A comprehensive account of the challenges that China’s entry into the World Trade Organization will mean for China and for the WTO at a crucial moment for free trade and open economies.
— Joseph Stiglitz, 2001 Nobel Laureate in Economics
After fifteen long years of dialogue and heated debate, China has at last gained entry to the World Trade Organization. It will take its place among the other member states at the end of 2001. This unique and important book analyses the implications for world trade of this momentous event, as seen by the next WTO’s Director-General.
The key sections of the book discuss:
* the effect that accession will have on China as it struggles to meet all the requirements of the WTO
* the future role of the WTO and its current shortcomings
* WTO, Globalization and its Critics – Battle in Seattle, Davos etc
* implications for the USA, Asia and Europe – the strains that will be placed on the existing order
* shift in the balance of global power as China overtakes Japan and matches the economic power of the US.
China’s entry to the WTO is a landmark event in the 21st century. It is a clear signal that China is ready to take its place amongst the global economic powerhouses and that it is prepared to play by its rules. This book, by the next Head of the WTO, explains the importance of this event and its implications for the future of world trade.
Co-authored with Supachai Panitchpakdi, 2002-2005 Director-General of the World Trade Organization
Published in 2002 by John Wiley & Sons (Asia).
Purchase the book at Amazon.com
REVIEWS OF “China and the wto”
If you want to appreciate the political, economic and social earthquake that will occur as China enters the World Trade Organization, you’ll need to understand not only what will happen inside China, but what the implications will be for world trade, the WTO, East Asia, and globalization itself. This beautifully written book will enrich anyone — layman or expert — on these issues.
— Jeffrey E. Garten, Dean, Yale School of Management, Former U.S. Undersecretary of Commerce for International Trade (1993-1995)
This is a must read for all those who want to really comprehend what China’s accession to WTO means not only for this giant country, but for the rest of Asia and for the world economy. The authors combine a deep knowledge of China and Asia with a unique understanding of the dynamics of international trade to propose a lucid vision of how China’s integration should serve as a catalyst to make globalization create a more inclusive prosperity.
— Claude Smadja, Principal Adviser, World Economic Forum
This splendid book goes well beyond the issues relating to the entry of China into the WTO. It also offers much wisdom and many insights into all the important problems facing the world trading system.
— Jagdish Bhagwati, Professor, Columbia University, Economic Policy Adviser to the Director-General, GATT (1991-1993)
For years to come, this book could become the economic bible for smart business people, serious scholars and governmental leaders not only in Asia-Pacific, but in the entire global community. The two authors have combined outstandingly to put the complex problems created by the inequities of the world trading order into a rational framework for both the ‘have-nots’ and the ‘haves.’
— Fidel V. Ramos, Former President, Republic of the Philippines (1992-1998)