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China's Integration into the World Economy: implications for developing countries

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  • Yongzheng Yang

Abstract

With China's accession to the World Trade Organization in late 2001, many of its trading partners have become concerned that the resulting increased competition in the world's goods and capital markets will adversely affect their own growth prospects. This paper argues that China's closer integration into the world economy will impose adjustment costs on its trading partners in the short to medium term, but that the benefits it generates are likely to dominate in the long run.

Suggested Citation

  • Yongzheng Yang, 2006. "China's Integration into the World Economy: implications for developing countries," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 20(1), pages 40-56, May.
    • Handle: RePEc:bla:apacel:v:20:y:2006:i:1:p:40-56
    DOI: 10.1111/j.1467-8411.2006.00177.x
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    References listed on IDEAS

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    1. Marcus Noland & Bela Balassa, 1988. "Japan in the World Economy," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 0412.
    2. Zhi Wang, 2001. "The impact of China's WTO accession on trade and economic relations across the Taiwan Strait," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 9(3), pages 743-785, November.
    3. Ianchovichina, Elena, 2001. "Trade Liberalization in China’s Accession to WTO," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 421-445.
    4. Sumiya, Mikio, 2000. "A History of Japanese Trade and Industry Policy," OUP Catalogue, Oxford University Press, number 9780198292517, Decembrie.
    5. Diwan, Ishac & Hoekman, Bernard, 1999. "Competition, Complementarity and Contagion in East Asia," CEPR Discussion Papers 2112, C.E.P.R. Discussion Papers.
    6. Will Martin, 2001. "Implications of reform and WTO accession for China' agricultural policies," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 9(3), pages 717-742, November.
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    Cited by:

    1. Cuneyt Koyuncu & Rasim Yilmaz, 2010. "Chinese exports and productivity gains: panel evidence," Asian-Pacific Economic Literature, Asia Pacific School of Economics and Government, The Australian National University, vol. 24(2), pages 161-170, November.
    2. Fujita, Mai, 2007. "Local Firms in Latecomer Developing Countries amidst China's Rise -The case of Vietnam's motorcycle industry-," IDE Discussion Papers 97, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    3. Nguyen, Huong, 2016. "China’s Agricultural Exports and their Effects on other Exporters," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235901, Agricultural and Applied Economics Association.
    4. Xuefeng Qian & Kalsoom Rafique & Yingna Wu, 2020. "Flying with the Dragon: Estimating Developing Countries’ Gains from China's Imports," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 28(5), pages 1-25, September.

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