Jeremy's Reviews > How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead
How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead
by Dambisa Moyo
by Dambisa Moyo
A must read for any socially aware citizen...
Moyo presents a clear picture of how the west, USA specifically, lost their economic superiority to the emerging "rest" through systematically implementing myopic economic policies over the last three decades.
From the tech boom in Asia of the early 80's to the 21st century housing bubble bursting in the 2008 economic crash, Moyo gives a succinct, if bleak, account of American missteps that virtually handed the reigns freely to the developing world.
Although we've created a workforce comprised of undereducated, unskilled, expensive citizens that are uncompetitive in the global marketplace, Moyo's conclusion offers a sliver of hope to the west in the form of 4 possible scenarios of the rest of the century, not all of which end with the west at the bottom.
She reminds us of our savvy and resilience, which is needed now more than ever to pull us out of this nose dive... and the responsibility we have to invest in our own people in the form of education and innovation.
Moyo presents a clear picture of how the west, USA specifically, lost their economic superiority to the emerging "rest" through systematically implementing myopic economic policies over the last three decades.
From the tech boom in Asia of the early 80's to the 21st century housing bubble bursting in the 2008 economic crash, Moyo gives a succinct, if bleak, account of American missteps that virtually handed the reigns freely to the developing world.
Although we've created a workforce comprised of undereducated, unskilled, expensive citizens that are uncompetitive in the global marketplace, Moyo's conclusion offers a sliver of hope to the west in the form of 4 possible scenarios of the rest of the century, not all of which end with the west at the bottom.
She reminds us of our savvy and resilience, which is needed now more than ever to pull us out of this nose dive... and the responsibility we have to invest in our own people in the form of education and innovation.
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