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China and the World Trading System

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  • Aaditya Mattoo
  • Arvind Subramanian

Abstract

The World Trade Organization has been until recently an effective framework for cooperation because it has continually adapted to changing economic realities. The current Doha Agenda is an aberration because it does not reflect one of the largest shifts in the international economic and trading system: the rise of China. Although China will have a stake in maintaining trade openness, an initiative that builds on but redefines the Doha Agenda would anchor China more fully in the multilateral trading system. Such an initiative would have two pillars. The first is a new negotiating agenda that would include the major issues of interest to China and its trading partners, and thus unleash the powerful reciprocal liberalization mechanism that has driven the World Trade Organization process to previous successes. The second is new restraints on bilateralism and regionalism that would help preserve incentives for maintaining the current broadly non-discriminatory trading order.
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Suggested Citation

  • Aaditya Mattoo & Arvind Subramanian, 2012. "China and the World Trading System," The World Economy, Wiley Blackwell, vol. 35(12), pages 1733-1771, December.
    • Handle: RePEc:bla:worlde:v:35:y:2012:i:12:p:1733-1771
    DOI: twec.12017
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    Cited by:

    1. Christian Milelli & Alice Nicole Sindzingre, 2013. "Chinese Outward Foreign Direct Investment in Developed and Developing Countries: Converging Characteristics?," Working Papers hal-04141177, HAL.
    2. José R. Sánchez-Fung, 2016. "Reviewing Trade Policy in China During the Transition to Balanced Economic Growth," The World Economy, Wiley Blackwell, vol. 39(12), pages 1934-1946, December.
    3. Alexander C. Ugwukah & Daniel Kelly Kasili, 2023. "Historicizing the Emergence of China as a World Economic Power: Strategies, Challenges and Prospects," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 7(5), pages 561-573, May.

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