Post-WTO economic effects on state-owned enterprises in China
Title | Post-WTO economic effects on state-owned enterprises in China PDF eBook |
Author | Ben Beiske |
Publisher | diplom.de |
Total Pages | 123 |
Release | 2003-10-21 |
Genre | Business & Economics |
ISBN | 3832473432 |
Inhaltsangabe:Abstract: The importance of the World Trade Organisation (WTO) for international free trade today has enticed China to join the WTO in December 2001. The significance of WTO membership for China cannot be underestimated, inevitably speeding up much-needed economic reform in the country. The gradual transition from a planned- to a market-economy is expected to continue in the future. The severity of the impacts for the economy will depend on how successful China is in providing policies that will assist the nation in the major adjustment problems that it faces in the future. The expected, actual, and needed implications for China s state-owned enterprises (SOEs) resulting from WTO membership will be investigated in detail; in the process, the significance of SOEs to the Chinese economy will be highlighted. SOEs are mostly ill- prepared for a post-WTO China, and the dismal state of these companies has already led to the decline of market share in the past decade. For the future, the retreat of the state is likely to continue. The main implications for SOEs from China s WTO membership are seen in the areas of competitiveness, corporate governance, privatisation, mergers and acquisitions, property rights, unemployment, and attracting and retaining qualified personnel. This dissertation offers one of the first detailed insights into the challenges facing China s SOEs today and the implications of China s WTO membership for these companies, while also highlighting the areas that require future attention. The understanding of the role and meaning of SOEs for the Chinese economy is of immense importance for foreign investors wanting to invest in the country, already cooperating with China s SOEs, or looking into the possibility of such. Inhaltsverzeichnis:Table of Contents: I.Table of Contents II.LIST OF TABLESIV III.LIST OF FIGURESV IV.GLOSSARYVI 1.INTRODUCTION1 1.1AIM &OBJECTIVES2 1.2OVERALL RESEARCH APPROACH3 1.3STRUCTURE OF THE DISSERTATION3 2.THE WTO & FREE TRADE4 2.1CHAPTER INTRODUCTION4 2.2THE WTO4 2.2.1UNDERSTANDING THE WTO4 2.2.2THE STRUCTURE &WORKING OF THE WTO7 2.2.3SIGNIFICANCE OF JOINING THE WTO13 2.3CHAPTER CONCLUSION16 3.CHINA & THE WTO18 3.1CHAPTER INTRODUCTION18 3.2CHINA S LONG MARCH TO WTO MEMBERSHIP18 3.2.1PROLONGED DIFFICULTIES19 3.2.2FINAL ACCESSION21 3.3CHAPTER CONCLUSION22 4.METHODOLOGY23 4.1CHAPTER INTRODUCTION23 4.2OVERALL RESEARCH APPROACH23 4.2.1OBJECTIVITY, VALIDITY & [...]
Post-WTO Economic on State-owned Enterprises in China
Title | Post-WTO Economic on State-owned Enterprises in China PDF eBook |
Author | Ben Beiske |
Publisher | |
Total Pages | 94 |
Release | 2003 |
Genre | |
ISBN |
The difficulties surrounding China's accession to the World Trade Organisation, and the likely impacts on China’s economy in post-WTO China
Title | The difficulties surrounding China's accession to the World Trade Organisation, and the likely impacts on China’s economy in post-WTO China PDF eBook |
Author | Ben Beiske |
Publisher | GRIN Verlag |
Total Pages | 24 |
Release | 2003-07-17 |
Genre | Political Science |
ISBN | 363820555X |
Seminar paper from the year 2003 in the subject Politics - Topic: International Organisations, grade: 1.6 (A), University of Manchester (Manchester School of Management), course: Manchester School of Management, language: English, abstract: What were the difficulties surrounding China’s accession to the World Trade Organisation (WTO)? Why has it taken the People’s Republic of China (PRC) over 15 years to join? What are the expected benefits and disadvantages of joining? What changes is WTO membership likely to bring to China’s economy in the future? These are the question this paper will address. WTO accession by China is often seen as the most significant event about China in the last decade, even ahead of the Taiwan Independence issue, which continues to penetrate world news periodically. Since the end of the Cultural Revolution in 1978, China has been on a course of economic reform. Today, Chinese are richer than ever before in history, with the country itself having experienced extended periods of extraordinary growth. Specifically, this report will highlight China’s first attempts to join the WTO more than 15 years ago in chapter two. Chapter three will focus on the main areas of difficulty surrounding WTO accession, while chapter four will comment on the final accession in December 2001. The expected economic advantages and disadvantages for China will be discussed in chapter five; finally, chapter six will offer a brief future outlook for China, again mainly from an economic perspective.
China's WTO Accession and the Impact on Its Large Manufacturing Enterprises
Title | China's WTO Accession and the Impact on Its Large Manufacturing Enterprises PDF eBook |
Author | Guy Shaojia Liu |
Publisher | World Scientific |
Total Pages | 82 |
Release | 2001 |
Genre | Political Science |
ISBN | 9789810245849 |
The greatest success of Chinese enterprise reform has been the creation of market competition. Competition has forced the state to retreat from non-strategic sectors and increased private ownership in the industry. This development has created ownership diversification in the Chinese industry, which is in line with the leadership's 2-R (?Retreat and Retain?) enterprise reform policy. The ownership diversification is a distinction of the reformed economy, called ?a socialist economy with Chinese characteristics?. The backbone of the economy is the large state firms in strategic sectors, largely shielded from international competition, in which most of them have been coping well with the domestically competitive environment. After China's entry to the WTO, can these firms still maintain their market dominance once all forms of protection are dismantled? Are Chinese firms ready for direct competition with their foreign rivals in the manufacturing sector? Will FAW, China's No. 1 state-owned automotive corporation, be defeated on its home ground by its foreign rivals in a freely accessed market? The core of these questions is about the sustainability of diversified ownership in the economy after it is integrated with the world trading system. Who will dominate the Chinese industry after the WTO entry: foreign or private ownership? The question is addressed by applying the market structure and entry theory of industrial economics, since WTO accession will basically result in change in both the market type and the market structure of the industry. Based on this, the study developed the market share testing theory to assess the competitiveness of dominant incumbents according to the type of market. The overall finding is that most large state incumbents will survive but their survival strategy will be changed from single ownership control to mixed ownership control. Thus, it is expected that more joint ventures between foreign and large state-owned firms will emerge in the post-WTO-entry economy. But whether such firms will evolve into foreign-controlled state-owned firms is an interesting question which remains to be answered.
China and the WTO
Title | China and the WTO PDF eBook |
Author | Petros C. Mavroidis |
Publisher | Princeton University Press |
Total Pages | 262 |
Release | 2021-01-05 |
Genre | Business & Economics |
ISBN | 0691206597 |
"China's accession to the World Trade Organisation (WTO) in 2001 was hailed as the natural conclusion of a long march that started with the reforms introduced by Deng Xiaoping in the 1970s. However, China's participation in the WTO since joining has been anything but smooth, and its self-proclaimed "socialist market economy" system has alienated many of its global trading partners - as recent tensions with the United States exemplify. Prevailing diplomatic attitudes tend to focus on two diametrically opposing approaches to dealing with the emerging problems: the first is to demand that China completely overhaul its economic regime; the second is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic and incompatible. In this book, Mavroidis and Sapir propose a third approach. They point out that, while the WTO (as well as its predecessor, the General Agreement on Tariffs and Trade [GATT]) has previously managed the accession of socialist countries or of big trading nations, it has never before dealt with a country as large or as powerful as China. Therefore, in order to simultaneously uphold its core principles and accommodate China's unique geopolitical position, the authors argue that the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Focusing on two core complaints - that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies (both private as well as SOEs) impose forced technology transfer on foreign companies as a condition for accessing the Chinese market - they lay out their specific proposals for successful legislative amendment"--.
The Chinese Economy after WTO Accession
Title | The Chinese Economy after WTO Accession PDF eBook |
Author | Shuanglin Lin |
Publisher | Routledge |
Total Pages | 374 |
Release | 2016-03-23 |
Genre | Business & Economics |
ISBN | 1317038525 |
This book provides an analysis of the Chinese economy in the context of globalization after China's admission to the WTO. In four parts it addresses globalization, privatization, fiscal policy and financial development. In depth analysis is also given to international trade, industrial development as well as economic performance and the labour market. The Chinese Economy after WTO Accession is a comprehensive study supported by recent data and quantitative analysis. It provides a solid basis for better understanding the possible future directions of China's economy. This volume is an indispensable source for scholars and students alike.
Reforming WTO Rules on State-Owned Enterprises
Title | Reforming WTO Rules on State-Owned Enterprises PDF eBook |
Author | Yingying Wu |
Publisher | Springer |
Total Pages | 265 |
Release | 2019-01-28 |
Genre | Law |
ISBN | 9811335613 |
This book argues that the trade-distorting effects of advantages associated with SOEs are more severe from an economic perspective, and the behavior of SOEs after receiving advantages is of more concern, compared to private-owned enterprises (POEs). The premise is that the existence of SOEs per se is not the essential problem; rather, the underlying problems are (i) the disproportionate granting of advantages to SOEs (compared to POEs) and (ii) the behavior of SOEs once they receive advantages. The book offers a systematic analysis focusing on the various advantages granted to SOEs and their subsequent behavior. Its detailed analysis reveals the inadequacy of current WTO rules and is complemented by a number of concrete proposals.