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

by Dambisa Moyo

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This book combines a little hard economic reasoning (including a couple formulas) with broad political/economic speculation; on both fronts it is hard for me to evaluate this book. I think the most practical takeaway for me was the distinction between economically productive education (science, engineering) and fluff education. I wish I had more of the former. There seems to be a parallel economically productive spending and fluff spending. What ever happens, USA's status in the world will change. It only remains to be seen by how much and how badly. Though it is not inevitable that it will be catastrophically bad. ( )
  Darrol | Jul 5, 2011 |
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Amazon.com Product Description (ISBN 0374173257, Hardcover)

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. She examines how the West’s flawed financial decisions have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world, especially China.

Amid the hype of China’s rise, however, the most important story of our generation is being pushed aside: America is not just in economic decline, but on course to become the biggest welfare state in the history of the West. The real danger is a thome, Moyo claims. While some countries – such as Germany and Sweden – have deliberately engineered and financed welfare states, the United States risks turning itself into a bloated welfare state not because of ideology or a larger vision of economic justice, but out of economic desperation and short-sighted policymaking. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again.

(retrieved from Amazon Mon, 30 Sep 2013 13:20:25 -0400)

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"In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the economic supremacy of the West. She examines how the West's flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world. As Western economies hover on the brink of recession, emerging economies post double-digit growth rates. And whereas in the past, emerging economies lived and died by America's economic performance, now they look to other emerging countries to buy their goods and fuel their success. Formerly a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs, Moyo daringly claims that the West can no longer afford to simply regard the up-and-comers as menacing gate-crashers. How the West Was Lost reveals not only the economic myopia of the West but also the radical solutions that it needs to adopt in order to assert itself as a global economic power once again"--"One of TIME magazine's 100 most influential people of 2009 asks: Can the decline of the West be reversed?"--… (more)

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