The Politics of China's Accession to the World Trade Organization
The Politics of China's Accession to the World Trade Organization

Author: Hui Feng

Publisher: Taylor & Francis

Published: 2006

Total Pages: 224

ISBN-13: 9780415369213

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Grounded on a series of first-hand interviews with Chinese government officials, this book examines China's accession to the World Trade Organization, providing an 'inside' look at Chinese WTO accession negotiations. Presenting a systematic political economy model in analyzing Beijing's decision-making mechanisms, the book argues that China's WTO policy making is a state-led, leadership driven, and top-down process. Feng explores how China's determined political elite partly bypassed and partly restructured a largely reluctant and resistant bureaucracy, under constant pressure from an increasingly globalized international system. By addressing China's accession to the WTO from a political analysis perspective, the book provides a theoretically informed and intriguing examination of China's foreign economic policy making regime. The book highlights contemporary debates relating to state and institutionalist theory and provides new and useful insights into a significant development of this century.

China's Accession to the World Trade Organization
China's Accession to the World Trade Organization

Author: Heike Holbig

Publisher: Psychology Press

Published: 2002

Total Pages: 336

ISBN-13: 9780700716616

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With China's accession to the World Trade Organization imminent, this book brings together the expert views of scholars, policy-makers and business representatives on the consequences of this historic event. Insight into the past and future of China's relationship to the WTO is offered by authors involved on both sides of the negotiations on the EU-China bilateral agreement of May 2000 and the on-going negotiations up to spring 2001. An analyst and representatives from four economic sectors (the automobile industry, telecommunications, insurance and banking) clash over their predictions for the future. Also presented is an investigation of the challenges for China's political, social and legal systems, and revealing prognoses are given for the implications for global trade and investment flows for the EU and Greater China, and for the modus operandi of the WTO itself. By shedding light on economic effects and social and legal implications, the book gives a comprehensive picture of potential challenges arising from China's entry to the WTO.

China, Trade and Power: Why the West’s Economic Engagement Has Failed
China, Trade and Power: Why the West’s Economic Engagement Has Failed

Author: Stewart Paterson

Publisher: London Publishing Partnership

Published: 2018-10-18

Total Pages: 175

ISBN-13: 1907994823

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From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party’s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China’s accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China’s mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.

China's Integration with the Global Economy
China's Integration with the Global Economy

Author: Chunlai Chen

Publisher: Edward Elgar Publishing

Published: 2009-01-01

Total Pages: 239

ISBN-13: 1848449097

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This comprehensive collection provides a remarkable wealth of information and a timely assessment of China's economic development and integration with the global economy after WTO accession. Chunlai Chen brings together a distinguished group of scholars who employ economic theories, econometric modelling techniques and the latest statistics to analyze many important issues. These hotly debated topics include China's economic growth, international trade, regional trade arrangements, foreign direct investment, banking sector liberalization, exchange rate reform, agricultural trade and energy demand. Aimed at an international audience, this highly focused book will be of great benefit to academics and postgraduate students involved in Chinese economy and business studies, as well as researchers in international trade and foreign investment.--Publisher.

China and the WTO
China and the WTO

Author: Supachai Panitchpakdi

Publisher: John Wiley & Sons

Published: 2002-01-25

Total Pages: 268

ISBN-13:

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This work analyses the implications for world trade of China's entry into the World Trade Organization. It has taken fifteen long years of dialogue and heated debate and it will take its place among the other members at the end of 2001. This momentous event is relayed by the next WTO Chairman.

China and Global Trade Governance
China and Global Trade Governance

Author: Ka Zeng

Publisher: Routledge

Published: 2013-12-13

Total Pages: 332

ISBN-13: 1136161821

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China's historic accession to the World Trade Organization (WTO) in November 2001 not only represents an important milestone in the country’s transition to a market economy and integration into the global economy, but is also among the most important events in the history of the WTO and the multilateral trading system. China and Global Trade Governance: China's First Decade in the World Trade Organization provides us with some fresh empirical data to assess the country’s behaviour in the liberal international economic regime. Such an assessment is both timely and necessary as it can help us better understand China’s role in the evolving structure of global economic governance, in addition to shedding light on the broader debate about the implications of the rise of China for the international system. Through a thorough examination of China’s WTO compliance record and its experience in multilateral trade negotiations, this book seeks to better understand the sources of constraints on China’s behaviour in the multilateral trade institution as well as the country’s influence on the efficacy of the World Trade Organization. In doing so, this project speaks directly to the following questions raised by China’s unprecedented ascent in the international system: Is China a rule maker, rule follower, or rule breaker in international regimes? Is Beijing a responsible stakeholder capable of making positive contributions to global trade governance in the long-term?

Handbook on China's Wto Accession and Its Impacts
Handbook on China's Wto Accession and Its Impacts

Author: Cheong Ching

Publisher: World Scientific

Published: 2003

Total Pages: 468

ISBN-13: 9789812775634

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This handbook highlights the important commitments that China has made to the international community and analyzes the potential impact of such commitments on China. Part I of the book outlines China's commitments to convert her economy from a centrally planned one to a free market one as far as cross-border movement of goods, services and personnel is concerned. It reproduces China's commitments in a tabular format to facilitate reading, and is supplemented with brief references to WTO regulations where appropriate so that readers get to know how China's commitments relate to WTO obligations. Part II examines the impacts of China's WTO membership as a whole and on her specific economic sectors. Part III consists of tables and figures selected from a report compiled by the US General Accounting Office, presenting some of the Office's analysis and findings of China's commitments on WTO accession. Appendix 1 lists all the legal instruments pertaining to China's accession to the WTO.

Integrating China into the Global Economy
Integrating China into the Global Economy

Author: Nicholas R. Lardy

Publisher: Rowman & Littlefield

Published: 2004-05-13

Total Pages: 266

ISBN-13: 9780815798699

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China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading country while avoiding these constraints by remaining outside the system? The answer to this question forms the basis for this new book. Nicholas Lardy explores the many pressures on the Chinese government, both external and internal, to comply with the standards of the rule-based international trading system. Lardy points out that, prior to entry into the WTO, China enjoyed high growth rates and more foreign direct investment than any other emerging economy. He draws on a wealth of scholarship and experience to explain how China's leadership expects to leverage the increased foreign competition inherent in its WTO commitments to accelerate its domestic economic reform program, leading to the shrinkage and transformation of inefficient, money-losing companies and hastening the development of a commercial credit culture in its banks. Lardy answers a number of other questions about China's new WTO membership, including its effects on bilateral trade with the United States; the possibility that China will use its power to reshape the WTO in the future; the degree to which the terms of China's entry were more or less demanding than those for other new members; the ability of China's economy to successfully open to new imports; and the prospects for new growth in various sectors of China's economy made possible by WTO accession. This book will become an important tool for those who wish to understand China's new role in the global trading system, to take advantage of the new opportunities for investment in China

Wto Accession and Socio-Economic Development in China
Wto Accession and Socio-Economic Development in China

Author: Parikshit Basu

Publisher: Chandos Publishing

Published: 2009-06-15

Total Pages: 248

ISBN-13:

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This book reviews how China's accession to the WTO has impacted upon its education, environment, economic and social outcomes in recent years. It has been argued that China's rapid growth in output and exports and subsequent accession to WTO has significantly increased income and therefore the well-being of the Chinese population. However, doubts are now being raised that higher income is generated at the cost of deteriorating environmental and social standards which has increasingly affected the health of the Chinese people, especially those who live in major industrial cities. Also, there is a widespread perception that its accession to WTO has significantly increased social shocks, especially among the farming community, and contributed to poor health outcomes among the rural population. These issues are critically analysed in this book by experienced academics from China and Australia. Includes contributions from Australian and Chinese scholars and thus, brings together ideas and suggestions from a broad range of perspectives Analyses China's socio-economic challenges from a multi-dimensional focus A very useful reference in WTO issues in general and China in particular

Hong Kong in the Shadow of China
Hong Kong in the Shadow of China

Author: Richard C. Bush

Publisher: Brookings Institution Press

Published: 2016-10-11

Total Pages: 255

ISBN-13: 0815728131

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A close-up look at the struggle for democracy in Hong Kong. Hong Kong in the Shadow of China is a reflection on the recent political turmoil in Hong Kong during which the Chinese government insisted on gradual movement toward electoral democracy and hundreds of thousands of protesters occupied major thoroughfares to push for full democracy now. Fueling this struggle is deep public resentment over growing inequality and how the political system—established by China and dominated by the local business community—reinforces the divide been those who have profited immensely and those who struggle for basics such as housing. Richard Bush, director of the Brookings Institution’s Center on East Asia Policy Studies, takes us inside the demonstrations and the demands of the demonstrators and then pulls back to critically explore what Hong Kong and China must do to ensure both economic competitiveness and good governance and the implications of Hong Kong developments for United States policy.