
The modern world is built on commodities - from the oil that fuels our cars to the metals that power our smartphones.We rarely stop to consider where they have come from. But we should.In The World for Sale, two leading journalists lift the lid on one of the least scrutinised corners of the world economy: the workings of the billionaire commodity traders who buy, hoard and sell the earth's resources.It is the story of how a handful of swashbuckling businessmen became indispensable cogs in global markets: enabling an enormous expansion in international trade, and connecting resource-rich countries - no matter how corrupt or war-torn - with the world's financial centres.And it is the story of how some traders acquired untold political power, right under the noses of western regulators and politicians - helping Saddam Hussein to sell his oil, fuelling the Libyan rebel army during the Arab Spring, and funnelling cash to Vladimir Putin's Kremlin in spite of western sanctions.The result is an eye-opening tour through the wildest frontiers of the global economy, as well as a revelatory guide to how capitalism really works.
This book investigates the opaque and influential world of global commodity traders who control the flow of essential resources across international borders. Authors Jack Farchy and Javier Blas, both veteran journalists specializing in energy and commodities, utilize years of investigative reporting and industry interviews to map the rise of private trading houses. They argue that these entities operate as the invisible backbone of the global economy, often bypassing traditional regulatory frameworks to facilitate trade in volatile or sanctioned regions.
What You Will Find
Scope Limits
Experts and financial journalists frequently cite this work as a definitive account of a previously under-documented sector of the global economy. Readers often note the narrative clarity of the prose, which makes complex financial and geopolitical maneuvering accessible to a general audience.
Page Count:
417
Publication Date:
2021-01-01
Publisher:
Oxford University Press
ISBN-10:
0190078979
ISBN-13:
9780190078973
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