China Today: Why Its Accession to the World Trade Organization is Inevitable and Good for the International Community

Abstract

This article develops China's progress over the last 25 years. Internal and external factors are analyzed to elucidate China's role in the international community. China's business policies and practices, relationship with Taiwan, domestic and international business practices, and changes in its political system that have affected its outward development are explored. External factors had a major impact on China's worldview; globalization concepts in relationships to transparency and trade practice norms are developed. New developments in domestic and international policies worked in tandem to impact China's decision to solidify its position in the international community. The international community was the catalyst for China's transformation, which will ultimately lead to its inevitable membership in the World Trade Organization. This article concludes that China deserves an opportunity to become an integral part of the international community, and that its economic potential is one of its greatest assets, which will benefit China as well as the global community. Copyright Oxford University Press 2002, Oxford University Press.