How The West Was Lost: Fifty Years of Economic Folly - And the Stark Choices Ahead

WE THINK WE KNOW WHAT'S COMING. BUT IS IT ALREADY TOO LATE? How The West Was Lost represents a radical wake-up call to a complacent elite. Dambisa Moyo charts how over the last fifty 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 decline, which is now poised to tip irreversibly in favour China and other emerging economies. The future for the West looks bleak. However, Moyo outlines the stark choices that political leaders will need to make if they are to stem the tide. By forging closer ties with the emerging economies, rethinking trade barriers, overhauling their tax systems, and specifically addressing the three essential ingredients for growth (capital, labour and technology) it might yet still be possible for the West to get back in the race. Crucially though, Western governments first need to recognize just how critical the situation really is. This book might help them. PRAISE FOR DEAD AID 'A damning assessment of the failures of sixty years of western development' Financial Times 'Provocative . . . incendiary . . . a double-barrelled shotgun of a book' Daily Mail 'Articulate, self-confident and angry . . . this book marks a turning point' Spectator 'A wonderfully liberating book' Washington Times