China, the WTO, and Globalization: What Happens Next
- Topics:
- WTO
- Tags:
- China,
- ChinaOnline,
- Finance,
- Free Trade,
- Globalization,
- Management,
- Strategy,
- World Trade Organization
- Source:
- ChinaOnline
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Overview: After fifteen years of effort, China appears poised to join the World Trade Organization. This hard-won triumph is a milestone in the march of globalization. However, globalization brings dangers as well as opportunities. How the United States and its major allies handle the pressures associated with China's ongoing lurch toward globalization will influence not only the effectiveness of the WTO and the health of the Chinese economy, but also, more broadly, the future of U.S.-China relations, the evolution of China's political system, and the fate of Asia. The terms and conditions of WTO membership partially reflect the demands of globalization and thus offer a preview of possible risks. What follows is a brief summary of China's WTO obligations, followed by a deliberately pessimistic sketch of what could go wrong—and a plea for careful management to ensure that it does not. Thus, as a new member of the WTO and the global trade leadership community, China has the chance to shape globalization, not merely to be shaped by it.
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Format: HTML | Date: Jul 2001 | Pages: 1
