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The Oxford Companion to the Economics of China$
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Shenggen Fan, Ravi Kanbur, Shang-Jin Wei, and Xiaobo Zhang

Print publication date: 2014

Print ISBN-13: 9780199678204

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199678204.001.0001

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China and the WTO

China and the WTO

Chapter:
(p.125) 18 China and the WTO
Source:
The Oxford Companion to the Economics of China
Author(s):

Aaditya Mattoo

Arvind Subramanian

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199678204.003.0019

This chapter examines the impact of China’s accession to the World Trade Organization (WTO). It considers the challenge of accommodating China in the future, given its continued economic dominance. It suggests that if the previous bargain made at the time of China’s WTO accession is no longer in equilibrium, then a new bargain may need to be struck, which would reflect China’s increased size. One way to keep China anchored in the multilateral system would be for its trading partners to embrace multilateralism. This would signal a belief in the intrinsic worth of multilateralism rather than just as an instrument to contain China.

Keywords:   World Trade Organization, economic dominance, international trade, multilateralism, WTO

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