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


By (author) Dambisa Moyo

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  • Publisher: ALLEN LANE
  • Format: Paperback | 240 pages
  • Dimensions: 153mm x 234mm x 17mm | 320g
  • Publication date: 13 January 2011
  • Publication City/Country: London
  • ISBN 10: 1846142350
  • ISBN 13: 9781846142352
  • Edition statement: Trade Paperback.
  • Sales rank: 141,130

Product description

"How the West was Lost" charts how over the last 50 years the most advanced and advantaged countries of the world have squandered their dominant position through a sustained catalogue of fundamentally flawed economic policies. It is these decisions that, along the way, have resulted in an economic and geo-political see-saw, which is now poised to tip in favour of the emerging world. By forging closer ties with the emerging economies, rethinking trade barriers, overhauling their tax systems to encourage savings rather than ravenous consumption, and specifically addressing the three essential ingredients for growth (capital, labour and technology) it might yet still be possible for the West to firmly get back in the race.

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Author information

Dambisa Moyo is a Global Economist at an Investment Bank in London. She previously worked at the World Bank in Washington DC. A native of Zambia, Southern Africa, Dambisa holds a Doctorate in Economics from Oxford University and a Masters from Harvard University. Dambisa has spoken on issues of Aid, Debt and Poverty in developing countries at conferences including at the World Economic Forum in Davos Switzerland in 2005. Dambisa lives in London. Dead Aid is her first book.

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