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Print Price: $118.95

Format:
Hardback
320 pp.
48 b/w figures; 24 tables, 235 mm x 156 mm

ISBN-13:
9780197771396

Publication date:
April 2024

Imprint: OUP US

Chinas Vulnerability Paradox

How the World's Largest Consumer Transformed Global Commodity Markets

Pascale Massot

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.

Readership : Students and scholars of China, international relations, and international political economy.

Reviews

"Pascale Massot has written a very carefully researched and conceptually innovative analysis of China's impact on commodity markets. She shows that the Chinese Communist Party's presence in the domestic economy does not lead to uniformly non-market outcomes. Rather competing interests within China have varying effects on external and internal markets--sometimes these effects are even liberalizing ones. Massot's deep dive into the heterogenous nature and effects of these internal interests challenges the naive view in much discourse these days that the Communist Party imposes uniform preferences on all actors."
--Alistair Iain Johnston, Harvard University
"Why is China unable to effect desired changes in the global commodity market despite being the largest player? In this thorough and informative book on a topic pertinent to all countries, Pascale Massot unpacks the mix of domestic and international factors behind 'China's vulnerability paradox.' The author delivers valuable insights on the reach and limits of China's global influence."
--Yuen Yuen Ang, Johns Hopkins University
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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

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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.

Collaborative Advantage - Jonas Nahm

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