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China's
Entry to the WTO
Xiaokai Yang
Department of Economics, Monash University
Abstract
The paper predicts two possible outcomes of China's accession to the
WTO. If this stimulates the initiation of a real constitutional negotiation
among different interest groups in China, then China's WTO membership
will benefit China as a whole in a profound way. If the ruling party
can successfully block the initiation of the constitutional negotiation
and carry out a new dual track approach in implementing WTO game rules,
then China as a whole may suffer from its WTO membership. The dual
track approach may exacerbate inefficient inequality of income distribution,
further institutionalise state opportunism and corruption, lower moral
standard, and increase social tension that destabilizes China's political
system.
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