China and the WTO: China's Challenge
China and the WTO: China's Challenge
Introduction
The September 11, 2001 terrorist attacks on the World Trade Center and the Pentagon is
a somber lesson to remind the world of how important it is to get globalization right.
Now its clearer than it has been ever that the world is split between those who benefit
from the increasing wealth and openness of globalization and those who oppose and
intend to destroy globalization. The difference of two beliefs …
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…Asia, China's economic rise and its accession to the WTO is a resounding
wake-up call. China's full and transparent participation in the multilateral trading system
should have many positive spin-offs. Sustainable growth in China should boost world
trade volume. Sharper competition may spur much-needed reforms in the rest of Asia. If
their companies rise to the challenge, Asian countries will be among the biggest
beneficiaries of this increased volume, brought by China's accession to WTO.
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