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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Instead of allowing the market to decide how to behave unfettered by regulation and government direction, these countries accept governments with larger roles in dambisq the economy. She makes the point that the northern European states are functioning as better managed than the badly managed welfare states of the U.
How the West Was Lost by Dambisa Moyo – review
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.
There’s quasi-socialism, where the state takes care of infrastructure, like Europe.
I have long been a fan of Dambisa Moyo from her talks and short things I have read, but this was the first book that I sat down to read. To respond effectively may well wax a vision that is both tougher and simpler than the principles of market efficiency that have guided economic policy in recent decades: More recently China’s labour costs have been rising and this alone means that Ms Moyo may need to update her arguments.
As a final little critique, the book’s scope seemed to occasionally lack clear focus. That can be an advantage dambisaa disadvantage. Get to Know Us.
How the West Was Lost | Dambisa Moyo
Given several years of this shortsighted act of printing money, America will face an irreversible bankruptcy. On the con side I thought she got onto very shaky ground when she ventured outside of the economic narrative. Not sure if I explained that well, an example being she compared contrasting debt figures between two countries, but she used the figure for one country and then a figure for the other, which doesn’t really provide an accurate analysis.
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How the West Was Lost: Fifty Years of Economic Folly–and the Stark Choices Ahead by Dambisa Moyo
However, I think the recommendations made for economic recovery might have dabmisa better adressed in a separate book to give them the level of importance that they deserve.
The two main issues I had with the book were firstly; Moyo has a tendency to compare figures on a topic regarding two different countries but the figures are from different years. Although I disagree with some of Moyo’s “fixes,” I appreciate her explanations of the problems and how the developed.
In addtion, it explains the general differences between the econo-political systems in China, USA, Russia, Europe and the rest of the world. May 08, Nyawira Muraguri rated it liked it.
Also due to the aas, many jobs are replaced by robots and automatic process, one of the major elements that caused the disappearance of middle class.
Among parents she sees folly as they collude in their children’s fantasies of becoming sporting or entertainment celebrities rather than getting down to the hard grind of learning how to be productive: Read more Read less.
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Opening quote is a great one: Dambisa Moyo is the author of Dead Aid. As we mentioned before, the intercontinental companies are making enormous profit by outsourcing and meanwhile the middle class in the so called advanced nations is diminishing. Dambisa Moyo has a clear view of what is happening in the world’s world of economics. To see what your friends thought of this book, please sign up.
In this way, China is investing in resources in Africa, and other places, in order to secure its 50 – year security.
Our form of government and view of private enterprise is working against us from many perspectives including making decisive, and clear policies that benefit the country as a whole.
Finally, I find that the book is a very good polemical work but ignores countries that have managed economies very well.
Also, I can draw parallels to some of the things my country is currently doing. Dec 30, Sophie added moyl Shelves: East Dane Designer Men’s Fashion. Loading comments… Trouble loading?
To ask other readers questions about How the West Was Lostplease sign up. As a result, fewer and fewer young graduates are willing to work in a factory or any other jobs in real economy.
How the West Was Lost is a dyspeptic account of what this might imply. I was pleased to see that her economic references were more scholarly. Jan 07, Cathy rated it really liked it. By the end of this century, most of the world will be developed: