China's Integration into the World Economy: Implications for Developing Countries

17 Pages Posted: 8 May 2006

See all articles by Yongzheng Yang

Yongzheng Yang

International Monetary Fund (IMF) - African Department

Abstract

With China's accession to the World Trade Organization in late 2001, many of its trading partners have become concerned that the resulting increased competition in the world's goods and capital markets will adversely affect their own growth prospects. This paper argues that China's closer integration into the world economy will impose adjustment costs on its trading partners in the short to medium term, but that the benefits it generates are likely to dominate in the long run.

Suggested Citation

Yang, Yongzheng, China's Integration into the World Economy: Implications for Developing Countries. Asian-Pacific Economic Literature, Vol. 20, No. 1, pp. 40-56, May 2006. Available at SSRN: https://ssrn.com/abstract=894487 or http://dx.doi.org/10.1111/j.1467-8411.2006.00177.x

Yongzheng Yang (Contact Author)

International Monetary Fund (IMF) - African Department ( email )

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