China and the WTO (eBook)

Why Multilateralism Still Matters

Petros C. Mavroidis, Andre Sapir (Autoren)

eBook Download: EPUB

2021
232 Seiten
Princeton University Press (Verlag)
978-0-691-20660-8 (ISBN)

Infos

An examination of China's participation in the World Trade Organization, the conflicts it has caused, and how WTO reforms could ease them China's accession to the World Trade Organization (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 the Chinese market-and they lay out specific proposals for WTO reforms.In an age of global trade disputes, China and the WTO offers a timely exploration of unprecedented challenges to the current multilateral system and fresh ideas for lasting solutions.

Produkt-Details

• Erscheint lt. Verlag: 5.1.2021
• Sprache: englisch
• Themenwelt: Recht / Steuern ► EU / Internationales Recht
• Themenwelt: Sozialwissenschaften ► Politik / Verwaltung ► Europäische / Internationale Politik
• Themenwelt: Wirtschaft ► Volkswirtschaftslehre ► Makroökonomie
• Schlagworte: Adjudication • Agreement on Government Procurement • Amendment • and the Fracturing of the Global Trading System • Appellate body • Asia-Pacific Economic Cooperation • Bankruptcy • Bilateral investment treaty • Business Ethics • China–United States relations • Chinese Economic Reform • Clashing Over Commerce • Commercial Bank • Communist Party of China • Competition Law • Consideration • Contract • Copyright • corporatization • Dani Rodrik • de facto • Discrimination • domestic policy • Donald Trump • Douglas Irwin • Eastern Bloc • Economics • economist • economy • Economy of China • Economy of the United States • Employment • Enlargement of the European Union • Entrepreneurship • Export • Financial Crisis • Foreign Direct Investment • Free Trade • GATT • GATT/WTO principles • General Agreement on Trade in Services • Government of China • history of GATT accessions • history of WTO accessions • incumbent • Insider • Institution • Intellectual Property • interdependence • International Monetary Fund • International Trade • Investor • Ipso facto • Japan • Liberalization • Market Economy • Market Failure • market-oriented reforms • Multilateralism • national security • Negotiation • Nicholas Lardy • Office of the United States Trade Representative • Organisation for Economic Co-operation and Development • Ownership • Paul Blustein • Policy • President Xi • presumption • prima facie • Princeton University Press • private sector • Privatization • protectionism • Provision (accounting) • Provision (contracting) • Quid Pro Quo • Regulation • Requirement • Richard McGregor • Schism: China, America • Socialist market economy • state-owned enterprise • State-owned enterprises • State Ownership • Statism • Subsidy • Supply (economics) • tariff • tariff increases • tariffs • Technology • Technology Transfer • The Party: The Secret World of China's Communist Rulers • The State Strikes Back • The Way Forward • Trade Agreement • Trade association • Trade barrier • trade facilitation • Trade in Services Agreement • Trade Policy • Trade secret • trade war • Trading nation • Trans-Pacific Partnership • Treaty • trilateral • TRIPS Agreement • Trump Administration • Unemployment • Unilateralism • unilateral measures • United States • Uruguay Round • USMCA • World Bank • World Economy • World Trade Organization • World Trading System • World War II • WTO • Xi Jinping • Zhao Ziyang • Zhu Rongji
• ISBN-10: 0-691-20660-0 / 0691206600
• ISBN-13: 978-0-691-20660-8 / 9780691206608