Fuelling the dragon : natural resources and China’s development
Author: .
, . August 2012. "Fuelling the dragon : natural resources and China’s development." Special Report 71. Johannesburg: http://www.thebrenthurstfoundation.org/workspace/files/special-report-fuelling-the-dragon.pdf
Abstract
From 17 to 19 may 2012, the Australian Strategic Policy
Institute and the Johannesburg-based Brenthurst
Foundation co-hosted a major international dialogue on
natural resource demand and China’s economy.
held at
the r
oyal Zambezi Lodge on the Zambezi river in Zambia,
the event brought together experts and policymakers
from Africa, Australia, Latin America and elsewhere,
including Nigeria’s former president, Olusegun Obasanjo,
and senior Australian members of parliament, Senator
David Feeney and the hon Julie Bishop mP.
Neither Africa, nor Australia, nor Latin America
has much (if any) control over the future trajectory of
China’s energy demand. In that sense, all resource-based
economies reliant on exports to China are in the same
boat. The end of the good times may not yet be nigh,
but China’s current appetite for resources will eventually
abate – and that could happen with cruel suddenness.
This Dialogue examined countries that have used their
natural resources wisely to develop their human capi
-
tal, build resilience and diversify their economies – and
those that have not.
it concluded that, to be able to
withstand any downturn in Chinese demand, this latter
group, comprised mainly of African countries, had better
start paddling quickly, or the shock may be too much to
bear.
Four of the papers presented at the dialogue are
reprinted in full here.
Key highlights from the discussions are included in
this Introduction and in the conclusion.Published: August 2012Typ: report