China and the World Trading System: Will 'In and Up' Be Replaced by 'Down and Out'?

27 Pages Posted: 19 Nov 2015

See all articles by L. Alan Winters

L. Alan Winters

University of Sussex; IZA Institute of Labor Economics; Centre for Economic Policy Research (CEPR)

Date Written: November 2015

Abstract

This paper examines the integration of China into the world trading system, focusing on the size and nature of the shocks that this implied for the world economy and the reactions to those shocks proposed by policy makers and academics. While the WTO has acted as a forum in which many of the adjustment pressures created by China’s rapid growth were dealt with fairly constructively, the recent shift by the United States and the EU to mega-regional trade deals, notably the Tran-Pacific Partnership, and that exclude China, marks a dangerous shift away from engaging the world’s second largest economy as an equal in a cooperative fashion.

Keywords: China, WTO, TPP, imbalances, trade agreements

Suggested Citation

Winters, L. Alan Alan, China and the World Trading System: Will 'In and Up' Be Replaced by 'Down and Out'? (November 2015). Robert Schuman Centre for Advanced Studies Research Paper No. RSCAS 2015/82, Available at SSRN: https://ssrn.com/abstract=2692072 or http://dx.doi.org/10.2139/ssrn.2692072

L. Alan Alan Winters (Contact Author)

University of Sussex ( email )

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United Kingdom

IZA Institute of Labor Economics ( email )

P.O. Box 7240
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Germany

Centre for Economic Policy Research (CEPR) ( email )

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