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ISBN: 0844741078Издательство: American Enterprise Institute Press
Prospects for the accession of the People's Republic of China to the World Trade Organization in the near future have diminished considerably. Recently, many policymakers predicted that the PRC would most likely enter the WTO no later than 1999 or 2000. Given a variety of recent economic and political developments in both Asia and the West (particularly the United States), it now seems likely that the negotiations concerning China's accession will be much more protracted. In Tiger by the Tail, the authors analyze that impasse by assessing the sticking points in particular sectors. More importantly, they propose guidelines for how the WTO should address the accession not only of China but of other nonmarket economies as well. The authors focus both onthe terms of China's accession to the WTO and on the terms of transition after China inevitably enters. How the WTO deals with nonmarket economies will be critically important to building an effective multilateral trading system based...