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In
China's Vulnerability Paradox, Pascale Massot presents an original framework to examine the uneven transformations in global commodity markets resulting from the dramatic, contemporary expansion of China's economy. While one might expect China to be able to easily exert power in these markets, Massot argues that China is actually quite vulnerable to external forces. She zeros in on the relative position of China's market power across numerous major commodities: in ore, potash, uranium, and copper. At a time of deepening US-China tensions and debates about the future of the global economy, this book provides an alternative understanding of the dynamics connecting the domestic political economy of large emerging economies and that of global markets.
List of contents
- Tables
- Figures
- Chapter 1: Introduction
- Chapter 2: Global and Chinese Commodity Markets: Taking Variation Seriously
- Chapter 3: Explaining Change in Global Market Institutions
- Chapter 4: China's Impact on the Global Iron Ore Market
- Chapter 5: China's Impact on the Global Potash Market
- Chapter 6: China's Impact on the Global Markets of Uranium and Copper
- Conclusion
- Appendix 1: Data
- Notes
- Bibliography
- Index
About the author
Pascale Massot is an assistant professor at the University of Ottawa's School of Political Studies. In 2022, she was a member of the Canadian Minister of Foreign Affairs' Indo-Pacific Advisory Committee, which advised the Minister on Canada's recently published Indo-Pacific Strategy. She also served as the Senior Advisor for China and Asia in the office of various Canadian Cabinet ministers, including the Minister of Foreign Affairs and the Minister of International Trade, at different points between 2015 and 2021. Her research focuses on the global political economy of China's rise, China's impact on global commodity markets, Canada-China and Canada-Asia relations, as well as Canadian public opinion of China. Pascale Massot was the 2014-2015 Cadieux-Léger Fellow at Global Affairs Canada. She was a visiting PhD candidate at Peking University's Center for International Political Economy. She has a Ph.D. in political science from the University of British Columbia.
Summary
China's Vulnerability Paradox explains the uneven transformations in global commodity markets resulting from China's contemporary, dramatic economic growth. At times, China displays vulnerabilities towards global commodity markets because of unequal positions of market power. Why is it that Chinese stakeholders are often unable to shape markets in their preferred direction? Why have some markets undergone fundamental changes while other similar ones did not? And how can we explain the uneven liberalization dynamics across markets? Through a series of case studies, Pascale Massot argues that the balance of market power between Chinese domestic and international market stakeholders explains their behavior as well as the likelihood of global institutional change. At a time of deepening US-China economic tensions, this book provides an alternative, granular understanding of the interacting dynamics between the political economy of Chinese and global markets.
Additional text
It is a must read for those interested in the political economy of the global commodity markets. Accessible to most audiences and suitable as an undergraduate textbook.
