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- Title
Transforming natural resources into industrial advantage: the case of China's rare earths industry.
- Authors
DE MEDEIROS, CARLOS AGUIAR; TREBAT, NICHOLAS M.
- Abstract
This paper analyzes the development of China's rare earths industry, emphasizing the role of state technological initiatives in the country's transition from rare earth exporter to large industrial consumer of these raw materials. Like other industrial powers before it, China takes advantage of low-cost domestic supplies of strategic raw materials to promote higher value-added manufacturing. We argue that, in the case of rare earths, this strategy has been largely successful, disrupting a classic international division of labor that existed prior to 2000, in which China exported most of its rare earth output to wealthy countries, and transforming Chinese firms into exporters of more sophisticated downstream products.
- Subjects
RARE earth industry; NONFERROUS metal industries; NONRENEWABLE natural resources industries; RAW material supply &; demand; RARE earth metals
- Publication
Brazilian Journal of Political Economy / Revista de Economia Política, 2017, Vol 37, Issue 3, p504
- ISSN
0101-3157
- Publication type
Article
- DOI
10.1590/0101-31572017v37n03a03