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After the World Trade Organization’s (WTO) critical December 2005 Hong Kong ministerial meeting, negotiations to implement the Doha Development Agenda (DDA) broke down completely in the summer of 2006. This book offers a detailed and critical evaluation of how and why the negotiations arrived at this point and what the future holds for the WTO. It brings together leading scholars in the field of trade from across the social sciences who address the key issues at stake, the principal players in the negotiations, the role of fairness and legitimacy in the Doha Round, and the prospects for the DDA’s conclusion. The WTO after Hong Kong is the most comprehensive account of the current state of the World Trade Organization and will be of enormous interest to students of trade politics, international organizations, development and international political economy.
From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party’s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China’s accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China’s mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.
Rorden Wilkinson explores the factors behind the collapse of World Trade Organisation (WTO) ministerials – as in Seattle in 1999 and Cancun in 2003 – and asks why such events have not significantly disrupted the development of the multilateral trading system. He argues that the political conflicts played out during such meetings, their occasional collapse and the reasons why such events have so far not proven detrimental to the development of the multilateral trading system can be explained by examining the way in which the institution was created and has developed through time. In addition, this new text: explores the development of the multilateral trading system from the creation of the General Agreement on Tariffs and Trade (GATT) in 1947 to the WTO’s Hong Kong ministerial in December 2005 examines the way in which the interaction of member states has been structured by the institution’s development assesses the impact of institutional practices and procedures on the heightening of political tensions and explains why WTO ministerials exhibit a propensity to collapse but why the breakdown of a meeting has so far not prevented the institution from moving forward This book will be of interest to scholars and students of international politics, economics and law
Focusing on the impact of WTO disciplines, this book explores the WTO’s contribution to domestic reform, economic integration and dispute settlement of China, Taiwan, Hong Kong and Macau: the four WTO Members in Greater China.
This work analyses the implications for world trade of China's entry into the World Trade Organization. It has taken fifteen long years of dialogue and heated debate and it will take its place among the other members at the end of 2001. This momentous event is relayed by the next WTO Chairman.
A comprehensive account of the establishment of the World Trade Organization, focusing on those who shaped its creation as well as those who have influenced its evolution. The book examines trade negotiations, the WTO's dispute settlement role, the presence of coalitions and groupings within the WTO, the process of joining the organization and many other topics, including what lies ahead for the organization.
With China's accession to the World Trade Organization imminent, this book brings together the expert views of scholars, policy-makers and business representatives on the consequences of this historic event. Insight into the past and future of China's relationship to the WTO is offered by authors involved on both sides of the negotiations on the EU-China bilateral agreement of May 2000 and the on-going negotiations up to spring 2001. An analyst and representatives from four economic sectors (the automobile industry, telecommunications, insurance and banking) clash over their predictions for the future. Also presented is an investigation of the challenges for China's political, social and legal systems, and revealing prognoses are given for the implications for global trade and investment flows for the EU and Greater China, and for the modus operandi of the WTO itself. By shedding light on economic effects and social and legal implications, the book gives a comprehensive picture of potential challenges arising from China's entry to the WTO.
This book provides an in-depth analysis of "Mega-Regionals", the new generation of trans-regional free-trade agreements (FTAs) currently under negotiation, and their effect on the future of international economic law. The main focus centres on the EU-US Transatlantic Trade and Investment Partnership (TTIP), the Trans-Pacific Partnership (TPP) and the EU-Canada Comprehensive Economic and Trade Agreement (CETA), but the findings are also applicable to similar agreements under negotiation, such as the Regional Comprehensive Economic Partnership (RCEP).The specific features of Mega-Regional Trade Agreements raise a number of issues with respect to their potential effect on the current system of international trade and investment law. These include the consequences of Mega-Regionals for the most-favoured-nation (MFN) principle, their relation to the multilateral system of the World Trade Organization (WTO), their democratic legitimacy and their interaction with existing bilateral investment treaties (BITs).The book is intended for academics and practitioners working in the field of international economic law.
This is Selected topic 8 of the book entitled "The Revival of China". The full book is about the revival of China in the 20th century and the first decade of the 21st century. This topic is about the practice of DENG Xiao-ping in pushing for Reform and Opening Up while at the same time insisting the Four Cardinal Principles. It also records how JIANG Ze-min and HU Jing-tao followed DENG’s route in the development of China, and made China became, in the year of 2010, the second largest economy in the world and preliminary revival of China.
This work seeks to look beyond the seemingly endless deadlock in the WTO’s Doha round of trade negotiations that began in November 2001 and were first scheduled to conclude by January 1, 2005. As well as offering an incisive analysis of the ills of the round, with particular attention directed at the poorest and least developed countries, the book expands on how the round could be moved forward elaborating on the Statement on the Doha Development Agenda that was negotiated in Johannesburg . The work as a whole provides the reader with a critical analysis of the implications of the negotiations for development and poverty reduction as well as proposals for moving beyond the current impasse. The volume brings together contributions from serving and former ambassadors to the WTO, key practitioners, and civil society representatives along with those of leading scholars. Each chapter explores an area of critical importance to the round; and together they stand as an important contribution to debates not only about the Doha round but also about the role of trade in the amelioration of poverty in the poorest countries.