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Winner Take All: China's Race for Resources and What It Means for the World [Kindle Edition]

Dambisa Moyo
3.9 out of 5 stars  See all reviews (40 customer reviews)

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Book Description

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.
 


Editorial Reviews

Review

"Written to clarify important global questions, this book deserves a wide audience." - Kirkus Reviews

"Dambisa Moyo offers a smart primer for investors looking to make sense of the opportunities and risks in the commodity market space today. You must read this book if you want to understand the reality of what's happening in the world today. I am afraid the West is going to wake up too late to prepare for the future." - Jim Rogers, Author of the Bestselling book 'Hot Commodities'

"With Winner Take All, Dambisa Moyo offers a timely and provocative answer to two crucial questions: How are China's leaders rushing to meet their country's exploding demand for energy, and what does this mean for the rest of us? From Africa to Central Asia to Latin America, China exerts growing influence over prices for the commodities we all must buy to fuel our cars, heat our homes, and power our economies. It's a recipe for conflict-and at a crucial moment for the future of the global economy." - Ian Bremmer, President Of Eurasia Group And Author Of 'the End Of The Free Market' 

"For anyone longing to make sense of tectonic, eco-political shifts occurring in the commodities market, Winner Takes All is a fascinating and important book. By focusing her razor-sharp mind on China's central role in the new commodities rush, Moyo sheds light on and makes sense of a profound and dramatic moment in our history. Her book is a must-read." - Peter Munk, Chairman And Founder, Barrick Gold Corporation 

Review

Kirkus Reviews
“Written to clarify important global questions, this book deserves a wide audience.”
 
Jim Rogers, author of Hot Commodities and A Gift to My Children
“Dambisa Moyo offers a smart primer for investors looking to make sense of the opportunities and risks in the commodity space today. You must read this book if you want to understand the reality of what's happening in the world today. I am afraid the West is going to wake up too late to prepare for the future.”
 
Peter Munk, Chairman and Founder, Barrick Gold Corporation
“For anyone longing to make sense of tectonic, eco-political shifts occurring in the commodities market, Winner Takes All is a fascinating and important book. By focusing her razor-sharp mind on China's central role in the new commodities rush, Moyo sheds light on and makes sense of a profound and dramatic moment in our history. Her book is a must-read."
 
Ian Bremmer, president of Eurasia Group and author of The End of the Free Market
“With Winner Take All, Dambisa Moyo offers a timely and provocative answer to two crucial questions: How are China’s leaders rushing to meet their country’s exploding demand for energy, and what does this mean for the rest of us? From Africa to Central Asia to Latin America, China exerts growing influence over prices for the commodities we all must buy to fuel our cars, heat our homes, and power our economies. It’s a recipe for conflict—and at a crucial moment for the future of the global economy.”

Product Details

  • File Size: 864 KB
  • Print Length: 272 pages
  • Publisher: Basic Books; First Trade Paper Edition edition (June 5, 2012)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B0080K3FHM
  • Text-to-Speech: Enabled
  • X-Ray:
  • Lending: Not Enabled
  • Amazon Best Sellers Rank: #283,260 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

Most Helpful Customer Reviews
63 of 70 people found the following review helpful
4.0 out of 5 stars Solid Book June 7, 2012
Format:Hardcover|Verified Purchase
Winner Take All: China's Race for Resources and What It Means for the World by Dambisa Moyo

"Winner Take All" is an even-handed assessment on China's race for resources and the implications this has for the rest of the world. The book's spotlight is on China's central role in the commodities dynamics. Best-selling author, international economist and a native of Zambia, Dr. Moyo has written a professional yet accessible book that tackles the following broad themes: economic implications of China's ascendency, China's growing financial reach and its implications for the workings of the global commodity markets, and the social and political implications of China's quest for resources. In general, the author succeeds in addressing the main themes through substance rather than with style and flair. This 272-page book is broken out in two parts: Part I - China's Rush for Resources and Part II - What China's Resource Rush Means for the World.

Positives:
1. Well-researched and well-written book that is accessible for the masses.
2. An even-handed book. The author seems very fair and logical. Her arguments and assessments are backed by sound economic perspectives. She's not afraid to be critical while remaining objective.
3. Dr. Moyo has the right background and great credentials to write such books. I'm also happy to see a female voice who is a native of Zambia in an otherwise male-dominated arena providing some refreshing and thought-provoking insights.
4. The author lays out early on what this book is all about and proceeds to methodically support her arguments with sound economic logic and knowledge. I like how the author considers various points of view of an issue.
5.
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25 of 28 people found the following review helpful
4.0 out of 5 stars The challenges of a resource-scarce future June 7, 2012
Format:Hardcover
Over the next several decades the world will almost certainly face global tensions arising from greater resource scarcity, according to Dambisa Moyo in this book. China is the only one of the world's great powers to focus its economic and political strategy on anticipating the considerable challenges presented by a resource-scarce future.

The book describes a range of limited resources, including arable land, water, minerals and oil, and examines the future implications for China and for the rest of the world. China is both the leading buyer of the world's resources and the main trading partner of many countries, giving it enormous economic power. Particularly in Africa, China is a significant funder of governments and infrastructure projects.

In view of the controversial nature of the author's previous books Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa and How the West Was Lost: Fifty Years of Economic Folly--and the Stark Choices Ahead, and in particular her suggestion that the US should default on its loans from China, readers may be surprised to discover that she does not take an anti-Chinese approach in this book. While some regard China's resources rush in Africa as neo-colonialist, the author says that, for the moment, China would seem to be one of the forces actively working to improve Africa and the prospects of its people. She points out that China is almost universally viewed by Africans as having a more beneficial impact on African countries than does the United States.
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13 of 17 people found the following review helpful
3.0 out of 5 stars Unnecessarily sensational August 21, 2012
Format:Hardcover|Verified Purchase
As its tittle demonstrates this book is exaggerating the situation and blaming China (and developing world including India, Brazil etc. ) for a possible supply crisis in commodities. Two biggest blunders of the book are

1) It completely ignores that China is the biggest producer of many commodities. It produces much much more than it imports. (Anyone can google it, only significant exception is oil)

2) China is not trying to grasp the current supply of commodities, on the contrary it invests to create new suppliers in Africa, Australia and South America. This distinction is not apparent when you read the book.

Book also has very curios mistakes such as "copper in future will be less pure". I've just lol'ed to that one :)

Book has couple of good points too tough.

It clearly states that people in Africa "like" Chinese involvement because they see it as win-win situation.

Humanity needs to be much more careful with its consumption of resources especially when it comes to water and food.

Political myopia is the biggest problem.
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1 of 1 people found the following review helpful
4.0 out of 5 stars China: Friend or enemy? January 24, 2013
Format:Hardcover|Verified Purchase
After Dead Aid, Dambisa Moyo does not choose to rest on her laurels. Her campaign aiming at providing a better grasp of Africa's prospects in a global world continues in a more relevant and meticulous fashion. Her new book, Winner Take All: China's Race for Resources and What it Means for the World, is a blatant proof showing that the international success of Dead Aid was not a result of random happenstance. Dambisa Moyo is deep, her new book is very insightful; however, I argue that her thought should not got unchallenged.

In Dead Aid, Moyo is blunt. She argues that the cause of Africa's precarious conditions is aid, mainly concessional (non-emergency) loans and grants. Over the years, $1 trillion of development aid went to Africa from Western governments through a variety of channels. But, Africa has not been better off. Hence, aid, according to Moyo, is the cause of poverty in Africa.

To me, this is a pretty bold statement, and I am afraid that it does suffer from a type of logical fallacy known as "the post hoc fallacy," one that confuses correlation with causation. But notwithstanding this logical shortcoming, the existing positive correlation between aid and poverty (i.e., more aid, more poverty) in Africa is suggestive. Why on earth over the past thirty years, the most aid-dependent countries, according to Moyo, have enjoyed growth rates averaging minus 0.2 per cent per annum. Between 1970 and 1998, when aid flows to Africa were at their peak, poverty increased from about 12 percent to a shocking 66 percent. Africa's real GDP per capita today is lower than that in the 1970s, "leaving many African countries at least as poor as they were forty yeas ago.[1]" Is not that a clear signal that something is amiss? Yes indeed.
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Most Recent Customer Reviews
5.0 out of 5 stars Five Stars
good read
Published 3 months ago by anwar yamini
5.0 out of 5 stars Five Stars
great book. Easy to read and very interesting
Published 3 months ago by Ricardo Silva
5.0 out of 5 stars Very informative body of work
This book gave the best account so far in terms of the world resources,and how much of a disaster things are going t be if we are not careful. Read more
Published 3 months ago by teaty pawoo
4.0 out of 5 stars Commodities focused analysis
At times somewhat alarmist, but put the history of Sino-African commodity trade into context. I like the description of how China used its resources in exchange for infrastructure... Read more
Published 8 months ago by Lisa Broughton
2.0 out of 5 stars Good as an introductory book, but don't believe everything blindly
It is good as an introductory book for those who know absolutely nothing about resources and energy space. Read more
Published 9 months ago by KMM
5.0 out of 5 stars China taking the lead
If we think thet China is just trying to get easy money exploiting their citizens, we could be underestimating it. Read more
Published 10 months ago by Adonay Navarro
3.0 out of 5 stars Good so far...
I have only started reading it, but it is ver current, well researched, and Moyo explains in layman's terms the finance world.
Published 11 months ago by Sarah
5.0 out of 5 stars Dambisa Moyo gives it to you straight in easy-to-understand language
The Chinese are everywhere. That’s one take away from Dambisa Moyo’s Winner Take All: China’s Race for Resources and What It Means for the World, but it’s not the only one. Read more
Published 12 months ago by A. Schultz
5.0 out of 5 stars The title intrigues me. "Take" and not "Takes"? I am a norwegian and...
Extremely important book! JFK wrote "While England slept", Moyo is writing about the West sleeping right now. Really important for everyone to read.
Published 12 months ago by Peter Meidell
3.0 out of 5 stars depressing
if it was not true it would be a good read. we are too dumb to realize what is happening to us
Published 14 months ago by peter b
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More About the Author

Dr. Dambisa Moyo is an international economist who writes on the macroeconomy and global affairs.

She is the author of the New York Times Bestsellers "Dead Aid: Why Aid Is Not Working and How There Is a Better Way for Africa", "How The West Was Lost: Fifty Years of Economic Folly - And the Stark Choices Ahead" and "Winner Take All: China's Race for Resources and What It Means for the World".

Ms. Moyo was named by Time Magazine as one of the "100 Most Influential People in the World", and was named to the World Economic Forum's Young Global Leaders Forum. Her work regularly appears in economic and finance-related publications such as the Financial Times and the Wall Street Journal.

She completed a doctorate in Economics at Oxford University and holds a Masters degree from Harvard University. She completed an undergraduate degree in Chemistry and an MBA in Finance at the American University in Washington D.C..

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