Author(s): Dambisa Moyo
In How the West Was Lost, the New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the economic supremacy of the West. She examines how the West's flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world. As Western economies hover on the brink of recession, emerging economies post double-digit growth rates. And whereas in the past, emerging economies lived and died by America's economic performance, now they look to other emerging countries to buy their goods and fuel their success.Formerly a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs, Moyo daringly claims that the West can no longer afford to simply regard the up-and-comers as menacing gate-crashers. 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.
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
Dambisa Moyo is the critically acclaimed author of Dead Aid: Why Aid Is Not Working and How There Is Another Way for Africa, and was chosen as one of Time Magazine's 100 Most Influential People in the World in 2009. She holds a PhD in Economics from Oxford University and a Masters from Harvard University Kennedy School of Government, and has worked at the World Bank and Goldman Sachs. She was born and raised in Lusaka, Zambia.