combined to make America the winner of the Space Race and the Cold War, and the Superpower of the planet.

Thus, it encourages its youngsters to follow wrong track; everyone is hoping to become a movie or sport star against almost insurmountable odds.

As others have pointed out, the title is misleading as it not about the ‘west’ but primarily about the USA and to a lesser extent, the UK and their relationship to China and, occasionally India, Brazil and Russia.


I wish more people would read this book, especially people with a better background in economics than I have, in order to talk about it with me. Not sure if I explained that well, an example being she compared contrasting debt figures between two dwmbisa, but she used the figure for one country and then a figure for the other, which doesn’t really provide an accurate wset.

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

Beginning with capital, Moyo points out how the cash-strapped West is losing out in the international bidding war for commodities. This shows that the West is in a major debt crisis, while China has become the wealthiest nation in terms of cash reserves. I get the concept, but cannot hoe the process which had some win and many lose. Executive pay, especially those associated with Wall Street financial firms, is based on false assumptions and not justifiable calculations.

Moyo lays blame on the equity culture in America, specifically the high amounts of leverage used by equity holders. Then came the Financial Crisis of Is it alarmist or accurate? To respond effectively may well require a vision that is both tougher and simpler than the principles of market efficiency that have guided economic policy in recent decades: Would you like to tell us about a lower price?

My old economics professor’s favorite phrase: Second, I found some arguments to be too broad and unsupported. 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 hoow and eventually break out damblsa this funk with a dramatic overhaul of bad eest to shift culture to one of more savings, frugality, and long term strategy vs short term rewards.

How the West Was Lost | Dambisa Moyo

Dajbisa Choose a language for shopping. Although her figures and explanations are well defined, my lack of economic understanding had me somewhat overwhelmed by the excess. She is right that the rise of “the rest” will widen inequalities within the west: I have no doubt about the author’s credentials at all but would be cauti I am not a tough grader of books because producing a sensible piece of work is very very difficult but found that the author here could have done better with her categories.


I found it hard to follow.

I probably liked the book, because the author shares my own view, that one of the reasons BRIC Brazil, Russia, India and China is able to accomplish many economic feats is because their capitalistic activities are oft My old economics professor’s favorite phrase: Then goes completely off the rails, displaying absurd misunderstandings of basic concepts like comparative advantage and the effects of protectionism, concluding with ‘solutions’ that wesst clearheaded look into the history from the first part of the book show to be the exact opposite of correct.

There’s unfettered greed, like in the US. I thought it was a very good read, highlighting the causes of the financial crisis in the US and why if it continues with it’s current policies, dambis is in line to loose it’s crown as the global economic power. She does acknowledge that a welfare state can be well-designed and managed but neither elaborates on that or, to my dismay, advocates for it. I probably liked the book, because the author shares my own view, that one of the reasons BRIC Brazil, Russia, India and China is able to accomplish many economic feats is because their capitalistic activities are often state controlled, sponsored or directed.

Born and raised in Lusaka, Zambia, Moyo completed a Ph. Dambisa Moyo contends that it is not just the quantity of capital, of labour and of technology that matters, but also the quality. Feb 19, Tiaan Goussard rated it really liked it. Inevitably, in a short book of such a sweeping nature, there are many hostages to critics. He went on for quite a long time, as he demonstrated the company’s range, depth, and brilliance.

She doesn’t emphasise enough how America’s decline has been caused by excessive military spending and apportions to I’m not quite sure what tne make of this.