The impact of China on global commodity prices : the global reshaping of the resource sector / Masuma Farooki and Raphael Kaplinsky

Author(s): Farooki, Masuma, 1976-
Location:
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Subjects: Prices
Cost and standard of living
Globalization
China--Economic conditions--2000-
Formats: Print
Material Type: Books
Language: English
Audience: Unspecified
Published: London ; New York : Routledge, 2012
Series: Routledge studies in global competition 57
Studies in global competition 57
LC Classification: H, HD
Physical Description: xxi, 207 p. : ill. ; 24 cm
Table of Contents: List of figures xiii
List of tables xvi
Acknowledgements xviii
List of acronyms xx
1.. Back to centre-stage 1
From periphery to centre-stage 12
Dispute amongst the aliens 20
2.. A new driver in the global economy 22
Miracle economies in the twentieth century 22
China as a driver economy 24
The global impact of driver economies 35
The primary vectors of China's interaction with the global economy 38
China has gone global 46
3.. Commodities and economic growth 47
What is a commodity? 47
Why are commodities important for economic development? 50
What, if anything, has changed? 65
4.. China as a driver of demand for commodities 70
Existing patterns of resource use by China 71
The dynamics of China's use of global commodities 77
What explains China's resource-intensive growth path? 84
China's industrial footprint makes heavy demands of commodities 103
5.. A lagged supply response and the impact on commodity prices 104
The determinants of supply response: a general framework 104
The determinants of the supply response in the soft commodities sectors 111
The determinants of the supply response in the hard commodities sectors 117
The determinants of the supply response in the energy commodities sectors 129
The determinants of the supply response in commodities sectors: a synthetic overview 139
6.. The financialisation of the commodities sectors 144
Financialisation in the late twentieth century 145
The financialisation of the commodities sectors 149
7.. How are stakeholders responding to the commoditiessuper-cycle? 163
Stakeholder responses in the soft commodities sector 163
Stakeholder responses in the hard commodities sector 167
Stakeholder responses in the energy commodities sector 174
Stakeholder responses to rising prices: an overview 177
8.. The reshaping of the natural resources sector 180
Seven important lessons 180
Seven important questions 185
Bibliography 194
Index 204
Additional Authors: Kaplinsky, Raphael
Notes: LCCN: 2011021720
ISBN: 9780415597890 (hb : alk. paper)
ISBN: 0415597897 (hb : alk. paper)
ISBN: 9780203155912 (eb : alk. paper)
ISBN: 0203155912 (eb : alk. paper)
ISBN: 9780415556866 (hb : alk. paper)
ISBN: 0415556864 (hb : alk. paper)
Includes bibliographical references (p. [194]-203) and index
Contents: Back to centre-stage -- A new driver in the global economy -- Commodities and economic growth -- China as a driver of demand for commodities -- A lagged supply response and the impact on commodity prices -- The financialisation of the commodities sectors -- How are stakeholders responding to the commodities super-cycle? -- The reshaping of the natural resources sector
OCLC Number: 730114029
ISBN/ISSN: 9780415597890
0415597897
9780203155912
0203155912
9780415556866
0415556864