Work

Impact of China's WTO Accession on East Asia

Year: 2005

Type: article

Abstract: The industrialized and newly industrializing economies (NIEs) in East Asia will benefit from China's WTO accession, and the developing economies in the region may incur small welfare losses. China will increase its demand for high-end manufacturing products from Japan and the NIEs and farm products, natural resources, and manufactured goods from developing East Asia. New foreign investment may flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs but negative in developing East Asia. The NIEs may face heightened competition in global markets as China's comparative advantage shifts into high-end products. (JEL F11, F13, F15)

Source: Contemporary Economic Policy

DOI: 10.1093/cep/byi020

Authors: Elena Ianchovichina, Terrie Walmsley

Institutions: World Bank, National University of Singapore, Purdue University West Lafayette, Thailand Development Research Institute

Language: English

Topic: Global trade and economics

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Decent work and economic growth, Industry, innovation and infrastructure

Open Access status: green

OpenAlex ID: W1982304112

FWCI: 18.56

Cites: 35

Cited by: 92

Related to: 10