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Essay / Research Paper Abstract
This 10 page paper considers the potential impact that membership of the World Trade Organisation by China may have on the world economy. Looking at the poison of China and the current status of the world economy the paper argues that Chinese membership will have both direct and indirect effect which may result in an increased stimulation of the world’s economy. The bibliography cites 8 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEchinwt.rtf
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Unformatted sample text from the term paper:
of isolation, as seen within the last half century, but one that emerged after 1950, after the Peoples Republic of China was formed. Before this the country had been a
founding member of GATT. The country has been seeking membership of GATT and also for the WTO, the way in which this will impact on China has been the
subject of many studies, with indication of the impact for trade internally and the impact on the Chinese markets. However, when looking at China and the size of its economy,
it is unlikely that the WTO and global trade will be unaffected. Most reports look at the impact on China or one of its near neighbours as a result of
the WTO membership. In this paper the opposite perspective will be used. In joining the WTO there will be far reaching effects for the WTO, these have yet to be
seen, but theory and existing models may indicate the way that this will impact on world trade. To begin with the background of the Chinese economy needs to be considered
before the impacts can be understood. II. Chinese Economic Background. The economy of China is one of the largest in the world. GDP; Purchasing parity was $4.8 trillion
in 1999 (CIA, 2002).GDP Per Capita; $3,800 in 1999 (CIA, 2002). The GDP per capita indicates there is a wide potential for growth, but the overall level is high.
GDP Growth Rate; 7% (CIA, 2002). This is a fast rate when compared to other WTO members, as it is one of the highest growth rates and man stimulate trade.
However, it is also worth noting that this is relatively low for China in recent years. GDP by sector can be seen
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