Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
The longer the United States has to wait, the smaller its advantage will be upon entering the Chinese market, which it will eventually have to do.
It appears now that the United States did not benefit much from China's WTO accession. China's inadequate Intellectual Property framework diminishes the U.S. advantage in high tech industries. (Harvard, 8). Computer software, from such companies as Microsoft, are some of the most profitable products in the world, but they are often used by Chinese consumers without Microsoft being paid for it. Software products, often delivered through compact discs or even online, cost next to nothing to copy and transfer, as Chinese bootleggers have demonstrated.
The research and development costs that go into such software products is huge. Actually, they are the very epitome the United States' factor endowments, an abundance of capital and skilled labor. If the United States is to make use of its factor endowments, its knowledge economy especially, it must ensure...
Instead, China is pursuing a mercantilist economic strategy, where the aim is to achieve the greatest trade surplus possible in order to build up the country's gold/currency reserves. Although the WTO prevented China from distorting trade directly through tariffs and market restrictions, China was able to circumvent the WTO and distort trade indirectly through currency manipulation.
Bibliography
Feenstra, Robert C. Advanced International Trade: Theory and Evidence. Princeton, N.J: Princeton University Press, 2004. Print.
Feenstra, Robert C, and Alan M. Taylor. International Trade. New York W.H. Freeman, 2008. Print.
Abrami, R. "China and the WTO: What Price Membership?" Harvard Business School April 9, 2008. Cambridge: Harvard Business School Publishing.
Bibliography
Feenstra, Robert C. Advanced International Trade: Theory and Evidence. Princeton, N.J: Princeton University Press, 2004. Print.
Feenstra, Robert C, and Alan M. Taylor. International Trade. New York W.H. Freeman, 2008. Print.
Abrami, R. "China and the WTO: What Price Membership?" Harvard Business School April 9, 2008. Cambridge: Harvard Business School Publishing.
Lissovilik and Lissovilik find that Russian membership in the WTO would have a major impact on the structure and possibly the level of trade may be quite significant and could be much higher than current estimates. They find that on average, Russia's exports to WTO countries underperformed its exports to other countries in 1995-2002, all the more surprising given "Russia's trade reorientation toward the more advanced developed and developing
China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth
Week 6. China's Democratisation: Implications for International Relations Is it a fantasy to expect China's democratization through trade and engagement with the West? It is rather difficult to consider trade as being a democratization tool. Indeed at the moment, political affairs and economic affairs are connected and interdependent. However, China represents a totally different political system and is one of the most important actors on the global economic scene. The East -- West
Decontamination Plan China and WTO -- the Impact of Becoming a Member of WTO In 2001, China became one of the last countries to join the World Trade Organization (WTO). In accordance with WTO rules, which will ensure the integration of China into the world economy in addition to offering a more predictable environment for trade and foreign investment, China equally agreed to undertake a series of significant commitments that will not
I do not approve of reading so many books. The method of examination is a method of dealing with the enemy. It is most harmful and should be stopped" (Johnson 1992:552). Mao wanted control of China's destiny -- and he wanted that destiny out of the hands of the religionists, whose doctrine was not formulated by him but by an outside body. Thus, places like Sacred Heart convent in
This was another blow for the local markets as the SOEs formed the crux of all Chinese businesses. The privatization of this sector was initiated in 1995 when the government kept the big profit-making SOEs and discarded the smaller SOEs, yet the government was forced to hand over the market share that these big SOEs had after joining WTO and eventually hand the complete control of the SOEs to