Nicholas JepsonFeb 17, 2021
In China's Wake
How the Commodity Boom Transformed Development Strategies in the Global South
Columbia University Press 2019
From 2002 to 2013, China’s rapid economic growth caused a boom in the prices of commodities—particularly of metals, fuel, and soybeans. According to political economist Dr. Nick Jepson, the commodity boom offered resource exporters in the Global South the financial resources and thus the opportunity to break away from international financial institutions like the International Monetary Fund and set their own policy agendas. But not all resource-exporting countries that benefited from the commodity boom took this path away from neoliberalism.
In his new book In China’s Wake: How the Commodity Boom Transformed Development Strategies in the Global South (Columbia University Press 2020), Jepson uses fieldwork, interviews, and qualitative comparative analysis (QCA) to identify and describe five typologies of resource exporters during the boom and the factors that contributed to differing development strategies and trajectories. China’s rise has had profound consequences on the processes of global capitalism, and this can be observed most clearly in the fortunes of commodity-exporting countries of the Global South. In China’s Wake explores fascinating case studies of countries in Asia, Latin America, and Africa to demonstrate the wide-ranging impact of China’s growth.
Laurie Dickmeyer is an Assistant Professor of History at Angelo State University, where she teaches courses in Asian and US history. Her research concerns nineteenth-century US-China relations. She can be reached at email@example.com and on Twitter @LDickmeyer.