China and the WTO Article Review by Neatwriter

China and the WTO
This paper reviews individual articles and interviews Chinese officials to evaluate the World Trade Organization's (WTO) dispute settlement system (DSS) and its implications for China.
# 59987 | 9,930 words | 40 sources | APA | 2005 | US


$19.95 Buy and instantly download this paper now

Description:

This paper explains that, after 15 years of bargaining, in December, 2001, China became a member of the World Trade Organization (WTO), with a formal commitment to relax its traditional restrictiveness and conservative pose and open itself to world markets. The author points out that WTO rules specifically require China to settle its disputes with other member nations through the WTO's dispute settlement system. The paper relates that interviews with Chinese officials reveal that China is not aware enough about the system, not too keen about it, and finds it flawed and threatening.

Table of Contents
Introduction
Literature Review
Research Design and Methodology
Summary of Findings and Conclusion

From the Paper:

"The membership is envisioned to nearly double international trade volume and attract foreign investment with increased exports and technological investment. But the situation will not be the same with China because of the rules-based structure of the WTO and the legally-binding dispute settlement system among its member nations. A national development strategy was the traditional basis of China's economic planning until its decay in the early 80s. The basics of import control, low-cost loans, trading rights and pricing continue to characterize its domestic trade. In the 90s, it bargained with foreign firms in order to obtain desired technologies, but retained self-sufficiency in grains as a basic agricultural policy for decades. It conducts international trade mainly to maintain balanced trade, but backed up with a fixed exchange rate and a limit to imports. Its agreement with the WTO does not include or honor any of these principles."

Cite this Article Review:

APA Format

China and the WTO (2005, July 11) Retrieved November 19, 2019, from https://www.academon.com/article-review/china-and-the-wto-59987/

MLA Format

"China and the WTO" 11 July 2005. Web. 19 November. 2019. <https://www.academon.com/article-review/china-and-the-wto-59987/>

Comments