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How the West Was Lost: Fifty Years of Economic Folly---and the Stark Choices Ahead [Audiobook, MP3 Audio, Unabridged] [Audio CD]

Dambisa Moyo , Anne Flosnik
3.9 out of 5 stars  See all reviews (15 customer reviews)
Price: £10.49 & this item Delivered FREE in the UK with Super Saver Delivery. See details and conditions
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Book Description

15 Feb 2011

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.

--This text refers to the Paperback edition.


Product details

  • Audio CD
  • Publisher: Tantor Media, Inc; Unabridged edition (15 Feb 2011)
  • Language: English
  • ISBN-10: 1452650675
  • ISBN-13: 978-1452650678
  • Product Dimensions: 13.5 x 1.5 x 19 cm
  • Average Customer Review: 3.9 out of 5 stars  See all reviews (15 customer reviews)
  • Amazon Bestsellers Rank: 1,069,126 in Books (See Top 100 in Books)

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Review

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 ) --This text refers to the Paperback edition.

About the Author

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. --This text refers to the Paperback edition.

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Customer Reviews

Most Helpful Customer Reviews
7 of 8 people found the following review helpful
5.0 out of 5 stars Excellent 25 Feb 2011
By Holman
Format:Paperback
A superb analysis of the sheer stupidity of US and UK misallocation of investment capital, (for example) in sectors such as ludicrously overpriced Housing, the borrow to consume House of Cards economy, in contrast to other countries that have wisely invested in factories and productive businesses that generate monthly incomes for people. Points out the uselessness of the misdirected (military) spending and stupid military adventure of the US and UK. A very good outline of the World economy as it is now and where it could be headed. The book also points out that the present economic and political structures in Western Europe and the US will not meet the challenges of ageing population, the Black Holes in pension funds and continuation of non-productive economies. Reading between the lines I would say the author questions the wisdom of certain countries even attempting to exist and compete in the same Trading Arena as China. Excellent Book.
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10 of 12 people found the following review helpful
5.0 out of 5 stars A must read!!! 13 Jan 2011
Format:Paperback
How the West Was Lost provides a broad overview of the international economy. Moyo has moved on from the failures of western aid in her last book to some of the most controversial positions and choices of governments and electorates alike. It is incredibly factual and a great historical resource elucidating the last fifty years - the politics, the economics and the social implications. The author concludes with certain Western options to compete against rising Eastern states and inequality. How The West Was Lost is thought provoking and stimulating considering our current economic climate. A must read for anyone interested in the state of the world, the financial crisis and the future of the west - and the rest.
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5 of 6 people found the following review helpful
3.0 out of 5 stars Good foundations, but overstretched conclusions 13 Mar 2011
By Thomas
Format:Paperback
This was an entertaining read. It has a wealth of insightful analysis of things the West has done wrong and the consequences of having squandered such potential. The book is generally very clear and easy to follow, albeit a little academic in some places.

Ms Moyo is convincing in explaining the west and the consequences of its actions. However the conclusions and predictions seem selective and overstretched resulting in a few rather dry and not very convincing scenarios.

Ms Moyo seems not to recognise the inherent risks in the "rest of the world" while neglecting strengths in the West. An example is that a pensions liability in practise exists in both China and in the West and that a 1 child policy China will needs to fund the care of its pensioners. Whether pensions are funded by a Government or their private citizens, in both cases neither seems likely to be saving enough and economic activity will likely be depressed.

Equally framing the analysis with an almost exclusive focus on nation states seems to neglect how individuals and "micro societies" for lack of a better word are likely to shape future global prosperity. A more fluid world suggests a more nuanced approach than the "west vs the rest approach" is needed.
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Most Recent Customer Reviews
4.0 out of 5 stars Stimulating, insightful, but uneven
This is a fascinating book: short enough to read in half a day or so, full of refreshingly unconventional views, but clearly aiming for balance. Read more
Published 4 months ago by T. D. Welsh
4.0 out of 5 stars A comprehensive economic argument that the West is giving way to the...
Many believe the West will always be on top of the world's economy, as it has been for the past 500 years. Read more
Published 8 months ago by Rolf Dobelli
2.0 out of 5 stars shallow and undisciplined
I have to admit, I was ill disposed towards this book from reading the blurb. What are the chances, I thought, of getting a decent analysis from someone who flaunts the fact that... Read more
Published 14 months ago by Ioannis Glinavos
4.0 out of 5 stars Surprising!
Bought as a Christmas present for a discening recipient, who as it turne out, knows and had worked with the author, but had not read the book. Present well received!
Published 16 months ago by Dr. F. Arnold
4.0 out of 5 stars South Sea Bubble again
This is a thought provoking book about how the West sleep walked into another South Sea Bubble. Only in this one most people wanted to believe Gordon Brown's "Boom and Bust are... Read more
Published on 13 Mar 2011 by Malling
3.0 out of 5 stars Autarchic simplicity
The book is well written but betrays great ignorance about how trading economies work. Good on the US debt crisis, this is the first I have learnt that US citizens can walk away... Read more
Published on 6 Mar 2011 by DR T MOTTRAM
5.0 out of 5 stars A short book which straddles the Atlantic
A friend of mine from New York was raving about this book so I duly bought and read it. How The West Was Lost contains some home truths about both the US and UK. Read more
Published on 28 Feb 2011 by Chalke
5.0 out of 5 stars Intellectual and Entertaining read
How the West was Lost is a highly fascinating book that realistically portrays how the world's most advanced countries have thrown away their powerful positions through poor... Read more
Published on 25 Feb 2011 by Tdiers
4.0 out of 5 stars An extremely interesting read
This is an extremely interesting book to read. Remembering, of course, that it is the author's opinion. I do not agree with approximately 25% of it. Read more
Published on 28 Jan 2011 by P. Norton
5.0 out of 5 stars INFORMED, INSIGHTFUL AND USEFUL
In How the West Was Lost Dr. Dambisa Moyo combines her knowledge gained from impressive academic and professional achievements with an ability to explain complex issues in a way... Read more
Published on 26 Jan 2011 by John Katz
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