“How The West Was Lost”
Please join us for a book discussion with
international economist and author DAMBISA MOYO
Our BookTalkUNA discussion series
is held in conjunction with the Institute of International Education
Thursday, March 10, 2011
6 p.m. — Reception
6:30 p.m. — Presentation
7:15 p.m. — Book Signing
Institute of International Education
809 United Nations Plaza, Kaufman Center
New York, NY
Amid the hype of China's rise to global power, the most important story of our generation is being pushed aside: how the West's rapidly growing population of the unskilled, unemployed, and disaffected threatens the nation's wealth and stature.
In How the West Was Lost, New York Times bestselling author Dambisa Moyo offers a bold account of the decline of the economic supremacy of the West. She examines how the West's flawed financial decisions and blinkered political and military choices have resulted in an economic and geopolitical seesaw that is now poised to tip in favor of the emerging world. As Western economies hover on the brink of recession, emerging economies post double-digit growth rates. And whereas in the past, emerging economies lived and died by America's economic performance, now they look to other emerging countries to buy their goods and fuel their success.
Formerly a consultant for the World Bank and an investment banker specializing in emerging markets at Goldman Sachs, Moyo daringly claims that the West can no longer afford to simply regard the up-and-comers as menacing gate-crashers. Incisive and illuminating, How the West Was Lost not only exposes the economic myopia of the West that has led it onto a path of economic decline, but also reveals the crucial — and radical — policy actions that must be taken to stem this tide.
Dambisa Moyo is an international economist who comments on the macroeconomy and global affairs. In 2009 Ms. Moyo was named by Time magazine as one of the "100 Most Influential People in the World", and was nominated to the World Economic Forum's Young Global Leaders Forum. Her writing regularly appears in economic and finance-related publications such as The Financial Times, The Economist and The Wall Street Journal.
She is also the author of the New York Times bestseller Dead Aid: Why Aid is Not Working and How there is a Better Way for Africa (2009). Regarding her work on Africa, former UN Secretary-General Kofi Annan said, "Dambisa Moyo makes a compelling case for a new approach in Africa. Her message is that 'Africa's time is now.' It is time for Africans to assume full control over their own economic and political destiny. Africans should grasp the many means and opportunities available to them for improving their quality of life." Similarly inspired, Rwandan president Paul Kagame bought copies of Dead Aid for his entire cabinet.
Ms. Moyo completed a Ph.D. in Economics at Oxford University and holds a Masters degree from Harvard University. She completed an undergraduate degree in Chemistry and an MBA in Finance at the American University in Washington D.C.
On Dambisa Moyo and How the West Was Lost
"Moyo is a former employee of Goldman Sachs, and her diagnosis of the recent disasters in financial markets is succinct and sophisticated... I applaud her brave alarum against our economic and social complacency: her core concerns are sufficiently close to painful truths to warrant our attention." Paul Collier, The Observer
"Dambisa Moyo is that rare type of person — an economist who makes waves. Her first book Dead Aid angered many in the charity sector by arguing that foreign aid has harmed Africa and should be phased out. Her second accuses America and other Western powers of squandering their world economic dominance through a sustained catalogue of fundamentally flawed policies. How the West Was Lost goes so far as to predict that the U.S. will be a 'bona fide socialist welfare state' by the latter part of this century." Andrew Cave, The Telegraph
"The innovation competition between Asia and the West is a significant theme at the moment and Moyo's book capitalizes on that theme as well, but instead of making it out to be an East versus West issue, she says it's the West versus "the rest." Zambia-born, Moyo's thoughts on American competitiveness echo those of popular American sentiment — that Americans have a special disposition, one that makes them extremely resilient and innovative in times of crisis." Jenara Nerenberg, Fast Company
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