Overview

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.

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9780197771396

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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 * A clearly written, comprehensive analysis of one of the key aspects of China's rise in the last two decades * its enormous impact on the global markets in iron ore, potash, and other commodities. This is an area where the country has risen to number one in a very quick time. Far from this demonstrating hegemonic characteristics, however, Pascale Massot's book illustrates China as a complex, often contradictory power, within a context in which its newly found dominance is also a source of constant stress and questions. This study sheds light on the nature of global markets, the ways in which China behaves as much in an unplanned as a structured way, the emerging structure of the global economy and the complex interaction between different state and non-state actors within the Chinese economy itself. Almost certain to become the standard work on this issue for the years ahead.Kerry Brown, Professor of Chinese Studies and Director, Lau China Institute, King's College, London *

Author Information

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.

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