China's Integration into the World Economy: implications for developing countries

Yongzheng Yang

Asian-Pacific Economic Literature, 2006, vol. 20, issue 1, 40-56

Abstract: With China's accession to the World Trade Organization in late 2001, many of its trading partners have become concerned that the resulting increased competition in the world's goods and capital markets will adversely affect their own growth prospects. This paper argues that China's closer integration into the world economy will impose adjustment costs on its trading partners in the short to medium term, but that the benefits it generates are likely to dominate in the long run.

Date: 2006
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