Book details

Book description

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. Dambisa Moyo worked at Goldman Sachs for eight years, having previously worked for the World Bank as a consultant. Dambisa completed a PhD in Economics at Oxford University, and holds a Masters from Harvard University Kennedy School of Government. She was born and raised in Lusaka, Zambia.