"The Lost Way of the West" argues that the economic model of the West is wrong.

by ids8737 on 2011-12-23 16:57:03

Amidst the hype surrounding China's "rise as a great power," a crucial situation that is vital to modern Westerners is being overlooked: the rapidly growing number of unskilled workers, unemployed individuals, and those dissatisfied with the government in the United States are threatening America's wealth and status. The great power of the East is rising while the West, once the dominant force in the world, is fading.

In **"How the West Was Lost"**, New York Times bestselling author and economist Dambisa Moyo elucidates how short-sighted decisions have caused the economic balance to tilt from the United States toward the emerging world. She argues that, faced with this impending disaster, the United States can choose to remain open to the international economy or opt for isolationism and adopt protectionist policies, thereby gaining time and space to address these pervasive structural issues.

The book **"How the West Was Lost"** not only incisively reveals the policy myopia that has led to the economic decline of Western countries but also insightfully proposes critical policy actions that could fundamentally halt this decline. Additionally, it offers another perspective on why China's economic model might be correct.