Summary of Is China the New Idol for Emerging Economies?

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Global economist Dambisa Moyo issues some sobering advice to Western countries: Stop the political proselytizing in economic arenas; such preaching is irrelevant to developing nations, many of which prefer to emulate China, a nation that delivers economic growth unencumbered by political ideation. getAbstract recommends Moyo’s articulate, eye-opening lecture to economists, development organizations and businesses with a stake in developing economies.

In this summary, you will learn

  • Why political freedom and capitalism are interconnected in Western ideology,
  • Why this doctrine is irrelevant in developing nations, and
  • Why emerging economies prefer to emulate China’s success than to follow the West’s development blueprint.
 

About the Speaker

Dambisa Moyo is a global economist. She wrote Winner Take All and Dead Aid.

 

Summary

Western ideology views economic success and private capitalism as inextricable from liberal democracy and freedom. However, this doctrine is not universally applicable, and it has led...

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