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The Impact Of Chinas Wto Accession On East Asia
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Book Synopsis The Impact of China's WTO Accession on East Asia by : Elena Ianchovichina
Download or read book The Impact of China's WTO Accession on East Asia written by Elena Ianchovichina and published by World Bank Publications. This book was released on 2003 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: China's World Trade Organization (WTO) accession will have major implications for China and present both opportunities and challenges for East Asia. Ianchovichina and Walmsley assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these effects using a dynamic computable general equilibrium model. China will be the biggest beneficiary of accession, followed by the industrial and newly industrializing economies (NIEs) in East Asia. But their benefits are small relative to the size of their economies and to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing countries in East Asia are expected to incur small declines in real GDP and welfare as a result of China's accession, mainly because with the elimination of quotas on Chinese textile and apparel exports to industrial countries China will become a formidable competitor in areas in which these countries have comparative advantage. With WTO accession China will increase its demand for petrochemicals, electronics, machinery, and equipment from Japan and the NIEs, and farm, timber, energy products, and other manufactures from the developing countries in East Asia. New foreign investment is likely to flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs, but negative for the less developed East Asian countries as a result of the contraction of these economies' textile and apparel sector. As China becomes a more efficient supplier of services or a more efficient producer of high-end manufactures, its comparative advantage will shift into higher-end products. This is good news for the poor developing economies in East Asia, but it implies that the impact of China's WTO accession on the NIEs may change to include heightened competition in global markets. This paper"a product of the Economic Policy Division, Poverty Reduction and Economic Management Network"is part of a larger effort in the network to assess the impact of China's WTO accession.
Book Synopsis The Impact of China's WTO Accession on East Asia by : Elena Ianchovichina
Download or read book The Impact of China's WTO Accession on East Asia written by Elena Ianchovichina and published by . This book was released on 2016 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's World Trade Organization (WTO) accession will have major implications for China and present both opportunities and challenges for East Asia. Ianchovichina and Walmsley assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these effects using a dynamic computable general equilibrium model. China will be the biggest beneficiary of accession, followed by the industrial and newly industrializing economies (NIEs) in East Asia. But their benefits are small relative to the size of their economies and to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing countries in East Asia are expected to incur small declines in real GDP and welfare as a result of China's accession, mainly because with the elimination of quotas on Chinese textile and apparel exports to industrial countries China will become a formidable competitor in areas in which these countries have comparative advantage.With WTO accession China will increase its demand for petrochemicals, electronics, machinery, and equipment from Japan and the NIEs, and farm, timber, energy products, and other manufactures from the developing countries in East Asia. New foreign investment is likely to flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs, but negative for the less developed East Asian countries as a result of the contraction of these economies' textile and apparel sector. As China becomes a more efficient supplier of services or a more efficient producer of high-end manufactures, its comparative advantage will shift into higher-end products. This is good news for the poor developing economies in East Asia, but it implies that the impact of China's WTO accession on the NIEs may change to include heightened competition in global markets.This paper - a product of the Economic Policy Division, Poverty Reduction and Economic Management Network - is part of a larger effort in the network to assess the impact of China's WTO accession.
Book Synopsis The Impact of China’s WTO Accession on East Asia by : Ianchovichina
Download or read book The Impact of China’s WTO Accession on East Asia written by Ianchovichina and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Impact of China's WTO Accession on East Asia by : Elena Ianchovichina
Download or read book Impact of China's WTO Accession on East Asia written by Elena Ianchovichina and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The industrialized and newly industrializing economies (NIEs) in East Asia will benefit from China`s WTO accession, and the developing economies in the region may incur small welfare losses. China will increase its demand for high-end manufacturing products from Japan and the NIEs and farm products, natural resources, and manufactured goods from developing East Asia. New foreign investment may flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs but negative in developing East Asia. The NIEs may face heightened competition in global markets as China`s comparative advantage shifts into high-end products. (JEL F11, F13, F15).
Book Synopsis East Asia Integrates by : Kathie Krumm
Download or read book East Asia Integrates written by Kathie Krumm and published by World Bank Publications. This book was released on 2004-01-01 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Emerging East Asian economies have seen their share of world exports more than triple during the past quarter-century, and intraregional trade has driven this growth. Broad measures of development in East Asia have improved at the same headlong pace. Why push further integration now? Two economic events of historic proportions provide the context: strategic thinking of development in the region following the East Asian financial crisis of 1997-98 and the accession of China to the World Trade Organization. Policymakers interested in a stable, prosperous region are concerned by mildly rising inequality within countries and a widening gap between richer economies and the poorest economies. Increasingly, the development agenda in the region with its focus on growth, jobs, and social stability and the trade policy agenda with its focus on market access and competitiveness have become intertwined. East Asian policymakers seek to develop a coherent set of economic policies that can deliver stability, growth, and regional integration. Without attempting to be comprehensive, 'East Asia Integrates' offers fundamental strategies that promote cross-border flows of trade, along with domestic policies on logistics, trade facilitation, standards and institutions to maximize the impact of these flows on development and distribute the gains from trade widely. As the authors demonstrate, multilateral and regional trade initiatives must provide a compelling vision of how integration can deliver broadly shared growth and prosperity if they are to succeed. In addition, they must use the momentum offered by trade agreements to address the links between trade on the one hand, and social stability, poverty reduction, and growth on the other.
Book Synopsis China's Accession to the World Trade Organization by : Robert Ash
Download or read book China's Accession to the World Trade Organization written by Robert Ash and published by Routledge. This book was released on 2013-04-03 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Trade Patterns and Global Value Chains in East Asia by : World Trade Organization
Download or read book Trade Patterns and Global Value Chains in East Asia written by World Trade Organization and published by . This book was released on 2011 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book China in the WTO written by C. Magariños and published by Springer. This book was released on 2002-12-02 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: By joining the World Trade Organization China legitimizes its own brand of 'catch-up' industrialization. What has been learnt from the respective negotiations? What does China's entry mean for emerging Asia and the developing world at large? What implications will it have on the multilateral trading system? What is China's strategy in the fields of the environment and intellectual property rights? This book provides an authoritative assessment of these issues, with particular focus on the impact on the emerging Asian-Pacific countries.
Book Synopsis China's WTO Accession and the Impact on Its Large Manufacturing Enterprises by : Guy Shaojia Liu
Download or read book China's WTO Accession and the Impact on Its Large Manufacturing Enterprises written by Guy Shaojia Liu and published by World Scientific. This book was released on 2001 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: The greatest success of Chinese enterprise reform has been the creation of market competition. Competition has forced the state to retreat from non-strategic sectors and increased private ownership in the industry. This development has created ownership diversification in the Chinese industry, which is in line with the leadership's 2-R (?Retreat and Retain?) enterprise reform policy. The ownership diversification is a distinction of the reformed economy, called ?a socialist economy with Chinese characteristics?. The backbone of the economy is the large state firms in strategic sectors, largely shielded from international competition, in which most of them have been coping well with the domestically competitive environment. After China's entry to the WTO, can these firms still maintain their market dominance once all forms of protection are dismantled? Are Chinese firms ready for direct competition with their foreign rivals in the manufacturing sector? Will FAW, China's No. 1 state-owned automotive corporation, be defeated on its home ground by its foreign rivals in a freely accessed market? The core of these questions is about the sustainability of diversified ownership in the economy after it is integrated with the world trading system. Who will dominate the Chinese industry after the WTO entry: foreign or private ownership? The question is addressed by applying the market structure and entry theory of industrial economics, since WTO accession will basically result in change in both the market type and the market structure of the industry. Based on this, the study developed the market share testing theory to assess the competitiveness of dominant incumbents according to the type of market. The overall finding is that most large state incumbents will survive but their survival strategy will be changed from single ownership control to mixed ownership control. Thus, it is expected that more joint ventures between foreign and large state-owned firms will emerge in the post-WTO-entry economy. But whether such firms will evolve into foreign-controlled state-owned firms is an interesting question which remains to be answered.
Book Synopsis China'S Integration Into the World Economy by : Yongzheng Yang
Download or read book China'S Integration Into the World Economy written by Yongzheng Yang and published by International Monetary Fund. This book was released on 2003-12-01 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country’s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly concerned that China’s competition in the world goods and capital markets may adversely affect their own growth prospects. This paper examines the implications of China’s WTO accession for other developing countries in the context of the country’s long-term process of growth and opening up. The paper argues that China’s integration into the world economy will inevitably impose adjustment costs on its trading partners in the short-to-medium term, but the benefits it generates are likely to dominate in the long run.
Book Synopsis Economic Impacts of China's Accession to the World Trade Organization by : Elena Ianchovichina
Download or read book Economic Impacts of China's Accession to the World Trade Organization written by Elena Ianchovichina and published by World Bank Publications. This book was released on with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: 1 billion) and trade reforms after accession will lead to additional gains of around : Ianchovichina and Martin present estimates of the impact of accession by China and Chinese Taipei to the World Trade Organization. China is estimated to be the biggest beneficiary, followed by Chinese Taipei and their major trading partners. Accession will boost the labor-intensive manufacturing sectors in China, especially the textiles and apparel sector that will benefit directly from the removal of quotas on textiles and apparel exports to North America and Western Europe. Consequently, developing economies competing with China in third markets may suffer relatively small losses. China has already benefited from the reforms undertaken between 1995 and 2001 (US.
Book Synopsis China and the WTO - A Critical Analysis by : Junzhai Ma
Download or read book China and the WTO - A Critical Analysis written by Junzhai Ma and published by GRIN Verlag. This book was released on 2012-11-30 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2007 in the subject Economics - Case Scenarios, grade: 2.0, University of Tubingen, language: English, abstract: This paper gives an analysis of China’s entry process into the WTO and an assessment on China’s accession commitment. The most important aspect of China’s performance and implementation is then analysed. The paper researches the impact that the WTO membership has brought to China and the world. The impact on rule of law is researched and the impact on trade growth as well as employment are analysed.
Book Synopsis China's Accession to the WTO by : Tianshu Chu
Download or read book China's Accession to the WTO written by Tianshu Chu and published by Edward Elgar Pub. This book was released on 2007 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's accession to the WTO is one of the most important policy changes in China's long process of liberalizing its foreign trade and foreign direct investment. It is also a major world economic event with profound repercussions. This book addresses the issues raised by China's accession both in terms of its effects on its neighbours and China itself. The history of China's accession and the major commitments by China as conditions for its accession to the WTO are examined along with the impacts of accession on China, Japan, South Korea, Taiwan, India and Southeast Asian economies. The book begins by assessing the impacts on China, including regional impacts, impacts on domestic regional liberalization and impacts on state-owned enterprises. It goes on to assess the effects on a number of Asian economies, including Japan, Korea, Taiwan and India. The book ends with an assessment of the impacts on ASEAN economies and Asian economic integration. This includes discussion of the mutual trade between China and Australia, Malaysia, Singapore, Thailand, Indonesia and the Philippines.The contributors come from a wide range of backgrounds, providing different viewpoints on the impacts of China's trade liberalization. China's Accession to the WTO will therefore appeal to academics and researchers of Asian studies (China, Korea, Japan, Southeast Asia particularly) as well as those interested in the WTO and international trade and policy makers in the countries affected and discussed.
Book Synopsis China Enters WTO; Pursuing Sympiosis with Global Economy by : Yamazawa, Ippei
Download or read book China Enters WTO; Pursuing Sympiosis with Global Economy written by Yamazawa, Ippei and published by . This book was released on 2001-03 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the John Holmes Library collection.
Book Synopsis China and the Challenge of Economic Globalization by : Hung-Gay Fung
Download or read book China and the Challenge of Economic Globalization written by Hung-Gay Fung and published by Routledge. This book was released on 2017-07-28 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: China emerged as the largest recipient of foreign direct investment (FDI) and the fifth largest trading nation in the world in 2002. China’s entry into the World Trade Organization (WTO) represents a huge stride forward in its reform efforts. These reforms include liberalization and modernization of China’s economy (in industrial, services, and agricultural sectors) and trading activities. China’s growing economy, its international trade, and its large inward FDI have significantly affected the growth of global trade, the distribution of global direct investments, and the pace of expansion of global output. There is no other country in history, as a WTO member, to have achieved such expansion in a comparable time period. China is expected to be influential in future rounds of WTO trade negotiations. As the only major trading nation that is not classified as an advanced industrial economy, China is bringing an unparalleled perspective to the negotiations and exerting its power on matters important to its trade. China, as a new WTO member, is posing momentous opportunities and challenges to the United States and other countries. A study of the Chinese economy after entering the WTO should be of importance to practitioners, scholars, and policymakers because of China’s vast size, its rapid growth in foreign trade and FDI inflows, and the unprecedented speed of its integration into the world economy. The high quality of the chapters within this volume and their authors’ expertise unite to make this book a most timely contribution to our understanding of China’s rapidly changing economy and its transformation toward globalization after entering the WTO. This volume is divided into four parts. The first part deals with economic performance after China’s accession to the World Trade Organization. The second part relates to the WTO and China’s economic welfare. The third part deals with China’s financial reforms and capital markets, and the last part discusses China’s industrial and agricultural development. In total, we have eighteen chapters that will shed light on the Chinese economy and the challenges posed by WTO membership.
Book Synopsis Handbook On China's Wto Accession And Its Impacts by : Ching Cheong
Download or read book Handbook On China's Wto Accession And Its Impacts written by Ching Cheong and published by World Scientific. This book was released on 2003-06-20 with total page 460 pages. Available in PDF, EPUB and Kindle. Book excerpt: It has taken China 15 long years of tough negotiations to achieve accession to the World Trade Organization (WTO). By becoming a full member of the WTO, China has in fact made three tiers of commitments. The first tier is the commitment to the objectives of the WTO, such as free trade, most-favoured nations, national treatment and transparency, as expounded in the various documents setting up the organization and its predecessor, the GATT. The second tier is the commitment to the set of rules governing trade for specific sectors, such as agricultural and textile goods, or information technology and telecommunications. This is set out in China's accession protocol. The third tier is the commitment to bilateral agreements which China signed with her major trading partners. Their support is mandatory before China can be admitted to the WTO and therefore she has to satisfy each of them through elaborate bilateral negotiations. 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. Appendix 2 reprints the Protocol of China's Accession. China's schedule of commitments on services, rearranged in a format more comprehensible to the general reader, is included as Appendix 3, so that concerned readers can find out for themselves how their professions may be affected. Appendix 4 reprints the GATS Services Sectoral Classification GNS/W/120 and part of the CPC Provisional version. This appendix is attached to facilitate readers to check whether their specific professions, which are spelt out in 3-6 digit codes, are included in Chinese commitments.
Book Synopsis Economic Reform and Cross-Strait Relations by :
Download or read book Economic Reform and Cross-Strait Relations written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
