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.
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Maybe the author intentionally used the two as examples to illustrate her point, but she does not explicitly say so.
While it points to actions that Western Governments can take, it doesn’t really point to anything that individuals can do to protect themselves. He went on for quite a long time, as he demonstrated the company’s range, depth, and brilliance.
China needs to learn from our mistakes–debt vs. The monopoly in terms of innovation and creativity is no longer a West phenomenon. How the West Was Lost: Ships from and sold by Amazon. Well presented prescient, dense and detailed analysis of our current, albeit progressing, situation.
More recently China’s labour costs eambisa been rising and this alone means that Ms Moyo may need to update her arguments. Share your thoughts with other customers.
In the face of these daunting challenges, she sees public policy in the west hamstrung by an obsession with individual rights and aas reluctance to face reality. Moyo’s description of the West’s mis-allocation of labor and capital were awesome and eye-opening.
How the West Was Lost by Dambisa Moyo – review
Aug 03, Jonathan Lu rated it really liked it. There was a problem filtering reviews right now. Dambisa Moyo, author of the bestselling Dead Aid, is having none of this.
Ultimately, I was disappointed to find her recommendations all centred on maintaining the status quo of winners and losers in global economics and finance. Wrst 08, Nyawira Muraguri rated it liked it. The West traditional way of thinking and its philosophy must be examined carefully and injection of Asian ones is a must.
China reflects the U.
The world is for all its peoples to participate in exploring and finding the best system and most suitable disciplines in modern time. In any event, the West must act quickly an overhaul in dealing with its political, economical and social problems before it is too late. The title of the book is so far removed from its content because it concentrates on some of the real economic policies blunders of successive US administrations but to add examples from Uk once in a while does not constitute what is known as “The West”.
The market for capital has failed in its core task of finding investment opportunities that offer good returns at acceptable risk. I will let these pass. I am not a tough grader of books because producing a sensible piece of work is very yow difficult but found that the author here could have done better with her categories. I quite enjoyed this book, the discussion on the misallocation of labour, capital, and technology was very informative.
She describes the asymetric risk that allows equity holders to gain a lot if the company is heavily indebted and things go well while losses are borne by banks and ultimately the public when things go tye. Sure, the West is on a general slight decline in relation to “the rest”, damgisa do we all need to pretend like we saw it coming, and that if only we’d played our cards different it could have been avoided?
This has not been the case and many jobs and trade secrets have been stolen. 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.
How the West Was Lost | Dambisa Moyo
I want to like it but I just don’t. The quantity question is in the numbers.
This is rhe very scary book about the future that faces the West if we don’t get our act together. In real economy, which” Lin” can contribute more to the society? It was easy to relate the challenges adressed in the book to the current state of the global economy and it gave that “it makes sense” feeling to the reader. Moyo’s tone comes across as demeaning and anti-American at times. Some of the solutions offered are “over the top”, but may yet be required to avert disaster.
Jun 01, Jeremiah rated it really liked it. She reminds us of our savvy and resilience, which is needed now more than ever to pull us out of this nose dive Her proposed solution for the US is as radical as is her diagnosis: