China's entry into the WTO and its impact on the global economic system

doi:10.1017/CBO9780511720857.004

3 - China's entry into the WTO and its impact on the global economic system

Published online by Cambridge University Press: 05 August 2012

Koich Hamada

Edited by

Mike Moore

Show author details

Koich Hamada: Affiliation:
Yale University
Mike Moore: Affiliation:
World Trade Organization

Book contents

Get access

Summary

See the waters of the Yellow River leap down from Heaven,

Roll away to the deep sea and never turn again!

At the Yellow-Crane pagoda, where we stopped to bid adieu,

The mists and flowers of April seemed to wish good speed to you.

At the Emerald Isle, your lessening sail had vanished from my eye,

And left me with the River, rolling onward to the sky.

Introduction

China was one of the cradles of human civilization; it has been the centre of Asian civilization for thousands of years. It is an immense country, as the two poems by Li Po (Li Bai) quoted above illustrate. The first poem refers to the Huang He (the Yellow River) and the second to the Chang Jiang (the Yangtze River). Chinese culture is ubiquitous in Asia, whether in terms of art, written characters, classical literature and, of course, food. The entrepreneurship of the overseas Chinese has made them successful wherever they have settled. Thus as it enters the WTO, China must be viewed in the context of Heaven (time), Earth (space) and Man (human organization).

First, China's entry into the WTO marks a unique epoch. Until the nineteenth century, Asian history could be regarded as revolving around China. But the Second World War and the socialist revolution interrupted the full participation of China in the world trading system.

Type: Chapter
Information: Doha and Beyond
The Future of the Multilateral Trading System
, pp. 26 - 45

DOI: https://doi.org/10.1017/CBO9780511720857.004 [Opens in a new window]

Publisher: Cambridge University Press

Print publication year: 2004

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Book purchase

Temporarily unavailable

References

Abe, K. and S. Urata (eds.), 2002. China's Entry to the WTO and the Future of Trade among Japan, China and Korea, Tokyo, Nihon-Keizai-Hyoron-Sya

Barfield, C. E., 2001. Free Trade, Sovereignty, Democracy: The Future of the World Trade Organization, Washington, DC, AEI Press

Bhagwati, J., 1958. ‘Immiserizing Growth: A Geometrical Note’, Review of Economic Studies, 25, pp. 201–5CrossRef Google Scholar

Bhagwati, J. 2002. Free Trade Today, Princeton, Princeton University Press

Bhagwati, J. and T. N. Srinivasan, 1983. Lectures on International Trade, Cambridge, MA, MIT Press

Bhattasali, D. and M. Kawai, 2002. ‘Implications of China's Accession to the World Trade Organization’, in H. G. Hilpert and R. Haak (eds.), Japan and China, New Yorks, Palgrave

Chin, J. and G. M. Grossman, 1990. ‘Intellectual Property Rights and North–South Trade’, in R. W. Jones and A. O. Krueger (eds.), The Political Economy of International Trade, Cambridge, MA, Basil Blackwell

Deardorff, A. V., 1991. ‘Welfare Effects of Global Patent Protection’, Economica, 59Google Scholar

Deardorff, A. V. 1993. ‘Economic Perspectives on Antidumping Law’, Chapter 6 in R. M. Stern (ed.), The Multilateral Trading System, Michigan, University of Michigan Press

Dornbusch, R., Fischer, S. and Samuelson, P. A., 1977. ‘Comparative Advantage, Trade and Payments in a Ricardian Model with a Continuum of Goods’, American Economic Review, 67, pp. 823–39Google Scholar

Grossman, G. M. and E. Lai, 2001. ‘International Protection of Intellectual Property’, Princeton University Working Paper

Hamada, K., 1974. ‘An Economic Analysis of the Duty-Free Zone’, Journal of International Economics, 4CrossRef Google Scholar

Ichimura, S., 2002. ‘On the Difficulties that China Faces’, Tokyo

Jackson, J. H., 1997. The World Trading System, Cambridge, MA, MIT Press, rev. edn.

Johnson, H. G., 1958. International Trade and Economic Growth, Studies in Pure Theory, London, George Allen & Unwin

Krueger, A. O. (ed.), 1998. The WTO as an International Organization, Chicago, University of Chicago Press

Krugman, P. R. and M. Obstfeld, 1991. International Economics, New York, HarperCollins, 2nd edn.

Kwan, Chi Hung, 2001. ‘Chugoku Kyoi Ron ni Igi ari’ (The Objection to the “Chinese Threat” Argument)', Ni-Chu Kei-Kyo Journal (Sino-Japanese Economic Relationship Journal)

Lin, Justin Yifu, 2001. ‘WTO Accession and China's SOE Reform’, Chapter 2 in K. T. Lee, J. Y. Lin and S. J. Kim (eds.), China's Integration with the World Economy: Repercussions of China's Accession to the WTO, Seoul, Korea Institute for International Economic Policy

Lu, Feng, 2001. ‘China's WTO Accession: Impact on its Agricultural Sector and Grain Policy’, Chapter 7 in Kyung Tae Lee, Justin Yifu Lin and Si Jung Kim (eds.), China's Integration with the World Economy: Repercussions of China's Accession to the WTO, Seoul, Korea Institute for International Economic Policy

Murakami, Y., 1998. ‘Anticlassical Political-Economic Analysis’, Stanford, Stanford University Press

OECD, 2002. ‘China in the World Economy: The Domestic Policy Challenges’, Synthesis Report, Paris, OECD

Ostry, S., 2002. The Trade Policy-Making Process, Level One of the Two Level Game: Country Studies in the Western Hemisphere, IDB-Intal Occasional Paper, 13, Buenos Aires, 2002

Panitchpakdi, S. and M. L. Clifford, 2002. China and the WTO: Changing China, Changing World Trade, New York, John Wiley

Putnam, R., 1988. ‘Diplomacy and Domestic Politics: The Logic of Two-Level Games’, International Organization, 42, pp. 427–60CrossRef Google Scholar

Rawski, T. G., 2001. ‘What's Happening to China's GDP Statistics?’, China Economic Review

Willig, R. D., 1998. ‘Economic effects of Antidumping Policy’, in Robert Z. Lawrence (ed.), Brookings Trade Forum 1998, Washington, DC, Brookings Institution Press

Yamazawa, I. and Ken-ichi Imai, 2001. China Enters WTO: Pursuing Symbiosis with the Global Economy, Institute of Developing Economies, Japan External Trade Organization

Yano, M., 1983. ‘Welfare Aspects of the Transfer Problem’, Journal of International Economics, 15CrossRef Google Scholar

Young, A., 2000. ‘The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China’, Quarterly Journal of Economics, NovemberCrossRef Google Scholar

Zhenyu, Sun, 2002. ‘Statement by Ambassador, at WTO Symposium’, 29 April