Download or read book Reflection Paper on China in the World Trading System written by Frederick M. Abbott and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's prospective membership in the World Trade Organization is one of the most significant developments relating to international institutions to take place in the past several decades. It comes in the midst of the broad transformation of post-World War II command economies to market orientation. It comes shortly after the transition of the GATT into a more comprehensive international economic organization, based on the rule of law. It represents the potential integration of over one-fifth of the world's population into the primary system established for the purpose of enhancing worldwide economic growth and employment. It will transform the WTO into an inclusive organization, and the WTO may become a less comfortable place from an OECD country standpoint than it has been for the past 50 years. China's prospective entry into the WTO is an opportunity and a challenge for China, for the United States and other industrialized states, and for the WTO. Despite grounds for concern, the advantages to the United States and other countries of bringing China into the WTO system seem obvious. China would agree to open its huge internal market to foreign goods and services. China would provide assurances of fair treatment to importers and foreign service providers. China would agree to be bound by the rule of law in the conduct of its trade relations. China would be anchored in the global economy in ways that would encourage stability in external security relations. On China's side, the advantages of membership in the WTO also seem obvious. As its economy gains strength and becomes more competitive with OECD economies, it would reduce the risk of being arbitrarily shut out of export markets. It would less likely be subject to ad hoc decisions by foreign governments about whether it would continue to enjoy trade privileges. The security of its access to foreign capital markets and foreign direct investment would be enhanced. It would have access to neutral dispute settlement. The integration of China into the WTO also means international economic relations will be playing a greater role in its external world view. Stable external economic relations are becoming increasingly important to the vitality of China's economy. Military-security relations and concerns of the Cold War era are being translated into economic relations and concerns. On the whole, this transition appears to be a positive one for the international community. There appears to be a consensus among United States and European Union trade negotiators strongly in favor of China's accession to the WTO, but on the condition that China accept the 'fundamental rules' applicable to WTO Members, and that China accept a level of commitments that 'is commensurate to the size and importance of that economy." This approach appears to have merit. The use of transitional arrangements intended to bring China's market access commitments in line with those of other major WTO economies appears to be a reasonable course. The OECD business community and financial markets are incessantly anxious for immediate results. Yet it is useful to recall that the member states of the European Economic Community agreed to liberalize the Community services market in 1957/58, and that major progress had been largely unrealized until implementation of the 1992 Plan. Whether China's services markets are open in 5 years, 10 years, or even 15 years, is not a burning question for the international economic system; provided that China is committed to meeting a defined timetable which ultimately produces a substantive result commensurate with that of other WTO Members. The end of the Cold War era is demanding more inclusive international economic institutions. The widening of membership in these institutions cannot be accomplished without some element of risk. This risk should be welcomed in a trade-off against the greater risk of isolating and alienating the major economic and political powers whose transition to market orientation may otherwise portend a very positive contribution to the international community.
Download or read book China and the World Trading System written by Deborah Z. Cass and published by Cambridge University Press. This book was released on 2003-03-06 with total page 469 pages. Available in PDF, EPUB and Kindle. Book excerpt: China, the world's sixth largest economy, has recently joined the rules-based international trading system. What are the implications of this accession? Leading scholars and practitioners from the US, Europe, China, Australia and Japan argue that China's membership will affect the WTO's decision-making, dispute resolution and rule-based structures. It will also spur legal and economic reform, have far-reaching social, political and distributional consequences in China, facilitate a new role for China in international geo-political affairs, and alter the shape, structure and content of the international trading system as a whole. Of interest to scholars of China, as well as trade lawyers and economists.
Download or read book China in the World Trading System Defining the Principles of Engagement written by Frederick M. Abbott and published by Springer. This book was released on 1998-04-29 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: Of Political Science, Asia/Pacific Research Center, Stanford University.
Download or read book China in the World Trading System written by John Whalley and published by . This book was released on 2005 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently, he holds a number of academic positions, including Professor of Economics and Director of the Centre for the Study of International Economic Relations at the University of Western Ontario, and Professor of International and Development Economics and Director of the Development and International Economics Research Centre at the University of Warwick. [...] He is also the Co-Director of the ESRC Centre for the Study of Globalization and Regionalization (CSGR), a Research Associate at the National Bureau of Economic Research in Cambridge, Massachusetts, and a former Visiting Fellow at the Institute for International Economics in Washington, D. C. Dr. [...] The country faces a range of trade policy issues that WTO accession has done little to address, including the growing use of dumping actions against China and the design of a global textile and apparel regime following the end of the Multifibre Arrangement (MFA). [...] Arguments have ranged from the need to have the security of firm Most Favoured Nation (MFN) benefits in place of previous, insecure arrangements (subject to periodic review and renewal) to the domestic uses of WTO membership by modernizers who desire genuine, market- based policy reform that would speed growth and reform and curb the power of provinces.5 At the conclusion of negotiations, parallel [...] China in the World Trading System |. 8 Presently, MFA importers seem content to allow the continuation of special selective safeguards to define the regime as formulated in the Uruguay Round under the Agreement on Textiles and Apparel that terminated the MFA.
Download or read book China and the International Trading System written by P. Sheard and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China and the Long March to Global Trade written by Alan S Alexandroff and published by Routledge. This book was released on 2002-10-03 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: On December 11th 2001, China joined the World Trade Organization (WTO). This book examines the Prolonged negotiations leading up to this historic event.
Download or read book China and the World Trading System written by Aaditya Mattoo and published by . This book was released on 2017 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The World Trade Organization has been until recently an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the largest shifts in the international economic and trading system: the rise of China. Although China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. The first is a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broadly non-discriminatory trading order.
Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Download or read book Schism written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-10 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.
Download or read book Reforming the World Trading System written by Ernst-Ulrich Petersmann and published by . This book was released on 2005 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume provides discussion and policy recommendations by leading WTO negotiators and policy-makers, and analysis by leading economists, political scientists and trade lawyers on the major subjects of the Doha Round negotiations. Over 30 contributors explore the complexity of the world trading system and of the WTO negotiations for its reform from diverse political, economic and legal perspectives.
Download or read book China s Integration into Global Trading System and its Implications for India written by Dr. Neeraj Aswal and published by HCTL Open Publications Solutions, India. This book was released on 2014-05-30 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: HCTL Open Thesis and Dissertation Repository (HCTL Open TDR) is an International, Open-Access, Multi-disciplinary, Online Repository of Thesis, Dissertations, Students and Organizational Reports. HCTL Open TDR is published by HCTL Open Publications Solutions, India. - Get more at: http://tdr.hctl.org/
Download or read book China and the World Trade Organization written by Centre for Trade Policy and Law and published by Centre for Trade Policy and Law = Centre de droit et de politique commerciale. This book was released on 1996 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the back cover: In order to examine and analyze the issues relating to China's membership in the GATT/WTO, the opportunities and challenges posed by the China's participation in the world trade system, and the impact on China's economic development and trade relations, a three-year research project was undertaken...This volume reports the results of this project. The 11 chapters cover the legal, economic, and political issues behind China's GATT membership; implications of the WTO agreement on China's participation; the ramifications of GATT membership on China's agriculture, textiles, services, and other selected industries; recent reforms in China's trade and payment regimes; key policy issues relating to intellectual property rights' protection in China and trade-environment issues in the WTO which could affect China; plus lessons from other countries' experiences with GATT membership. The research papers are summarized in the introductory chapter.
Download or read book China and East Asia Trade Policy China and the world trade system written by Gary Anson and published by . This book was released on 1995 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China Versus the US the Chinese Challenge to the World Trading System written by and published by Matt Buttsworth. This book was released on with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book World Trade Organisation and China written by Michael Wittmann and published by GRIN Verlag. This book was released on 2018-04-18 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Economics - International Economic Relations, grade: 1,7, University of Applied Sciences Zwickau, language: English, abstract: After years of economic stagnation and misgovernment during the entire Mao era, China finally made its first steps, in the late 1970 ́s, to a better economic development. Deng Xiao Ping ́s economic reforms and Chinas opening to the rest of the world, enhanced China into a Game changer and economic super power within the last 30 years. To understand and comprehend the enormous economic, cultural and political development, which China went through in such a rapid time, this paper points out the major factors and driving force behind it. Also it elucidates future developments and major projects which will have a great effect on Chinas economy. In the following pages, we will head to the major issues which China had to face and still faces today. First of all, the entry of China into the World Trade Organization and its long way till there. Which effects did this great step have for the Chinese economic growth and what are the future prognosis? How did the whole process take place and which threats is it still facing? Which benefits were achieved and which developments did they go through? How was China integrated in to the Coalition and what is the role allocation? And off course the Chinese Currency and its development will be looked at. All these significant subjects will be discussed profound and step by step in the next pages. The aim is to get a broad overview over the backgrounds of the opening of the Dragon and also its impact on world economy. Interesting details and apposite illustrations, will make this rather multifaceted topic intelligible and comprehensible.
Download or read book China Under Hu Jintao written by Tun-jen Cheng and published by World Scientific. This book was released on 2006 with total page 431 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fourth generation of leaders of the People's Republic of China, while benefiting from the prestige of China's entry into the World Trade Organization and the honor of hosting the 2008 Olympic Games, also needs to contemplate the sobering side-effects of a rapid and internationally-interdependent economy and a troubled and only partly reformed political system.This important book approaches the study of the PRC under Hu Jintao in a two-fold manner: by examining the new political parameters within which the party-state functions and by analyzing the prominent issues ? at home and abroad ? that are commanding the attention of China's new leaders. The book tackles a comprehensive range of topics, including elites, institutions and state-society relations, politics and the political implications of economic change, domestic politics and foreign relations.
Download or read book The China US Trade War written by Guoyong Liang and published by Taylor & Francis. This book was released on 2020-06-10 with total page 113 pages. Available in PDF, EPUB and Kindle. Book excerpt: An unprecedented trade war broke out between the world’s two largest economies in 2018 and escalated subsequently. It is the first major economic conflict to occur in the era of globalization, with its aftermath going far beyond trade. The trade war weighs heavily on China and the United States and threatens the world economy and the global trading system. This book provides a timely account of the China–US trade war with insights into its causes and consequences. Examining through the lenses of both history and theory, it analyzes the context and causes of the trade war, the intertwined processes of tariff combat and trade negotiations, and the impacts on international trade, foreign direct investment, macroeconomic performance and firm behaviour. It also addresses the long-term strategic and geopolitical implications of the ongoing trade and economic confrontation. This book will appeal to those interested in international economics and politics, global governance and development.
