Deep Dish on Global Affairs Why Dambisa Moyo Thinks This Economic Moment is Different
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Sep 11, 2025 Baroness Dambisa Moyo, an esteemed economist and board member for Starbucks and Chevron, dives into the shifting landscape of the global economy. She tackles Europe's stagnating growth and productivity issues in comparison to the U.S., emphasizing the crucial role of historical lessons in shaping today's markets. Moyo discusses urgent economic challenges, including inequality, demographic shifts, and resource limitations. She also explores unexpected income discrepancies and urges policymakers to address economic inequality amidst deglobalization and rising tariffs.
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Growth As The Central Problem
- Economic growth is the core issue because it funds public goods and enables innovation.
- Anything that dents growth (demographics, inequality, resource scarcity, tech-induced job loss) worsens outcomes.
Productivity Explains Growth Gaps
- Productivity explains 40–60% of why countries grow faster than others.
- Despite tech advances, developed economies have seen productivity slow, dragging growth.
Early 20th Century Parallels
- Moyo recounts the early 20th-century pattern: globalization, war, pandemic, crash, then big policy shifts.
- She uses that history to compare our recent pandemic, financial crisis, and current geopolitical conflicts.
