Economic Engine? Foreign Trade and Investment in China

1996 ◽  
Vol 14 (1) ◽  
pp. 10 ◽  
Author(s):  
Nicholas R. Lardy
1961 ◽  
Vol 20 (4) ◽  
pp. 435-448 ◽  
Author(s):  
Chi-Ming Hou

Few would deny that one of the most important factors shaping the Chinese economy in the past hundred years or so was the economic contact between China and the West. This external economic confrontation has been widely held by the Chinese as a factor detrimental to the development of the Chinese economy. First, it is argued that foreign trade and foreign investment in China upset the Chinese economy by ruining handicraft industries and disrupting agriculture. Secondly, foreign trade and investment in China are alleged to have drained the Chinese economy of its wealth because of the secular unfavorable balance of trade of China and the large amount of income made or remitted to their home countries by Western enterprises in China. Thirdly, it is maintained that foreign enterprises in China were so effective in their competitive power or enjoyed so many advantages secured on their behalf by their respective governments that the Chinese-owned modern enterprises were hopelessly oppressed and had little chance, if any, to grow.


2007 ◽  
Vol 191 ◽  
pp. 720-741 ◽  
Author(s):  
Julia Ya Qin

AbstractThis article assesses the impact of China's accession to the World Trade Organization on its foreign trade and investment regime. While the government had begun liberalizing the Chinese economy long before joining the WTO, the accession induced regulatory, institutional and normative changes that have transformed the landscape of trade and investment in China. The profound impact of the WTO stems directly from the extensive commercial and rule commitments China undertook in its accession. Focusing on the most significant of these commitments, the article examines their implications for Chinese constitutional law and their effect on the regulation of foreign trade, foreign investment, intellectual property rights and domestic governance. Additionally, it looks at the impact of WTO disputes on Chinese law and practice. It concludes that China's accession has made its foreign trade and investment regime far more liberalized and less opaque than a decade ago. More importantly, the accession has institutionalized the process of China's domestic reform externally through the force of WTO obligations. Although much uncertainty remains concerning the future direction of government policies, WTO membership ensures that the course of China's economic development will be charted within the disciplines of the WTO system.


1949 ◽  
Vol 64 (1) ◽  
pp. 118
Author(s):  
Antonin Basch ◽  
Norman S. Buchanan ◽  
Friedrich A. Lutz

2000 ◽  
Vol 99 (638) ◽  
pp. 263-267 ◽  
Author(s):  
Michael A. Santoro

American trade and investment in China is helping create a middle class with power and interests independent of the state. Will it be the fertile ground in which the seeds of democracy take root?


1988 ◽  
Vol 16 (2) ◽  
pp. 83-100
Author(s):  
Igor I. Kavass

The Grupo Andino (also known as the Andean Common Market (or ANCOM), Acuerdo de Cartagena, and the Andean Pact) is an organization for the economic integration of the five South American countries located in the central and northern parts of the massive Andean mountain range. The present members of the organization are Bolivia, Colombia, Ecuador, Peru and Venezuela. Originally, when the Grupo Andino was established by means of a treaty known as the Cartagena Agreement (Acuerdo de Cartagena) in 1969, Chile was one of the founding members, whereas Venezuela abstained from joining the organization until 1973. As Chile began to develop a more flexible foreign trade and investment policy in the middle 1970's than was acceptable to the other Grupo Andino countries, it gradually withdrew from the organization's activities, and finally ceased to be a member in late 1976.


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