Winner Takes All: Dambisa Moyo


China is on a global shopping binge spending billions on everything from mountain-tops and minerals, from food to fuel, offering jobs, infrastructure and investment to countries as varied as Columbia and Kenya and Canada to supply China's swelling middle class. With Prime Minister Harper poised to trumpet closer market ties to China today, economist Dambisa Moyo offers her perspective. She sees a world-wide commodities shortage looming, one for which China is preparing aggressively. Are the rest of us asleep at the wheel? Or the spigot?

Part Two of The Current

Winner Takes All: Dambisa Moyo

Dambisa Moyo startled many readers with her controversial first book, Dead Aid. She argued foreign aid doesn't help Africa -- it hurts it and should be phased out. Some critics called the idea reckless, but Ms. Moyo has solid credentials and background as a Zambian-born, Oxford and Harvard educated economist. What's more, some African governments completely agreed with her arguments.

Now, Dambisa Moyo's spotted what she believes is another troubling trend. She believes only China has recognized that the relentless growth of the middle class will require vast resources. Beijing is making sure it's got the metal, the wood, the fuel, the water and the food to sustain its growth by chasing resources worldwide.

Dambisa Moyo is one of the world's most iconoclastic economists. Her new book is called Winner Take All: China's Race for Resources and What It Means for the World. She joined us in our Toronto studio.

This segment was produced by The Current's Chris Wodskou.

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