Dating dmoyo

25-Oct-2016 13:43

At first glance, Dambisa Moyo's latest work is merely an incremental addition to the already sizeable literature that can be summed up in the phrase "China Will Eat Us".

Thousands of such works must have been consumed, usually by Western businesspeople on long-haul flights – the very people supposedly threatened by China's re-entry into the world economy.

This study also showed that the wealth of this poorer 50 percent has fallen by a trillion dollars since 2010, a drop of 38 percent, while the 62 on the top are richer than ever before.The first half of Moyo's thesis conforms more closely to conventional economic wisdom than her previous assault on Western attitudes to the developing world, Dead Aid.The West, especially the US, has alienated China with arguments about trade and exchange rates, never realising fully that the fundamental cause of the "global imbalances" is America's own uncompetitive economy.And it's also about the fact that the global economy has changed so dramatically.We've gone from protectionist societies into globalization.

This study also showed that the wealth of this poorer 50 percent has fallen by a trillion dollars since 2010, a drop of 38 percent, while the 62 on the top are richer than ever before.

The first half of Moyo's thesis conforms more closely to conventional economic wisdom than her previous assault on Western attitudes to the developing world, Dead Aid.

The West, especially the US, has alienated China with arguments about trade and exchange rates, never realising fully that the fundamental cause of the "global imbalances" is America's own uncompetitive economy.

And it's also about the fact that the global economy has changed so dramatically.

We've gone from protectionist societies into globalization.

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