7 of 8 people found the following review helpful
Good foundations, but overstretched conclusions,
This review is from: How The West Was Lost: Fifty Years of Economic Folly - And the Stark Choices Ahead (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.