The impact of the membership in the WTO on China's foreign trade. Implications for the world economy

Elżbieta Majchrowska

Abstract

In 1978 China adopted a new strategy of socio-economic development, which key element was integration into the world economy. As a crucial factor in this process, People’s Republic of China accessed the World Trade Organization in 2001. The goal of this dissertation is to describe the consequences of the accession into WTO for Chinese economy, world trade turnover and international trade system. The main thesis is that this accession was the major reason for fast growth of Chinese trade, and as a result, Chinese economy. Furthermore, this resulted in China becoming a major hub for stimulating international trade. Finally, this resulted in China becoming a major player in world economy. This dissertation is organized as follows. First two chapters discuss trade theory and changes in international trade system (ITO → GATT → WTO) as well as the role of China in this system. Chapter 3 discusses China’s economic opening and characteristics of this opening in two time periods: before accession into WTO, and after it. In this context, the impact of world economic crisis on the Chinese economy has been considered with special attention paid to an ongoing shift towards internal market, which is accompanied by a problem of protectionism. Chapter 4 discusses the effect of WTO membership on the past and future of Chinese economy, East Asia region and the world economy. This chapter also analyzes trade between China and Poland. Specifically, trade asymmetry and trade deficit are discussed. The conclusion is that WTO membership has been a key factor in China’s economic development thus substantially influencing growth of international trade and structural changes in the world economy.
Diploma typeDoctor of Philosophy
Author Elżbieta Majchrowska
Elżbieta Majchrowska,,
-
Title in EnglishThe impact of the membership in the WTO on China's foreign trade. Implications for the world economy
Languagepl polski
Certifying UnitFaculty of Economic Sciences (ES)
Disciplineekonomia / nauki ekonomiczne(nauki ekonomiczne) / nauki społeczne()
Defense Date18-12-2013
End date08-05-2014
Supervisor Kazimierz Starzyk
Kazimierz Starzyk,,
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Internal reviewers Bogusława Drelich-Skulska (ES / DIER)
Bogusława Drelich-Skulska,,
- Department of International Economic Relations
External reviewers Tadeusz Sporek
Tadeusz Sporek,,
-
Pages291
Keywords in EnglishChina, World economy, International trade, The World Trade Organization, Trade policy
Abstract in EnglishIn 1978 China adopted a new strategy of socio-economic development, which key element was integration into the world economy. As a crucial factor in this process, People’s Republic of China accessed the World Trade Organization in 2001. The goal of this dissertation is to describe the consequences of the accession into WTO for Chinese economy, world trade turnover and international trade system. The main thesis is that this accession was the major reason for fast growth of Chinese trade, and as a result, Chinese economy. Furthermore, this resulted in China becoming a major hub for stimulating international trade. Finally, this resulted in China becoming a major player in world economy. This dissertation is organized as follows. First two chapters discuss trade theory and changes in international trade system (ITO → GATT → WTO) as well as the role of China in this system. Chapter 3 discusses China’s economic opening and characteristics of this opening in two time periods: before accession into WTO, and after it. In this context, the impact of world economic crisis on the Chinese economy has been considered with special attention paid to an ongoing shift towards internal market, which is accompanied by a problem of protectionism. Chapter 4 discusses the effect of WTO membership on the past and future of Chinese economy, East Asia region and the world economy. This chapter also analyzes trade between China and Poland. Specifically, trade asymmetry and trade deficit are discussed. The conclusion is that WTO membership has been a key factor in China’s economic development thus substantially influencing growth of international trade and structural changes in the world economy.
Thesis file
Majchrowska_Wplyw_członkostwa_w_ WTO_na_handel_zagraniczny_Chin.pdf 3,28 MB

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