Socialism and WTO with Special Reference to China

Abstract

I have taken a China Centric Approach in this article. First, I will start with the notion of Socialism. I will discuss a general definition, a definition given by the Indian Courts, Soviet Style Socialism and finally, the Chinese Socialism. This will help enhance and refresh our understanding of Socialism and also tell us how Socialism is viewed in different countries.

Next, I will state the broad principles of WTO and compare it with the basic tenets of Socialism. This is very important as without knowing and understanding these principles, it would be futile and difficult to associate and link Socialism with WTO.

My next chapter will talk about Chinese Socialism and WTO. China and WTO is a hotly debated topic these days. That is why I thought that it would be interesting to understand the Chinese Socialism with a WTO perspective.

Keywords: WTO, Socialism, China

JEL Classification: K00