How the West was lost

Dambisa Moyo is one of the rising economic stars. This Zambian Oxford scholar became famous with her first and very controversial book "Dead aid" in which she pleads for abolishing foreign development aid, especially in Africa. Her new book "How the West was lost" should be on the bookshelves this month. The book offers a bold account on the decline of the economic supremacy of the West over the past 50 years. In particular, Moyo examines how America's flawed decisions and blinkered policy choices around capital, labour and technology - key ingredients as you all know for economic growth and success - have resulted in an economic and geo-political seesaw that is now poised to tip in favour of the emerging world. I was very impressed by her first book and I'm looking forward to reading the second, especially because it seems quite relevant to this class.

Dambisa Moyo, who also studied at Harvard's Kennedy School of Government, also talks about the structural problems of the US economy. Have a look!