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 s...

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Bibliographic Details
Main Authors:	Mattoo, Aaditya, Subramanian, Arvind
Format:	Policy Research Working Paper
Language:	English
Published:	2012
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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Summary:	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.

China and the World Trading System

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