China's Accession to the World Trade Organization
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This paper describes the reasons behind the thrust of the accession of China to the WTO and the motivating factors for the United States and the international community. The paper explains that the trade agreement could spur wide-ranging modernization in the Chinese economy, which is today a hybrid of free enterprise and state ownership, shielded from overseas competition. The paper looks at the concessions China has made in order to become a part of the WTO.
From the Paper:"The US and China have through the conflict of their political ideologies always been in conflict and have created tension between their powers. The violation of human rights in China and the alleged thefts of U.S. nuclear secrets and satellite technology and alleged covert funding of the Democratic Party has created suspicion amidst the talks of accession to the WTO. (Vita 2000)
"Yet, all agree that if the economy of China opens, it will create opportunities for American farmers, workers and companies to compete successfully in China's market, while bringing progress to the people of China. The trade agreement could spur wide-ranging modernization in the Chinese economy, which is today a hybrid of free enterprise and state ownership, shielded from overseas competition. Benefits for the American economy would not be as broad but would still be significant."
Cite this Term Paper:
China's Accession to the World Trade Organization (2003, September 25) Retrieved November 27, 2022, from https://www.academon.com/term-paper/china-accession-to-the-world-trade-organization-36245/
"China's Accession to the World Trade Organization" 25 September 2003. Web. 27 November. 2022. <https://www.academon.com/term-paper/china-accession-to-the-world-trade-organization-36245/>