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

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

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By (author) Dambisa Moyo

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  • Publisher: Penguin Books Ltd
  • Format: Paperback | 240 pages
  • Dimensions: 128mm x 196mm x 18mm | 181g
  • Publication date: 26 January 2012
  • Publication City/Country: London
  • ISBN 10: 0141042419
  • ISBN 13: 9780141042411
  • Sales rank: 139,076

Product description

From the author of "Dead Aid", Dambisa Moyo's "How the West was Lost" explores how the 'first world' has its wasted inheritance with flawed economic policy - and what can be done to reverse the decline. We think we know what's coming. But is it already too late? "How the West Was Lost" is a wake-up call for all of us. Dambisa Moyo argues that during the last fifty years the most advanced countries on earth have squandered their advantage through fatally flawed policies: obsessing over property, ravenously consuming and building up debt instead of investing. Here Moyo outlines solutions that could help stem the tide. By rethinking many of the things we take for granted, she shows, it may yet be possible for the West to get back into the race. "An outspoken iconoclast...Moyo shows well how fundamental economic liberalisation espoused by what she calls the profligate, greedy, self-interested West has come back to bite it". ("Guardian"). "Succinct and sophisticated...I applaud her brave alarum against our economic and social complacency". ("Observer"). "A well-reasoned look at how the world's most-advanced nations are squandering their economic lead ...a prescription for stopping the rot". ("Bloomberg"). "Clear and brazen...This argument has rarely have been made more concisely". ("The Times"). "An economist who makes waves". ("Sunday Telegraph"). Dambisa Moyo worked at Goldman Sachs for eight years, having previously worked for the World Bank as a consultant. Moyo completed a PhD in Economics at Oxford University, and holds a Masters from Harvard University Kennedy School of Government. Her other books include "Winner Take All" and "How the West was Lost". She was born and raised in Lusaka, Zambia.

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Author information

Dambisa Moyo is the critically acclaimed author of Dead Aid: Why Aid Is Not Working and How There Is Another Way for Africa, and was chosen as one of Time Magazine's 100 Most Influential People in the World in 2009. She holds a PhD in Economics from Oxford University and a Masters from Harvard University Kennedy School of Government, and has worked at the World Bank and Goldman Sachs. She was born and raised in Lusaka, Zambia.

Review quote

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