LEADER 03954nam 22005894a 450 001 9910818833403321 005 20240410153556.0 010 $a0-8157-9869-5 035 $a(CKB)111087027973554 035 $a(OCoLC)614581248 035 $a(CaPaEBR)ebrary10026259 035 $a(SSID)ssj0000180343 035 $a(PQKBManifestationID)11179441 035 $a(PQKBTitleCode)TC0000180343 035 $a(PQKBWorkID)10168102 035 $a(PQKB)11537022 035 $a(OCoLC)1017610058 035 $a(MdBmJHUP)muse60868 035 $a(Au-PeEL)EBL3004327 035 $a(CaPaEBR)ebr10026259 035 $a(OCoLC)53795198 035 $a(MiAaPQ)EBC3004327 035 $a(EXLCZ)99111087027973554 100 $a20011129d2002 uy 0 101 0 $aeng 135 $aur|||||||nn|n 181 $ctxt 182 $cc 183 $acr 200 10$aIntegrating China into the global economy /$fNicholas R. Lardy 205 $a1st ed. 210 $aWashington, D.C. $cBrookings Institution Press$dc2002 215 $a1 online resource (256 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 $a0-8157-5136-2 320 $aIncludes bibliographical references (p. 177-230) and index. 327 $aChina enters the World Trade Organization -- China's pre-WTO trade reforms -- China's accession to the World Trade Organization -- Implications of China's entry -- China, the world economy, and U.S. policy. 330 $aChina's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading country while avoiding these constraints by remaining outside the system? The answer to this question forms the basis for this new book. Nicholas Lardy explores the many pressures on the Chinese government, both external and internal, to comply with the standards of the rule-based international trading system. Lardy points out that, prior to entry into the WTO, China enjoyed high growth rates and more foreign direct investment than any other emerging economy. He draws on a wealth of scholarship and experience to explain how China's leadership expects to leverage the increased foreign competition inherent in its WTO commitments to accelerate its domestic economic reform program, leading to the shrinkage and transformation of inefficient, money-losing companies and hastening the development of a commercial credit culture in its banks. Lardy answers a number of other questions about China's new WTO membership, including its effects on bilateral trade with the United States; the possibility that China will use its power to reshape the WTO in the future; the degree to which the terms of China's entry were more or less demanding than those for other new members; the ability of China's economy to successfully open to new imports; and the prospects for new growth in various sectors of China's economy made possible by WTO accession. This book will become an important tool for those who wish to understand 330 8 $aChina's new role in the global trading system, to take advantage of the new opportunities for investment in China. 607 $aChina$xForeign economic relations 607 $aChina$xCommercial policy 607 $aChina$xForeign economic relations$zUnited States 607 $aUnited States$xForeign economic relations$zChina 676 $a337.51 700 $aLardy$b Nicholas R$0121566 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910818833403321 996 $aIntegrating China into the global economy$9663194 997 $aUNINA