Summary of China and the WTO

Changing China, Changing World Trade

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China and the WTO book summary
Membership in the World Trade Organization may be good for China, but it will not be easy for China — or its neighbors.

Rating

7 Overall

4 Applicability

9 Innovation

7 Style

Recommendation

This book is a bit unfocused, but even its tangents are interesting. You get a few pages here on Chinese history, a few pages there of polemic about rich nations’ unfair trading practices, here a digression, there a ramble. It’s not completely about China and it’s not completely about the WTO, though those bases are covered, and the other subjects it touches upon - including Asian regional economics - add to its value. The authors put both sides of the debate over trade in reasonably fair focus. getAbstract.com confirms that what they say about China, while not new, merits mulling over by anyone affected by globalization.

In this summary, you will learn

  • How China will have to adjust internally to being a WTO member
  • Why and how being in the WTO affects China
  • How China challenges the fundamental underpinnings of the global trade system
 

Summary

WTO Membership Challenges China
China is critically important to the world. China’s decisions on any major issue have implications not only regionally, but globally. Ironically, the thumbs-up for China by the World Trade Organization came on September 17, 2001, less than a week after the...
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About the Authors

Dr. Supachai Panitchpakdi is the former Deputy Prime Minister and Minister of Commerce of Thailand. His term as World Trade Organization (WTO) Director-General began in September, 2002. Mark L. Clifford is the Asia Regional Editor for BusinessWeek, and former business editor of the Far Eastern Economic Review.


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