One-sideness of WTO Regulations and the Challenges to China

ID:	TARP-201
Title:	One-sideness of WTO Regulations and the Challenges to China
Source:	Beijing Normal University – Humanities and Social Sciences, No.01, 2000, Cumulatively vol. 157
Parties:
Dispute Resolution Organ:
Year:	2000
Pages:	0
Author(s):	Renwu Tang
Keywords:	China, developing countries, development, employment, globalization, speculation, transparency, US, USA, WTO
Abstract:	If China takes part into WTO, “the economic UN”, it will bring a great chance to the long-term development and the economic prosperity of China in 21st Century. However, the game regulations of WTO were made and pursued by the rich nations, which are represented by the USA. Those regulations are equitable in appearance but inequitable in fact, and lack of transparency. So, virtually, “the globalization” promoted by those regulations become “Americanisation”. The “One-sidedness” and the “tendency of supporting the powerful and restraining the weak” of WTO regulations lead to the speculation flood of capital all over the world, weaken the national countries’ sovereign rights, worsen the employment situation of the developing countries. Polarization becomes clearer; individualism swells viciously. After China takes part in WTO, as the biggest developing country in the world, in addition to those negative influences mentioned above, it would face great challenges in respect of economic system and industrial structure.
Secured:	False
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