China’s Attitude to Multilateralism in International Economic Law and Governance (in Chinese)

ENGLISH SCHOOL THEORY AND INTERNATIONAL HISTORY STUDIES, pp. 194-214, D. Liu, ed., Peking University Press, 2011

17 Pages Posted: 10 Jun 2011

See all articles by Rafael Leal-Arcas

Rafael Leal-Arcas

Queen Mary University of London - School of Law

Date Written: March 3, 2011

Abstract

This chapter argues that China’s attitude to multilateralism and responsibility in global economic governance is questionable or unclear. China poses a major challenge to the world economy by virtue of being a new global economic superpower. For the past decade, its position as a strong player in international trade has been remarkable. In 2010, China became the world’s second largest trader. Yet, China has been playing at best a passive role and at worst a disruptive role with respect to the global trading system.

China attempts to establish itself as a gravity center in Asia by concluding many low-quality, politically motivated bilateral free-trade agreements in the region. One wonders the extent to which China is serious about multilateralism, given China’s minimal involvement in it. China is a strong economic power with increasingly sophisticated production in the coastal regions. Since joining the World Trade Organization (WTO) in December 2001, China has enjoyed significant economic growth. The rigorous economic regulation requirements needed to join the WTO have worked as a catalyst for Chinese political and economic reform.

Yet, China insists on keeping the status of a developing country despite its size both economically and demographically. Compared to Brazil and India, China plays a rather timid role both in the Doha round as well as in the WTO’s dispute settlement system. However, for the Doha negotiations to succeed, greater leadership from China is necessary. It is therefore argued that China should play a more prominent role in international economic institutions and governance. In this sense, China is expected to assume a responsibility commensurate with the benefits it derives from the world trading system. Why? Because with greater power and a greater voice comes greater responsibility.

Note: Downloadable document is in Chinese.

Keywords: WTO, FTAs, trade, China, global economic superpower

JEL Classification: F13, F14, F15, K33, N75, O11

Suggested Citation

Leal-Arcas, Rafael, China’s Attitude to Multilateralism in International Economic Law and Governance (in Chinese) (March 3, 2011). ENGLISH SCHOOL THEORY AND INTERNATIONAL HISTORY STUDIES, pp. 194-214, D. Liu, ed., Peking University Press, 2011. Available at SSRN: https://ssrn.com/abstract=1857563

Rafael Leal-Arcas (Contact Author)

Queen Mary University of London - School of Law ( email )

67-69
Lincoln's Inn Fields
Holborn, London WC2A 3JB
United Kingdom

HOME PAGE: http://www.ccls.qmul.ac.uk/staff/lealarcas.html

Register to save articles to
your library

Register

Paper statistics

Downloads
120
Abstract Views
1,066
rank
230,165
PlumX Metrics