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ID:
158911
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| Summary/Abstract |
Following China's accession to the World Trade Organization (WTO), it has been impossible to overlook the influence of its economy on the multilateral trading system. Many published studies have examined why China joined the WTO and the comprehensive impacts of WTO membership on China, but few studies have focused on China's impact on the WTO. This article attempts to fill this gap by examining China's changing role in the multilateral trading system from political and legal perspectives, seeking to shed light on how Chinese characteristics have reshaped the power structure and rule‐based system of the WTO. While its accession has made the WTO more relevant in regards to global trade governance, China has been accused of upsetting the WTO's rules‐based system because of its unique political and economic regime. The WTO and its members should take the Chinese characteristics into consideration and regulate China's practices through using the dispute settlement mechanism, promoting China's accession to plurilateral agreements and adopting a “soft law” approach.
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| 2 |
ID:
187787
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| Publication |
New Delhi, KW Publishers Pvt Ltd, 2021.
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| Description |
xxix, 190p.hbk
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| Series |
Sapru House Soundings on Area Studies
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| Standard Number |
9789383445530
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 060253 | 327.5406/RAY 060253 | Main | On Shelf | General | |
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| 3 |
ID:
096251
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| Publication |
2010.
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| Summary/Abstract |
No good deed goes unpunished: the WTO's timely response to accommodate the new powers-Brazil, India and China-at the heart of its decision-making has produced new inefficiencies, has heightened its proclivity to deadlock, and has exacerbated disengagement and disillusionment among all its stakeholders. Particularly in the context of a major economic crisis, a reliable international institution is necessary to ensure the continued provision of freer trade-well-recognized as the route to recovery. With the WTO's recent record to provide these necessary public goods under doubt, where do the solutions lie? This article discusses the changing role of the new powers in the WTO, and further analyses the opportunities and challenges that these developments generate. The concluding section examines possible routes to reform. While very little can, or indeed should, be done to alter the balance of power itself, it is argued that appropriate institutional reform can help the multilateral trading system retain the advances it has made on grounds of fairness and further address the concerns of efficiency that are central to the crisis that it faces today.
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