China and the World Trade Organization (WTO)

Paper Summary:

A paper discussing all aspects of China being admitted into the World Trade Organization in 2001 after having been denied entry repeatedly in the past. Discussion includes China's expectation of being one of the main powers in the WTO after the United States and Europe. One of the main advantages discussed is the financial impact of globalization on China's labor force.

From the Paper:

"China is expected to become one of the main entities in the World Trade Organization, next to the United States and Europe. Besides becoming the dominant power in Asia, what this also means for China is that they could possibly see their unemployment rate surge if imports from member nations are now allowed to flood the market. Becoming the dominant power in Asia could be a direct result of China's entrance into the World Trade Organization. Some of the many advantages of growth and development for China now that they are involved in free trade and globalization through the World Trade Organization are quite varied."

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