Economics, Econometrics and Finance
5 years ago

China's WTO Accession Transforms Global Trade Dynamics and Economic Growth.

Bussecon Review of Social Sciences (2687-2285)
Expansion of GATT / WTO Membership and an Overview of China’s Accession to the WTO
Sovik Mukherjee

Paper Summary

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The GATT / WTO system has expanded its membership from 22 to over 140 countries, including many developing nations. China's accession to the WTO in 2000 marked a shift towards more inclusive trade rules. This move has helped China grow economically, increase trade, attract foreign investment, and align its intellectual property regulations with WTO standards. Comparisons between China and India, two major emerging economies, are also discussed in the article.