By Dambisa Moyo
In How the West was once Lost, the New York Times bestselling writer Dambisa Moyo deals a daring account of the decline of the West's monetary supremacy. She examines how the West's improper monetary judgements have ended in an monetary and geopolitical seesaw that's now poised to tip in prefer of the rising international, particularly China.
Amid the hype of China's upward push, although, an important tale of our new release is being brushed off: the United States is not only in financial decline, yet heading in the right direction to turn into the most important welfare kingdom within the background of the West. the true threat is a thome, Moyo claims. whereas a few nations – corresponding to Germany and Sweden – have intentionally engineered and financed welfare states, the U.S. dangers turning itself right into a bloated welfare kingdom now not as a result of ideology or a bigger imaginative and prescient of monetary justice, yet out of monetary desperation and short-sighted policymaking. How the West was once Lost finds not just the commercial myopia of the West but additionally the novel suggestions that it must undertake with the intention to assert itself as a world financial strength as soon as again.