IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2004-41.html
   My bibliography  Save this paper

China's WTO Entry: Effects on Its Economy and Implications for the Philippines

Author

Listed:
  • Palanca, Ellen

Abstract

This paper investigates the implications of China’s accession to the World Trade Organization in December of 2001 for the Philippines based on an analysis of Philippines-China bilateral trade structure, a presentation of the commitments made by China for its WTO accession, and a discussion of this significant event on China’s own economy. The main commitments of China to WTO are market liberalization and the rule of law consistent with the legal framework of WTO. In the long run, China’s competitiveness will increase and its economic growth will experience another surge. For the Philippines, the positive impact of such developments includes: greater market opportunities for merchandise and service trade, greater foreign direct investment flows to and from China, and better protection for Philippine business interests and professionals in China. However, reduction of trade barriers for China and the rise in its competitiveness imply that the Philippines will find it increasingly difficult to compete with China particularly in third-country markets. Moreover, China’s rosy economy also makes competition for foreign direct investments difficult for the Philippines. This study includes recommendations for the Philippines so as to maximize the benefits from the available opportunities and minimize the negative impact of the unavoidable challenges.

Suggested Citation

  • Palanca, Ellen, 2004. "China's WTO Entry: Effects on Its Economy and Implications for the Philippines," Discussion Papers DP 2004-41, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2004-41
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/china-s-wto-entry-effects-on-its-economy-and-implications-for-the-philippines
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Austria, Myrna S., 1998. "The Emerging Philippine Investment Environment," Discussion Papers DP 1998-27, Philippine Institute for Development Studies.
    2. Mr. Harm Zebregs & Ms. Wanda S Tseng, 2002. "Foreign Direct Investment in China: Some Lessons for Other Countries," IMF Policy Discussion Papers 2002/003, International Monetary Fund.
    3. Gerald Epstein & Elissa Braunstein, 2002. "Bargaining Power and Foreign Direct Investment in China: Can 1.3 Billion Consumers Tame the Multinationals?," Working Papers wp45, Political Economy Research Institute, University of Massachusetts at Amherst.
    4. repec:phd:pjdevt:jpd_1998_vol__xxv_no__1-b is not listed on IDEAS
    5. Unknown, 2002. "Letters to the Editor," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 17(4), pages 1-1.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. repec:phd:pjdevt:pjd_2009_vol__xxxvi_no__2-c is not listed on IDEAS
    2. Wignaraja, Ganeshan & Lazaro, Dorothea & DeGuzman, Genevieve, 2010. "FTAs and Philippine Business: Evidence from Transport, Food, and Electronics Firms," ADBI Working Papers 185, Asian Development Bank Institute.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:phd:pjdevt:pjd_2004_vol__xxxi_no__2-a is not listed on IDEAS
    2. Lars WANG & Hidekazu ITOH, 2010. "Economic Effects of Information Technology Oriented Joint Ventures in China: A CGE Analysis," EcoMod2004 330600156, EcoMod.
    3. Lo, Dic & Hong, Fuhai & Li, Guicai, 2016. "Assessing the role of inward foreign direct investment in Chinese economic development, 1990–2007: Towards a synthesis of alternative views," Structural Change and Economic Dynamics, Elsevier, vol. 37(C), pages 107-120.
    4. A. Yasemin Yalta, 2011. "New Evidence on FDI-Led Growth: The Case of China," Working Papers 1107, TOBB University of Economics and Technology, Department of Economics.
    5. Nureya Abarca & Nicolás Majluf, 2003. "Women In Management: A Study Of Chilean Executives," Abante, Escuela de Administracion. Pontificia Universidad Católica de Chile., vol. 6(1), pages 55-81.
    6. Nguyen Kim Phuoc, 2016. "Impacts of local characteristics on regional FDI inflows into Mekong Delta," HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE - ECONOMICS AND BUSINESS ADMINISTRATION, HO CHI MINH CITY OPEN UNIVERSITY JOURNAL OF SCIENCE, HO CHI MINH CITY OPEN UNIVERSITY, vol. 6(1), pages 89-103.
    7. John S Henley, 2006. "Chasing the dragon: Accounting for the under-performance of India by comparison with China in attracting foreign direct investment," Working Papers id:756, eSocialSciences.
    8. Hübler, Michael, 2011. "Technology diffusion under contraction and convergence: A CGE analysis of China," Energy Economics, Elsevier, vol. 33(1), pages 131-142, January.
    9. Diego E. Vacaflores, 2011. "Was Latin America Correct In Relying In Foreign Direct Investment To Improve Employment Rates?," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    10. Yin‐Wong Cheung & XingWang Qian, 2010. "Capital Flight: China's Experience," Review of Development Economics, Wiley Blackwell, vol. 14(2), pages 227-247, May.
    11. Arvind Virmani, 2009. "China’s Socialist Market Economy: Lessons for Democratic Developing Countries," Working Papers id:1899, eSocialSciences.
    12. repec:phd:pjdevt:pjd_2002_vol__xxix_no__2-d is not listed on IDEAS
    13. Lee, Hsiu-Yun & Lin, Kenneth S. & Tsui, Hsiao-Chien, 2009. "Home country effects of foreign direct investment: From a small economy to a large economy," Economic Modelling, Elsevier, vol. 26(5), pages 1121-1128, September.
    14. K.S. Jomo & Ilene Grabel & Gerald Epstein, 2003. "Capital Management Techniques In Developing Countries: An Assessment of Experiences From the 1990s and Lessons for the Future," Working Papers wp56, Political Economy Research Institute, University of Massachusetts at Amherst.
    15. Jiangyan Yu & Mr. James P Walsh, 2010. "Determinants of Foreign Direct Investment: A Sectoral and Institutional Approach," IMF Working Papers 2010/187, International Monetary Fund.
    16. Seguino, Stephanie, 2007. "Is more mobility good?: Firm mobility and the low wage-low productivity trap," Structural Change and Economic Dynamics, Elsevier, vol. 18(1), pages 27-51, March.
    17. Jeon, Yongbok & Park, Byung Il & Ghauri, Pervez N., 2013. "Foreign direct investment spillover effects in China: Are they different across industries with different technological levels?," China Economic Review, Elsevier, vol. 26(C), pages 105-117.
    18. Elijah D. Bolluyt & Cristina Comaniciu, 2019. "Dynamic Influence on Replicator Evolution for the Propagation of Competing Technologies," Papers 1911.03000, arXiv.org.
    19. Manuel Fernandez & Aysha Abdulla Ahmed Aljeed Alnuaimi & Robinson Joseph, 2020. "FDI Environment in China: A Critical Analysis," International Journal of Financial Research, International Journal of Financial Research, Sciedu Press, vol. 11(5), pages 238-253, October.
    20. Chen, George S. & Yao, Yao & Malizard, Julien, 2017. "Does foreign direct investment crowd in or crowd out private domestic investment in China? The effect of entry mode," Economic Modelling, Elsevier, vol. 61(C), pages 409-419.
    21. You, Kefei & Solomon, Offiong Helen, 2015. "China's outward foreign direct investment and domestic investment: An industrial level analysis," China Economic Review, Elsevier, vol. 34(C), pages 249-260.
    22. Lindbeck, Assar, 2006. "Economic-Social Interaction during China’s Transition," Working Paper Series 680, Research Institute of Industrial Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2004-41. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.