Shifting Comparative Advantage and Accession in the WTO

Wto Accession and Financial Reform in China

Top Chinese leaders regard the WTO accession as the second most important change in China’s economic policy regime, following Deng Xiaoping’s reform and opening-door policy in the late 1970s. This change will have undoubtedly profound impacts on the future course of China’s economic development. There are many discussions among academic and policy circles in China regarding the possible impacts...

Wto Accession at Any Cost

The World Trade Organization’s (WTO) goal of liberalizing multilateral trade does not exist in a vacuum; that is to say, liberalizing trade is not an end in itself. The preamble to the Agreement Establishing the World Trade Organization (“Marrakesh Agreement”), explicitly states that “[t]he Parties to this Agreement, recognizing that their relations in the field of trade and economic [endeavor]...

China’s Wto Accession and Sustainable Development

The Impact of Accession to WTO on China’s Economy

The presented paper aims at providing a comprehensive analysis of the impact of China’s WTO accession. The analysis used a 41-sector, 10-households recursive dynamic CGE model of China. Dualistic foreign trade regimes ordinary trade regime and processing trade regimes, which represents an important feature of China’s foreign trade is introduced in the model. A 1995 social accounting matrix is c...

China's Accession to the WTO: Timing is Everything

Since China’s application in 1987 to resume its status in the Generalized Agreement on Trade and Tariffs (GATT)/World Trade Organization (WTO) there has been a great deal of debate over the timing of China’s accession. Although most of the issues relating to the timing of China’s trade liberalization have been resolved, the abolition of restrictions on Chinese textiles and clothing may still be...