Tuesday, 20 November 2012

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

One of those Africans, who have bravely written there names in the World economic analysis, an area where many Africans were, in the past, not always welcomed, either because of their "incompetency" (a situation subjectively and conventionally accepted) or because they was no opportunity for them to do so, Dambisa Moyo, has giving the economic sector another master piece. She has come up, in her usual way, with another thought provoking book on the Chinese race to World economic monopolization.
Here is the description of this her best selling book which, surely will not only influence the Chinese economic policy but also the attitude of the third world towards all her disguised economic saviours.

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. 
''The truth might be hard to say, painful to bear or even drastic for the truth sayer but still needed to be said''. ALISON.

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