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China's Race for Resources and What It Means for the World
Basic Books
June 2012
On Sale: June 5, 2012
257 pages
ISBN: 0465028284
EAN: 9780465028283
Kindle: B0080K3FHM
Hardcover / e-Book
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Non-Fiction
Commodities permeate virtually every aspect of modern daily
living, but for all their importance—their breadth, their
depth, their intricacies, and their central role in daily
life—few people who are not economists or traders know how
commodity markets work. Almost every day, newspaper
headlines and media commentators scream warnings of
impending doom--shortages of arable land, clashes over
water, and political conflict as global demand for fossil
fuels outstrips supply. The picture is bleak, but our grasp
of the details and the macro shifts in commodities markets
remain blurry. Winner Take All is about the commodity dynamics that
the world will face over the next several decades. In
particular, it is about the implications of China’s rush for
resources across all regions of the world. The scale of
China’s resource campaign for hard commodities (metals and
minerals) and soft commodities (timber and food) is among
the largest in history. To be sure, China is not the first
country to launch a global crusade to secure resources. From
Britain’s transcontinental operations dating back to the end
of the 16th century, to the rise of modern European and
American transnational corporations between the mid 1860’s
and 1870’s, the industrial revolution that powered these
economies created a voracious demand for raw materials and
created the need to go far beyond their native countries. So too is China’s resource rush today. Although still in its
early stages, already the breadth of China’s operation is
awesome, and seemingly unstoppable. China’s global charge
for commodities is a story of China’s quest to secure its
claims on resource assets, and to guarantee the flow of
inputs needed to continue to drive economic development.
Moyo, an expert in global commodities markets, explains the
implications of China’s resource grab in a world of
diminishing resources.
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