Impact of China's Entry into the WTO

Paper Summary:

China officially joined the World Trade Organization last year after a long series of negotiations. The entry of China into this world body has aroused mixed emotions among business analysts in the United States. Proponents feel that it will help Chinese economy and make its industries more competitive, while opponents are of the view that United States employment rate will be badly hurt by China?s accession to WTO. China will certainly stand to benefit from increased trend towards global sourcing and the paper studies China?s entry with reference to this particular issue.

From the Paper:

"China today enjoys a prominent position in the world because it is one of the fastest growing markets and this makes it the center of attention for the global businesses. The country has been introducing trade reforms since a long time now and in its attempt to become a major part of the world community, it offered to join World Trade Organization, which already has 142 members. But accession has not been a smooth journey for China because it was after almost 15 years that it was finally granted entry into this trade body. But it is felt that with the entry of China, things are going to change dramatically for businesses in Asia Pacific region and also for those firms that are on the look out for global emerging markets. In the past few years globalization has been the major trend for all large businesses especially the ones in the United States. The American corporate world has been engaged in global sourcing for sometime and with the entry of China in WTO, it is almost certain that these firms would find a wider market and sourcing would increase rapidly with China opening its doors to businesses around the world. "

More papers on Impact of China's Entry into the WTO:

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• Essay # 90159 : "CAFTA, China and the WTO"

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