China`s Integration into the World EconomyImplications for Developing Countries
China`s Integration into the World EconomyImplications for Developing Countries
复制标题
中国融入世界经济对发展中国家的影响
DOI:
10.5089/9781451875867.001
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发表时间:
2003
期刊:
影响因子:
--
通讯作者:
Yongzheng Yang
中科院分区:
文献类型:
--
作者:
Yongzheng Yang
Although the rest of the world had waited a long time for China to open up, feelings were mixed when it actually did and began to integrate rapidly with the world economy. With the country`s recent accession to the World Trade Organization (WTO), many of its trading partners are increasingly concerned that China`s competition in the world goods and capital markets may adversely affect their own growth prospects. This paper examines the implications of China`s WTO accession for other developing countries in the context of the country`s long-term process of growth and opening up. The paper argues that China`s integration into the world economy will inevitably impose adjustment costs on its trading partners in the short-to-medium term, but the benefits it generates are likely to dominate in the long run.