How the West Was Lost: Fifty Years of Economic Folly and the Stark Choices Ahead by Dambisa Moyo

Year 2012, Volume: 4 Issue: 1, 127 - 128, 01.03.2012

Sheila Pelizzon

Abstract

The world financial crisis beginning in 2008 has given rise to a spate
of books by various authors explaining the phenomenon. This contribution
by a Harvard-and-Oxford-educated economist explains the origins of the
current crisis and its implication for western economies. Yet perhaps more
accurately it describes the likelihood of at least relative decline of the United
States, with other western countries playing, at best, supporting roles in the
picture. This is a highly readable book written in journalistic -rather than
academic- style. For the non-specialist it offers considerable insight into the
current economic troubles of the US, and by extension, the West.

Keywords

Financial Crisis, US economy, 2008 Finance Crisis

References

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