China and the World Trade Organization (WTO) Research Paper by Neatwriter

China and the World Trade Organization (WTO)
A look at the involvement of China in the World Trade Organization, focusing on the need for supply chain management.
# 59788 | 8,415 words | 10 sources | MLA | 2005 | US
Published on Jul 01, 2005 in Economics (International) , Business (Human Resources) , Asian Studies (General)

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This paper deals with the circumstances that led China to join the WTO, an analysis of the Chinese economy prior to joining the organization, and its performance after becoming a member. The study examines the performance and limitations of supply chain management in China. It then provides recommendations for improving the working of supply chain management in China.

Table of Contents
1. Introduction
2. Literature Review
3. Supply Chain Operations in China: Benefits
4. Limitations of Supply Chain Management in China
5. Recommendations for Improvement
6. Conclusion

From the Paper:

"Many of the companies are presently resorting to different methods of making their work done by hiring people through a process known as outsourcing. The companies try to focus on their basic activities in which they are competent and other ancillary activities are outsourced on contract basis to others. The Chinese market is now in global focus as one of the growing market. The favorable circumstance for investment by the multinational corporations in respect of multiple ranges of industries like consumer products, automotive, electronics, telecommunications etc., is the primary reason for its attraction. The widespread marketing prospects, highly educated people, cost-effective methods of production, and effective networks for distribution made the Chinese market so significant globally. Another reason that made China the center of attraction is the performance of its economy even amidst the Asian catastrophe. The bewildering increase of its exports by 25% has made its international trade becoming more significant. The self assured Chinese economy led to signify the role of international relations. The operation of Motorola in the Chinese soil led the Western members to consider the Chinese market as very significant and cannot be set aside. The Western leaders could visualize a growth rate of over 9 percent per annum and in favor of initiation of reformation in the global trading policy. China is predicted to be the seventh world ranking largest exporter and eighth largest importer by the end of 2000. Next only to US, China has become the second largest playground attracting the foreign capitalists with an investment of about 400 million US dollar. Besides, it is evident to the Western leaders to visualize the large population of China with the diversities as a never ending supplier of low wage laborers in addition to the large middle class consumers. In view of these it is considered by the Western leaders that non-admittance of China to the WTO cannot be the other alternative. (Chanoff, 2002)"

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