And the winner is? – China.
Winner take all is the title of the book published in June 2012 by the Zambian author and economist Dambisa Moyo. She has already written two other titles which became bestsellers: Dead Aid and How the West was lost.
In Dead Aid, according to Kofi Annan, former UN Secretary-General, “Dambisa Moyo makes a compelling case for a new approach in Africa. Her message is that “Africa’s time is now”. It is time for Africans to assume full control over their economic and political destiny. Africans should grasp the many means and opportunities available to them for improving the quality of life. ”
The author draws “sharp contrast between African countries that have rejected the aid route and prospered and others that have become aid-dependent and seen poverty increase.” She additionally “illuminates the way in which over-reliance on aid has trapped developing nations in a vicious circle of aid dependency, corruption, market distortion, and further poverty, leaving them with nothing but the “need” for more aid.”
How the West was lost on its part “exposes the policy myopia of the West that has led it onto a path of economic decline but also reveals the crucial—and radical—policy actions that must be taken to stem this tide.”
China becomes the convincing winner in Dambisa Moyo’s latest publication. In the relation of supply and demand for commodities, as time passes, key drivers appear being better managed by China than by any over economic global powerhouse.
The supply elements include arable land of which Africa has the largest unused, water, energy and minerals; whereas the demand’s key drivers are population growth, wealth increase and urbanisation.
In Winner take all, the picture that Dambisa Moyo paints looks generally bleak. According to the author, the world should expect shortages in the commodities markets. And they have the potential to dramatically affect our lives. China in all this seems to be the one and only big country understanding the importance of controlling these crucial assets.