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Read online Elizabeth Economy - By All Means Necessary : How China's Resource Quest Is Changing the World TXT

9780199921782
English

0199921784
China's spectacular rise over the past three decades is nothing short of monumental, and is one of the most important events in modern history. Its economic growth affects nations around the world, environmentally, politically and militarily. In By All Means Necessary, Elizabeth Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and what has been required to sustain this meteoric growth. In the past twenty five years China has transformed from an impoverished country where peasants comprised the largest portion of the populace, by far, to a country of innovation, entrepreneurs and moremillionaires than anywhere else in the world. In the beginning, that growth was fueled by internal resources, but like every other major power in modern history China was forced to look outward to find the massive quantities of resources needed to maintain their economic expansion. It is now engaged in a far flung quest around the world for fuel, water, and land for farming, while their military secures sea lanes and focuses on advanced military technologies to protect their interests abroad.Clear, authoritative, and provocative, By All Means Necessary is a comprehensive account of where China's pursuit of raw materials may take them in the coming years-a crucial issue, not just for China, but for the wholeworld.Readership: General readers interested in China and the economics and politics of natural resources, In the past thirty years, China has transformed from an impoverished country where peasants comprised the largest portion of the populace to an economic power with an expanding middle class and more megacities than anywhere else on earth. This remarkable transformation has required, and will continue to demand, massive quantities of resources. Like every other major power in modern history, China is looking outward to find them. In By All Means Necessary, Elizabeth C. Economy and Michael Levi explore the unrivaled expansion of the Chinese economy and the global effects of its meteoric growth. China is now engaged in a far-flung quest, hunting around the world for fuel, ores, water, and land for farming, and deploying whatever it needs in the economic, political, and military spheres to secure the resources it requires. Chinese traders and investors buy commodities, with consequences for economies, people, and the environment around the world. Meanwhile the Chinese military aspires to secure sea lanes, and Chinese diplomats struggle to protect the country's interests abroad. And just as surely as China's pursuit of natural resources is changing the world--restructuring markets, pushing up commodity prices, transforming resource-rich economies through investment and trade--it is also changing China itself. As Chinese corporations increasingly venture abroad, they must navigate various political regimes, participate in international markets, and adopt foreign standards and practices, which can lead to wide-reaching social and political ramifications at home. Clear, authoritative, and provocative, By All Means Necessary is a sweeping account of where China's pursuit of raw materials may take the country in the coming years and what the consequences will be--not just for China, but for the whole world., The explosive growth of China's economy over the past quarter century has been one of the most important events in contemporary times. In short order, China transformed from an impoverished, backward country in which peasants comprised the largest portion of the population (by far) into anindustrial dynamo that rivaled only nineteenth century Britain and twentieth century America in its world-historical economic impact. Yet like virtually every other major power in modern history that experienced such high growth rates, China eventually had to turn outward to seek the fuel it neededto sustain its turbo-charged economy. While at first it could rely on domestic resources to grow its industries, the staggering expansion of its industrial base in the past fifteen simply overwhelmed its ability to sustain its meteoric growth. Like its American imperialist predecessors in Europe and North America, the People's Republichas embarked on a massive natural resource quest in order to maintain its growth trajectory, and its firms (generally state-owned) are now engaged in a full-scale campaign to extract resources from all corners of the earth. In By All Means Necessary, eminent China scholar Elizabeth Economy and her colleague Michael Levi provide a comprehensive account of the topic and also consider where China's pursuit of raw materials may take that nation in coming years. They proceed in logical steps. They begin with the necessarybackground (the Deng era) and then move to the dirty business of basic extraction (mining). After detailing China's mining drive in East Asia, Africa, and Latin America - the materials that allow for manufacturing growth in the first place - they move on to the PRC's quest for fuel, water, and landfor farming, all of which are required for sustaining growth. The logical next step for a nation with a powerful global economic reach is ensuring its own security, and they close by charting how China's military is now trying to secure sea lanes and acquire advanced military technology. This is a clear, authoritative, and provocative overview of an issue thatis crucial not just for China, but for the world as well.

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