China's Accession to the World Trade Organization Research Paper by BrainC

China's Accession to the World Trade Organization
This paper discusses that the People's Republic of China becoming a member of the World Trade Organization (WTO) has a great impact upon its development and the entire world.
# 53074 | 9,350 words | 17 sources | MLA | 2004 | US


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Description:

This paper, presenting an extensive history of China, explains that, due to its historical isolation from and suspicion of foreign influence, its long acquaintance with communist economic structures, and a general preference for protectionism, China has developed a highly protectionist trade policy that will present problems for its participation in the WTO. The paper points out that China's accession to the WTO may result in adjustment problems with unemployment and redistribution of wealth, potentially causing further social and political problems. The paper lists several important areas through which China's WTO accession may have a major impact upon the other economies of East Asia, including increased access by other regional players to China's domestic market, improved overall competitiveness among these countries, competition with China for business in third markets, changes in investment patterns, and transparency and predictability of trade policy.

Table of Contents
Introduction
Overview and Discussion
History
Principles of the Accession Agreement
Economic Impact in China
Political Impact in China
Economic Impact in East Asia Region
Downside Risks
Anti-dumping
Safeguards
Stifling of Innovation vs. Establishing Good IP Protections
Summary and Conclusion

From the Paper:

"China does not yet have an independent legal and court system. The legal system must be modernized to handle today's wide variety of commercial disputes, to protect legal contracts and to combat corruption wherever it is found. When this happens, it may be possible to create the groundwork for an independent judiciary. Then the rule of law may come to be extended. Only then will the central bureaucracy be reformed and the administration of justice be consolidated."

Cite this Research Paper:

APA Format

China's Accession to the World Trade Organization (2004, September 30) Retrieved August 08, 2022, from https://www.academon.com/research-paper/china-accession-to-the-world-trade-organization-53074/

MLA Format

"China's Accession to the World Trade Organization" 30 September 2004. Web. 08 August. 2022. <https://www.academon.com/research-paper/china-accession-to-the-world-trade-organization-53074/>

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