Jon Rosen and Jonathan Fenby Review Winner Take All by Dambisa Moyo
Verdict: one sticky carrot and one carroty stick
What is the greatest threat to American prosperity? In the run-up to November’s election, much will be written about risks posed by the national debt, stubbornly high unemployment and the potential trans-Atlantic impact should the Eurozone break apart.
Yet in the long run, a more fundamental danger looms — one that puts the standard of living enjoyed by most Americans and citizens of the wider developed world at risk. That danger, articulated by author Dambisa Moyo, is an emerging global shortage of several key commodities — including oil, gas, minerals, food, and even water.
China’s impact on the global economy since it embarked on the pursuit of growth through the market three decades ago has been a two-way street. On the one hand, there is the familiar story of how the world’s most populous nation and its second biggest economy has exported a stream of cheap manufactured goods with richer nations making up for the deficiencies of domestic demand in what is still quite a poor country. On the other hand, there is the story of China as the biggest buyer of raw materials on a worldwide scale, a resources-poor nation bent on headlong expansion which needs to be fuelled by supply from Africa, the Middle East, Australia, Latin America and neighbours such as Burma.
Book Details
- Winner Take All: China’s Race for Resources and What It Means for the World by Dambisa Moyo
EAN: 9780465028283
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- Winner Take All: The Race for the World’s Resources by Dambisa Moyo
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EAN: 9781846145049
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May
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