China in the WTO: Threat or promise of good things to come?

Issues and Studies

Volumn 36, Issue 1, 2000, Pages 143-159

  Prybyla, Jan S ^a  

^a NONE

Author keywords

China; Economic liberalization; Most favored nation treatment (MFN); Trade disputes; World trade organization (WTO)

Indexed keywords

EID: 0000158063     PISSN: 10132511     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (24)

1. At 〈http://www.wto.org〉 (December 29, 1999).
2. For reasons beyond the Organization's control, these initiatives were not adopted.
3. On the panel process of handling disputes in the WTO: 〈http://www.wto.org/wto/about/dispute2〉 (December 30, 1999), and 〈http://www.wto.org/wto/about/dispute〉.
4. At 〈http://www.wto.org/wto/about/dispute2〉 (December 30, 1999); George Gilder, "The Faith of a Futurist," The Wall Street Journal, January 1, 2000, R28.
5. At 〈http://www.wto.org/wto/about/dispute2〉 (December 30, 1999); George Gilder, "The Faith of a Futurist," The Wall Street Journal, January 1, 2000, R28.
6. The same difficulty is experienced by domestic regulatory agencies of national governments. See Jan S. Prybyla, "Modernization and Modernity in the Process of Economic Growth and Development," Issues & Studies 31, no. 4 (April 1995). 11.
7. State trading enterprises are defined as "governmental and nongovernmental enterprises, including marketing boards, which have been granted exclusive or special rights or privileges, including statutory or constitutional powers, in the exercise of which they influence through their purchases or sales the level or direction of imports or exports." At 〈http://www.wto. org/wto/goods/statrad.htm〉 (December 30, 1999).
8. James M. Buchanan (1986 laureate of the Nobel prize in economics), "Saving the Soul of Classical Liberalism," The Wall Street Journal, January 1, 2000, R29;
9. Douglas A. Irwin, Against the Tide: An Intellectual History of Free Trade (Princeton, N.J.: Princeton University Press, 1996).
10. Stalin once said that "paper will put up with anything written on it." Mao simplified things by dispensing with the writing altogether.
11. "[O]ne of the world's most brutal dictatorships." The Economist, October 23, 1999, 18. However, the editors also recognize "the realpolitik of the situation," that the democratic countries have "to deal with the China that exists, not the China [they] would like to exist."
12. The Far Eastern Economic Review (November 13, 1999, 40) notes, however, that Mr. Zhu, "blunt, impatient and uncorrupt . . . in many ways an admirable man," is in some ways the same as his colleagues in the communist bureaucracy of which he is a product. He does not believe in free choice and free markets, or the privatization of the biggest "strategic" state-owned enterprises, or that there has been anything seriously wrong with the handling of the Falun Gong, or "that Taiwan has the right to determine its own future."
13. See Nicholas R. Lardy, China's Unfinished Economic Revolution (Washington, D.C.: Brookings Institution Press, 1998); Jan S. Prybyla, "China and Taiwan: A Comparative Study of Economic Problems Since the Asian Financial Crisis," in Taiwan, Hong Kong, and Mainland China: Democratization, Political Participation, and Economic Development in the 1990s, ed. Winston L. Yang and Deborah A. Brown (Jamaica, N.Y: Center for Asian Studies, St. John's University, 2000), (Forthcoming).
14. See Nicholas R. Lardy, China's Unfinished Economic Revolution (Washington, D.C.: Brookings Institution Press, 1998); Jan S. Prybyla, "China and Taiwan: A Comparative Study of Economic Problems Since the Asian Financial Crisis," in Taiwan, Hong Kong, and Mainland China: Democratization, Political Participation, and Economic Development in the 1990s, ed. Winston L. Yang and Deborah A. Brown (Jamaica, N.Y: Center for Asian Studies, St. John's University, 2000), (Forthcoming).
15. THe same could occur in the event of a significant economic slowdown, which currently the government is trying to prevent with massive infrastructural investment expenditures and, unfortunately, state bank bailouts of inefficient SOEs. "At its most serious, a loss of faith by depositors in state banks, into which households continue to shovel money, would pose an almighty test of stability." The Economist, March 20, 1999, 47. In the absence or underdeveloped state of other investment instruments, households shovel their savings into the banks in anticipation of future unemployment consequent on reform-induced economic rationalization.
16. Craig S. Smith, "Chinese Express Reservations about WTO Membership," The Wall Street Journal, November 17, 1999, A17.
17. The Economist, November 20, 1999, 17.
18. Nicholas R. Lardy, "Clinton Spurned a Great WTO Deal with China," The Wall Street Journal, April 20, 1999, A22.
19. "Deal of the Century," Far Eastern Economic Review, November 25, 1999, 11, which gives a summary comparison of the April and November terms of the deal. Also see note 15 above and The Wall Street Journal, November 16, 1999, A1, A2, A19, for the April offer.
20. "Deal of the Century," Far Eastern Economic Review, November 25, 1999, 11, which gives a summary comparison of the April and November terms of the deal. Also see note 15 above and The Wall Street Journal, November 16, 1999, A1, A2, A19, for the April offer.
21. Edward S. Steinfeld, "Full-Speed Around," Far Eastern Economic Review, October 7, 1999.
22. This according to a recent study by two academics at the City University of Hong Kong. The Economist, November 20, 1999, 28. Cf. John Dixon and David Newman, Entering the Chinese Market: The Risks and Discounted Rewards (Westport, Conn. and London: Quorum Books, 1998).
23. This according to a recent study by two academics at the City University of Hong Kong. The Economist, November 20, 1999, 28. Cf. John Dixon and David Newman, Entering the Chinese Market: The Risks and Discounted Rewards (Westport, Conn. and London: Quorum Books, 1998).
24. "The Party's Rule of Law," Far Eastern Economic Review, October 7, 1999, 54.