China and the WTO Essay -- Trade Agricultural Economy Economics Essays

mainland mainland China and the WTOAgricultural Challenges after its Accession to WTOWho is sincerely benefiting from it?The membership of Taiwan Province of China in the International fiscal Fund and the World Bank in the early 1980s contributed to final stage Chinas isolation of its economy from the world.By 1986, China had started lobbying to be readmitted to the General Agreement on Tariffs and Trade after it had left it in 1949 when the Peoples Republic of China was founded.As the result of 15 years of laborious negotiations, on December 11 2001, China officially became the 143rd member of the World Trade Organization, and while an economy as declamatory as China can cause commotion for developing countries in the short run, it must also be noted that it should benefit Chinas trading partners in the long run.While China transitioned from a centrally planned economy to a market-oriented one, its exports grew from $10 billion in 1978 to $278 billion in 2000, making it the six th largest trading nation in the world (from the original 30th position it enjoyed in the 1970s). The trade-to-GDP ratio, (often called the trade openness ratio, is the average share of exports and imports of goods and services in GDP) increased from a 10% to about a 40% in the late 1990s. Chinas inflows of foreign direct investment, which according to the IMF may lead developing countries to bear upon it as the private capital inflow of choice, reached $47 billion in 2000, second in size only to the United States.Because its needed that the inclusion of China to the global economy volition lead to shifts in the world production, trade, investment and employment, there have been provisions in Chinas Protocol of Accession to WTO (which requires resolution of ... ...Urban-rural Income GapLi Shi, Yue Ximing http//www.caijing.com.cn/ side of meat/2004/040220/040220coverstory.htmChinas Agriculture New developments since the WTO Entry Tan Xingyu, A.Leiwww.china-pictorial.comChinese A cademy of Social SciencesCASS www.cass.net.cnOrganisation for Economic Co-operation and Development, OECDhttp//www1.oecd.org/publications/e-book/92-2003-04-1-7294/C.2.1.htmInternational Monetary Fund, IMFWhat will WTO Membership mean for China and its trading Partners?Ramesh Adhikari and Yongzheng Yang http//www.imf.org/external/pubs/ft/fandd/2002/09/adhikari.htmComrades or Competitors? Trade Links Between China and Other East Asian Economies.By Prakash Lounganihttp//www.imf.org/external/pubs/ft/fandd/2000/06/loungani.htmThe American Society of International police forcehttp//www.asil.org/insights/insigh13.htm