Summary of Winner Take All

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With China dominating financial headlines and world commodity markets, economist Dambisa Moyo takes a timely look at its strategy of stockpiling natural resources and financial assets. To tally the hundreds of billions of dollars China has invested, Moyo tours the world from Russia to Africa to South America. China is mostly playing nice, she concludes, although the leaders of the world’s second-largest economy are willing to use cutthroat tactics. She offers a balanced account of China’s prominent role, eschewing breathless fearmongering but also refusing to let China off the hook for questionable practices. This artful study examines the big picture beyond China’s buying spree, delving into its political pressures at home and cataloging resource scarcities abroad. While not an investment guide, this analysis provides valuable insight into the forces driving commodity markets. getAbstract recommends Moyo’s reporting to readers seeking an enlightening financial and political perspective on global markets and, notably, on China.

In this summary, you will learn

  • Why China is on a global shopping spree and
  • How its strategy affects world financial and commodity markets.
 

About the Author

International economist Dambisa Moyo is the author of Dead Aid and How the West Was Lost. Time magazine named her one of its “100 Most Influential People in the World” in 2009.

 

Summary

A Worldwide Shopping Spree
China’s rapid growth and aggressive acquisitiveness present the world with a new type of superpower, one that’s investing heavily in natural resources to support its large population in the future. From oil fields in Venezuela to copper mines in Chile, from ports...

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