» » Winner Take All: China's Race for Resources and What It Means for the World

Download Winner Take All: China's Race for Resources and What It Means for the World epub

by Dambisa Moyo

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.

Download Winner Take All: China's Race for Resources and What It Means for the World epub
ISBN: 0465028284
ISBN13: 978-0465028283
Category: Politics
Subcategory: Politics & Government
Author: Dambisa Moyo
Language: English
Publisher: Basic Books; 1 edition (June 5, 2012)
Pages: 272 pages
ePUB size: 1839 kb
FB2 size: 1427 kb
Rating: 4.1
Votes: 291
Other Formats: lrf txt docx mbr

Joe Chernicoff writes: My interest in China began about 3 decades ago after spending a brief time in that country, and as many people, I found China's continuing economic growth of great interest, Robert D. Kaplan's book "Monsoon" provided more interest creating data with his discussion of the South China Sea, China's role in India, and related information. So when I heard Dambisa Moyo talk about her book 'Winner Take All' on BookTV, I ordered a copy.

My interest was also peaked since I have an undergraduate degree in agriculture, and some grad work in agricultural economics, but even for those who have no knowledge of the commodity markets, this book is valuable. It provides a good lesson on how China has been able to take control of much of the world market's supply of valuable commodities, how what China does in Africa and Latin America can be a lesson form the United States and the rest of the Western world. Her chapters on harbingers of things to come and what constitutes a clear and present danger are quite interesting, and worthwhile reading. All in all, I recommend this work for everyone to read - it will serve you well.
Hawk Flying
Wow, can't believe I'd never heard of this Zambian author.
Everything I've ever wondered on the pros & cons of China being in Africa, what they're doing around the world and why... Is in this book.
Dambisa produced such a well researched book, without allowing this to feel like reading a thesis and now I understand why her books are always on the NYT best sellers list.
I learnt a lot about the workings of the commodities market and why it's not in China's best interest to disenfranchise the countries they trade with.
One thing is clear... China's strategy has been simple. They need commodities for their burgeoning middle class so they trade aggressively, even overpay. Don't talk to me about the US strategy because they also need commodities, but they've created wars and simply took what they needed.
A lot to be learnt from China however the bigger question is... is the rest of the world prepared for the impending commodities calamity due to scarcity? Seems it's only China that's preparing for this
This book describes how China is gaining present and future access to the world's commodities. I came away valuing what I learned, but feeling the content was more appropriate for an article in The Economist. At times I felt the author was trying to expand in order to fill a book, e.g. some discussion of commodities trading terms, which added nothing to the explanation, and only created confusion as I tried to figure out whether she had it right (it didn't matter since it seemed irrelevant).
This is a work of geopolitical economics, but it is fascinating and the author Ms Moyo has done an excellent job of identiying the salient points of the situation in as lean a format as you could ask for. In addition I read the book for its financial investment value, which, while not its main purpose, provided useful information peering into the mist of the future giving as clear a picture of intent as you can get.
This is an excellent read.
Great book. Very eye opening! Moyo is one of the probably one of the most articulate economists I've ever heard.
If we think thet China is just trying to get easy money exploiting their citizens, we could be underestimating it. The steps China is taking, apparently perfectly planned, could scare you. This book helps a lot to understand what they are doing to be strong in the long run. Highly recomended.
Gold as Heart
Great book. Ordered two more from Dambisa, can't wait to crack them.