Synopses & Reviews
Commodities permeate virtually every aspect of modern daily living, but for all their importancetheir breadth, their depth, their intricacies, and their central role in daily lifefew 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 Chinas rush for resources across all regions of the world. The scale of Chinas 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 Britains transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860s and 1870s, 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 Chinas resource rush today. Although still in its early stages, already the breadth of Chinas operation is awesome, and seemingly unstoppable. Chinas global charge for commodities is a story of Chinas 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 Chinas resource grab in a world of diminishing resources.
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 Chinas leaders rushing to meet their countrys 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. Its a recipe for conflictand at a crucial moment for the future of the global economy.”
If Moyos calculations are correct, we are in big trouble which makes the central premise of her book, Winner Take All, all the more arresting.... To western eyes, Winner Take All makes for scary reading.”
Huntington News (Huntington, WV)
Winner Take All is an important book and should be read by everyone seeking to understand the importance of commodities in a world where population growth is outpacing the supply of the commodities needed to sustain life.”
The Financial Times
If we do have to face facts, Moyo is our woman. Winner Takes All would delight Gradgrind: it is peppered with nuggets and statistics, both macro and micro. One cannot accuse Moyo of failing to do her homework. So much has been packed into it that her book is impossible to read without learning something.... [Winner Takes All] is a warning of crippling resource scarcity.”
The Irish Examiner
In summary, Moyos argument is a captivating read based on many facts and independent reports but one which also reflects an externalised view considering that Dambisa Moyo has her origins in Lusaka, Zambia. If you want to know why certain things will happen then read this book today.”
[Moyos] sharp perceptions and lucid exposition merit the jacket blurb from Jim Rogers. You must read this book if you want to understand the reality of whats happening in the world today, says the investor who co-founded Quantum Fund with George Soros. Im afraid the West is going to wake up too late to prepare for the future.”
Provocative largely due to its gloomy vision of the future.... Though just 272 pages, Winner Take All is replete with illuminating facts and figuresincluding nuggets of information that keep the pages turning.... Thoroughly researched and alarmingly convincing, Winner Take All should serve as a warning of what might be in store down the road.”
[Moyo] pulls no punches in this investigation of Chinas global shopping spree for resources.”
Moyos aim is not so much to impress us with the well-worn thesis most have read before that China is industrialising at a breakneck rate. Rather, she aims in part to frighten; in its quest to satisfy the rising demands of 1.3 billion people, China is starting to exert an iron grip on the commodities market.”
Jonathan Fenby, The Observer/The Guardian (UK)
This book's overall message is one which certainly deserves greater attention that it generally receives.”
The Independent (UK)
She tells this story from a different perspective than most writers of the West, for she does see things in part from the standpoint of Africa.”
John Gibbs Blog
The book is both thought-provoking and instructive, even for readers who do not agree with the scarcity scenarios.”
Steven W. Mosher, The Washington Times
All over the world, China is snapping up mines, agricultural land and oil fields at a frenetic pace, often paying more considerably more than the going rate. The sheer scale of its purchases is astonishing.”
Asian Review of Books
[A] warning call by a celebrity intellectual, Winner Take All serves a useful purpose.”
Winnipeg Free Press (Canada)
While at heart a book of facts and figures, it is a warning to western governments and a source of valuable information to investors about where to hedge the commodity dollar of the future.”
Globe and Mail (Canada)
Moyo, a youthful emerging superstar among global-economy mavens, is... not afraid of controversy, as in her new book, a portrait of a world of shrinking resources and potential clashes over them: water, arable land, energy supplies.”
China Economic Review
Winner Take All is impressive in its scope, ranging from the current state of global resource demand and trends in Chinese acquisitions to how commodity trading works and future trends in the demand and supply of resources.”
Winner Take All, Dambisa Moyos new book on Chinas role in the current global resource race, is a... call to arms against a country that she sees as cannibalizing the worlds resources while others foolishly sleep.”
Winner Take All is well-researched and chock-full of information about the global commodities market. Its an important and worthwhile read that provides context for many current events and our world economyand if Moyos predictions turn out to be accurate, it will shed light on future political issues, too.”
Journal of International Affairs
The story of Chinas remarkable transformation over the past 30 years from an impoverished agrarian society into the worlds second largest economy has been extensively documented. Less attention, however, has been given to the consequences of the countrys breakneck growth rates on global commodity supply and demand.... Moyos book offers a useful primer on the policies China has adopted to satisfy its commodity demand, and the consequences of these policies for the rest of the world.”
[Moyo] does her homework, takes no ones word as gospel, considers all sides and makes a very persuasive and troubling case for the Chinese approach to resource security.”
Controversial and bestselling economist Dambisa Moyo tackles one of the most vital geopolitical stories of our time: China's aggressive global crusade to secure natural resources.
Hardly a day passes when newspaper headlines or media commentators dont scream warnings of impending doomshortages of arable land, clashes over water, and political Armageddon as global demand for fossil fuels far outstrips supplybut only one country appears to understand the importance of controlling these crucial assets: China. In Winner Take All, international economist and bestselling author Dambisa Moyo explains the implications of Chinas aggressive rush for resources around the world, a campaign that surpasses even the voracious demands for raw materials sparked by the Industrial Revolution. As Moyo compellingly argues, Chinas seemingly unstoppable drive will have global consequences for us all.
About the Author
An international economist and one of the worlds leading experts on macroeconomics and global affairs, in 2009 Moyo was named by Time as one of the 100 Most Influential People in the World,” and was named to the World Economic Forums Young Global Leaders Forum. Her writing regularly appears in economic and finance-related publications such as the Financial Times, the Economist, and the Wall Street Journal. In September 2009 Moyo was featured on Oprah Winfrey's Power List” of twenty remarkable visionaries. She has appeared as a guest CNN, CNBC, BBC, and Fox Business. She has done numerous speaking engagements at organizations including OECD, World Bank, IMF, Council on Foreign Relations, and the American Enterprise Institute. In 2009 she spoke at the TEDx conference at the EU Parliament. She holds a PhD in economics from Oxford and an MPA from Harvard. She lives in New York and London.