Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
Other Sellers on Amazon
+ Free Shipping
+ $3.98 shipping
How the West Was Lost: Fifty Years of Economic Folly---and the Stark Choices Ahead Audio CD – Audiobook, CD, Unabridged
|New from||Used from|
Customers who viewed this item also viewed
What other items do customers buy after viewing this item?
"[Flosnik] applies her signature posh British accent to Moyo's work [with] her competent, mostly straight delivery." ---AudioFile
About the Author
Dambisa Moyo is an international economist who writes on the macroeconomy and global affairs. She is the author of the New York Times bestseller Dead Aid, and she writes regularly for Financial Times, the Economist, the Wall Street Journal, and other publications.
Anne Flosnik is an accomplished, multi-award-winning British actress, with lead credits for stage, television, commercials, industrials, voice-overs, and audiobooks. She has garnered three AudioFile Earphones Awards, including for Little Bee by Chris Cleave, and four Audie Award nominations.
Top customer reviews
Moyo clearly and succinctly describes the folly of short term vision by politicians which will be the downfall of western economic domination. Nikita Krushchev, when he visited the U.S. in 1959, said "We will bury you". He was misinterpreted as saying this literally, what he meant was that the Soviet technological effort would smother the U.S. As history proved, he was wrong but China will most likely fulfill the prophesy.
This book should be required reading for every western politician, bureaucrat and university president.
At times,this work can be somewhat frightening, but like any worthwhile explanations, it makes the reader think and relate to what he or she sees occurring in the world today, regardless of the reader's world-view.
Economics is probably one of the more boring subjects for the average person; Moyo's work makes it interesting and relevant. So read this book, and take from it the essence of what Dr. Moyo writes. And read it before you read Winner Take All.
How the West Was Lost clearly shows that we cannot continue to do things the way we have and that we must not only change our actions, but our thinking as well. This would involve so much change in government policy that it seems an impossible task, but I refuse to accept that the outcome is inevitable, as the author seems to.
That's why it's so refreshing to read something by someone who is not only well educated in the field but also emotionally removed from U.S. politics that she can view the situation in an unbiased way. One thing that I especially appreciate about this book is that while the author laments short-sighted policies and the plight of western nations, she goes a step beyond and prescribes practical strategies and policies that could be adopted that would be effective in reversing the damage.
Moyo identifies three essential elements to economic growth and explains how western countries have weakened each element. With respect to capital, the U.S. has gone from the world's largest creditor nation to the world's largest debtor nation in just a few decades. Sometimes acquiring debt can be good of the money is invested in income producing capital. However, western countries have borrowed trillions from abroad and spent little on investment but much in consumer goods and non-income producing capital such as homes.
With respect to labor force, students in western countries once tested the highest in the world but over the past few decades have been falling behind Asian countries and other developing nations. With respect to R&D, the U.S. has let other nations share in much of their technology at no charge thereby eviscerating the return on investment.
Moyo then goes on to prescribe suggest policies that could be used to address each of the three elements. Many of her suggestions are practical and effective. Some are not very practical, like, for instance, a debt default.
As an American, it is frightening to read this book, not because the current economic situation that we face is so dire or unrecoverable, but because our leaders are naïvely pursuing the very policies that put us in this position. Sadly our leaders probably won't pay much attention to this book but instead will pay rapt attention to the loud-mouthed pop-pseudo economists of the airwaves.
Some of the reviews mention minor factual errors in the book. Some whined about whether Fiat bought General Motors. Another moaned about undue criticism of British PM. I can nit pick too. I can nit pick like Lionel Richie, all night long. But a minor error shouldn't take away from the overall premise of the book which is sound and quite alarming.
Most recent customer reviews
Not indicative of much serious thought, in depth, into the subject.