Explore the complex dynamics of China's participation in the World Trade Organisation (WTO) with the insightful publication, 'China and the WTO.' In this essential read, authors Petros Mavroidis and Andre Sapir dissect the mounting conflicts arising from China's accession to the WTO in 2001 and the significant implications for global trade. They highlight how China's unique economic model has led to tensions with major trading partners, particularly the U.S., and suggest vital WTO reforms that could foster cooperation instead of conflict. This book provides a critical examination of China's economic practices, including the role of state-owned enterprises (SOEs) and the controversial issue of forced technology transfers. Gain a deeper understanding of international trade relations, WTO reforms, and China's place in the global market with this compelling analysis. A must-read for students, policymakers, and anyone interested in the future of trade and diplomacy. This brand new volume is available in trade binding format. Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled. ISBN: 9780691206592, Year: 2021, Publisher: Princeton University Press.

Note: Shipping for this item is free. Please allow up to 6 weeks for delivery. Once your order is placed, it cannot be cancelled.

Condition: BRAND NEW
ISBN: 9780691206592
Format: Trade binding
Year: 2021
Publisher: Princeton University Press


Description:


An examination of China's participation in the World Trade Organisation, the conflicts it has caused, and how WTO reforms could ease them

China's accession to the World Trade Organisation (WTO) in 2001 was rightly hailed as a huge step forward in international cooperation. However, China's participation in the WTO has been anything but smooth, with China alienating some of its trading partners, particularly the United States. The mismatch between the WTO framework and China's economic model has undermined the WTO's ability to mitigate tensions arising from China's size and rapid growth. What has to change?

China and the WTO demonstrates that unilateral pressure, by the United States and others, is not the answer. Instead, Petros Mavroidis and Andre Sapir show that if the WTO enacts judicious reforms, it could induce China's cooperation, leading to a renewed confidence in the WTO system. The WTO and its predecessor, the General Agreement on Tariffs and Trade, are predicated on liberal domestic policies. They managed the previous accessions of socialist countries and big trading nations, but none were as large or powerful as China. Mavroidis and Sapir contend that for the WTO to function smoothly and accommodate China's unique geopolitical position, it needs to translate some of its implicit principles into explicit treaty language. To make their point, they focus on two core complaints — that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies, private as well as SOEs, impose forced technology transfer on foreign companies as a condition for accessing