How the West Was Lost
Fifty Years of Economic Folly--and the Stark Choices Ahead
By Dambisa Moyo
(Farrar, Straus and Giroux, Hardcover, 9780374173258, 240pp.)
Publication Date: February 15, 2011
List Price: $25.00*
* Individual store prices may vary.
Enter your zip code below to find indies closest to you.
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.
Dambisa Moyo is the author of Dead Aid. Born and raised in Lusaka, Zambia, Moyo completed a Ph.D. in economics at Oxford University and holds a master’s from Harvard University’s John F. Kennedy School of Government. She worked for the World Bank as a consultant, and also worked at Goldman Sachs for eight years. In 2009, Time magazine named her one of the “100 most influential people in the world.” Her writing frequently appears in publications including the Financial Times, The Economist, and The Wall Street Journal.
Federal, state and local governments, along with many private companies, are struggling to get their finances in order, and many are looking at one major cost: pensions. Many pensions in the U.S. aren't sustainable, economist Dambisa Moyo says, and they've made American corporations uncompetitive. More at NPR.org
NPR Audio Player Requires Flash Upgrade: Please upgrade your plug-in to view this content.