China and the World Trading System

The World Trade Organization has been until recently an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the largest shifts in the international economic and trading system: the rise of China. Although China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. The first is a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broadly non-discriminatory trading order.

Bibliographic Details

Main Authors:	Mattoo, Aaditya, Subramanian, Arvind
Language:	English
Published:	2011-12-01
Subjects:	ADVERSE EFFECTS, AGREEMENT ON TRADE, AGRICULTURAL NEGOTIATIONS, AGRICULTURE, ANTIDUMPING, ANTIDUMPING ACTIONS, APPAREL, APPLIED TARIFF, AVERAGE TARIFFS, BID, BILATERAL AGREEMENTS, BILATERAL TRADE, BINDING CONSTRAINTS, BONDS, BORDER TRADE, BUDGETARY SUPPORT, CAPITAL ACCOUNT, CAPITAL ADEQUACY, CAPITAL CONTROLS, CHECKS, CODE OF CONDUCT, COMMODITIES, COMMODITY, COMPARATIVE ADVANTAGE, COMPETITION POLICY, COMPETITIVE ADVANTAGE, COMPETITIVENESS, COUNTRY MARKETS, CURRENCY, CURRENT ACCOUNT, CURRENT ACCOUNT SURPLUSES, DEBT, DECENTRALIZATION, DECISION MAKING, DEVALUATION, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT ECONOMICS, DEVELOPMENT POLICY, DEVELOPMENT STRATEGY, DISPUTE SETTLEMENT, DOMESTIC DEMAND, DOMESTIC PRODUCERS, DOMESTIC PRODUCTION, DUMMY VARIABLE, ECONOMIC CONVERGENCE, ECONOMIC EFFICIENCY, ECONOMIC INTEGRATION, ECONOMIC LAW, ECONOMIC POWER, ECONOMIC RELATIONS, ECONOMIC SIZE, ECONOMIC THEORY, ECONOMICS RESEARCH, ELASTICITY, ELASTICITY OF TRADE, EMERGING MARKET, EMERGING MARKET COUNTRIES, EMERGING MARKET ECONOMIES, EMERGING MARKETS, EMERGING-MARKET, ENVIRONMENTAL CONCERNS, EXCHANGE RATE, EXCHANGE RATE POLICY, EXCHANGE RATES, EXPORT MARKETS, EXPORT OPPORTUNITIES, EXPORT SUBSIDIES, EXPORT TAXES, EXPORTERS, EXPORTS, EXTERNAL TRADE, FEDERAL RESERVE, FINAL GOODS, FINANCIAL CRISES, FINANCIAL SERVICES, FINANCIAL STABILITY, FINANCIAL SYSTEM, FINANCIAL TRANSACTIONS, FIXED EXCHANGE RATES, FOOD PRICES, FOOD PRODUCTION, FOREIGN BANK, FOREIGN BANKS, FOREIGN COMPETITION, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN INVESTMENT, FOREIGN INVESTMENTS, FOREIGN MARKETS, FOREIGN OWNERSHIP, FREE TRADE, FREE TRADE AGREEMENTS, GDP, GLOBAL ECONOMY, GLOBAL FREE TRADE, GLOBAL TRADE, GLOBALIZATION, GRAVITY MODEL, HIGH TARIFFS, HOME COUNTRY, IMPORT BARRIERS, IMPORT MARKETS, IMPORT TARIFF, INCOME, INCOME LEVEL, INDUSTRIAL COUNTRIES, INDUSTRIAL COUNTRY, INDUSTRIAL SECTOR, INSTRUMENT, INSURANCE, INSURANCE POLICY, INTELLECTUAL PROPERTY, INTERMEDIATE GOODS, INTERNATIONAL AGREEMENT, INTERNATIONAL BANK, INTERNATIONAL COOPERATION, INTERNATIONAL ECONOMICS, INTERNATIONAL MARKETS, INTERNATIONAL RESERVE, INTERNATIONAL TRADE, INVESTING, INVESTMENT OPPORTUNITIES, INVESTMENT PROTECTION, ITC, LEGAL FRAMEWORKS, LIBERALIZATION, LIBERALIZATION AGENDA, LIFE INSURANCE, MARKET ACCESS, MARKET ECONOMY, MARKET SHARE, MERCANTILISM, MIDDLE INCOME COUNTRIES, MONOPOLY, MULTILATERAL AGREEMENT, MULTILATERAL DISCIPLINES, MULTILATERAL NEGOTIATIONS, MULTILATERAL SYSTEM, MULTILATERAL TRADE, MUTUAL RECOGNITION, NATURAL RESOURCE, NATURAL RESOURCES, OIL EXPORTERS, OIL PRICE, OPEN MARKETS, OPEN REGIONALISM, OUTPUT, OUTSOURCING, POLITICAL ECONOMY, POLITICAL POWER, PREFERENTIAL ACCESS, PREFERENTIAL ACCESS TO MARKETS, PREFERENTIAL AGREEMENT, PREFERENTIAL AGREEMENTS, PREFERENTIAL ARRANGEMENTS, PREFERENTIAL MARGIN, PREFERENTIAL TRADE, PROPERTY RIGHTS, PROTECTION MEASURES, PROTECTION OF INTELLECTUAL PROPERTY RIGHTS, PROTECTIONISM, PROTECTIONIST MEASURES, PROTECTIONIST POLICIES, PROTECTIONIST PRESSURES, QUANTITATIVE RESTRICTIONS, RECIPROCITY, REDUCTION IN TARIFFS, REGIONALISM, REGULATORY FRAMEWORK, RENEWABLE ENERGY, REPUTATION, RETURN, SAFETY STANDARDS, SHARE OF WORLD EXPORTS, SMALL COUNTRIES, TARIFF BARRIERS, TARIFF REDUCTIONS, TAX, TELECOMMUNICATIONS, TERMS OF TRADE, TRADE BALANCE, TRADE BARRIERS, TRADE CONCESSIONS, TRADE DEFICIT, TRADE DIVERSION, TRADE EFFECTS, TRADE LIBERALIZATION, TRADE NEGOTIATIONS, TRADE OPENNESS, TRADE PARTNERS, TRADE PATTERNS, TRADE POLICIES, TRADE POLICY, TRADE POLICY INSTRUMENTS, TRADE REFORM, TRADE REGIME, TRADING, TRADING SYSTEM, TRANSACTIONS COSTS, TRANSPARENCY, TRANSPORT COSTS, UNDERVALUATION, UNFAIR COMPETITION, URUGUAY ROUND, WEAK ENFORCEMENT, WEALTH, WORKING CAPITAL, WORLD MARKETS, WORLD TRADE, WORLD TRADE ORGANIZATION, WORLD TRADING SYSTEM, WTO,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111205135456 http://hdl.handle.net/10986/3664
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