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This means that the cargo must be transported to other regions, further increasing operational costs and reducing the efficiency of American organizations exporting to China.
Another characteristic of the international trade policies implemented by the Chinese government refers to the means in which the decisions are made. The western investors point out to a highly centralized system, but argue that the openness to liberalized trade is only possible through the process of decentralization. Otherwise put, they desire that the government allows its regional office to make the decisions that directly affect their region (Goodman and Segal, 1994). The measure is yet to be implemented as the process of development and implementation of international trade policies is highly complex, ensures governmental power and must be completed with focus on the country's overall interests, as well as the stipulations in the WTO agreements.
4. Conclusions
Despite the fact that some issues remain to be addressed and resolved, China has suffered drastic modifications in its approach to international trade. The country evolved from an enclosed economy, to one in which increased focus is being placed on the creation of a market-oriented economy. The effects of their efforts have materialized in positive impacts upon both national population, as well as foreign players. In terms of the foreign players, these were better able to penetrate the Chinese market as their products became more competitive. Also, they gained several advantages relative to their countries and this even encouraged them to develop business operations within the eastern Asian country. These actions materialized in positive effects upon the national population, such as the creation of more jobs through a highly privatized economy or the wider access to a greater palette of product and service offering.
Yet, as the policies...
The country's recipe for economic success and international trade policies seems then to be the equilibrium between free trade and protectionism. "Examining some of the key developments in China's trade policy and regime, it argues that neither free trade nor protectionsim is the complete answer to development; in China's experience, a "pragmatic" trade policy requires a delicate balance between liberalization and use of industrial policy to support selected economic sectors" (Wang, 2007).
References:
Goodman, D.S.G., Segal, G., 1994, China Deconstructs: Politics, Trade and Regionalism, Routledge, ISBN 0415118344
Keidel, A., Cassidy, R., Ferguson, R., Tuchman Matthews, J., 2007, China's Trade Policy, Carnegie Endowment, http://www.carnegieendowment.org/events/?fa=eventDetail&id=987 last accessed on May 11, 2009
Wang, J., 2007, The Evolution of China's International Trade Policy: Development Through Protection and Liberalization, Economic Development through World Trade, pp.191-213
Workman, D., 2009, Swine Flu Infects Pork Trade Policies in China, WTO Suite 101, http://world-trade-organization.suite101.com/article.cfm/swine_flu_infects_pork_trade_policies_in_china last accessed on May 11, 2009
2009, China: Policy, United States Department of Agriculture, http://www.ers.usda.gov/briefing/China/tradepolicy.htm last accessed on May 11, 2009
2006, Economic Reform Has Produced Impressive Results but Important Challenger Remain, World Trade Organization, http://www.wto.org/english/tratop_e/tpr_e/tp262_e.htm last accessed on May 11, 2009
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