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"China
and the WTO"
Business
Week, October 22 , 2001
Synopsis:
This article discusses diverse aspects of China's World Trade
Organization (WTO) debut. The market discipline required by WTO
rules may help China transit to a market economy. The promise
of market-friendly reform as well as the rising wealth may make
it easier to attract more foreign investors. The abundant workforce
including low-paid engineers, coupled with the cost of industrial
land that is among the cheapest in the world, makes China a formidable
manufacturing center. This article also discusses dark sides of
China's WTO debut including social problems related to the rising
numbers of the unemployed. It also discusses the impact of China's
WTO debut on other countries especially those in Asia.
Full-text
Article: http://www.businessweek.com:/print/magazine/content/01_43/b3754126.htm?mainwindow
Text connection: Chapter 5 "The Political Economy
of International Trade" (pp.167-173).
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