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Author: Yingying Wu
Publisher:
ISBN: 9789811335624
Category : Foreign trade regulation
Languages : en
Pages : 265
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Book Description
This book argues that the trade-distorting effects of advantages associated with SOEs are more severe from an economic perspective, and the behavior of SOEs after receiving advantages is of more concern, compared to private-owned enterprises (POEs). The premise is that the existence of SOEs per se is not the essential problem; rather, the underlying problems are (i) the disproportionate granting of advantages to SOEs (compared to POEs) and (ii) the behavior of SOEs once they receive advantages. The book offers a systematic analysis focusing on the various advantages granted to SOEs and their subsequent behavior. Its detailed analysis reveals the inadequacy of current WTO rules and is complemented by a number of concrete proposals.
Author: Yingying Wu
Publisher:
ISBN: 9789811335624
Category : Foreign trade regulation
Languages : en
Pages : 265
Get Book Here
Book Description
This book argues that the trade-distorting effects of advantages associated with SOEs are more severe from an economic perspective, and the behavior of SOEs after receiving advantages is of more concern, compared to private-owned enterprises (POEs). The premise is that the existence of SOEs per se is not the essential problem; rather, the underlying problems are (i) the disproportionate granting of advantages to SOEs (compared to POEs) and (ii) the behavior of SOEs once they receive advantages. The book offers a systematic analysis focusing on the various advantages granted to SOEs and their subsequent behavior. Its detailed analysis reveals the inadequacy of current WTO rules and is complemented by a number of concrete proposals.
Author: Yingying Wu
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Yingying Wu
Publisher: Springer
ISBN: 9811335613
Category : Law
Languages : en
Pages : 265
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Book Description
This book argues that the trade-distorting effects of advantages associated with SOEs are more severe from an economic perspective, and the behavior of SOEs after receiving advantages is of more concern, compared to private-owned enterprises (POEs). The premise is that the existence of SOEs per se is not the essential problem; rather, the underlying problems are (i) the disproportionate granting of advantages to SOEs (compared to POEs) and (ii) the behavior of SOEs once they receive advantages. The book offers a systematic analysis focusing on the various advantages granted to SOEs and their subsequent behavior. Its detailed analysis reveals the inadequacy of current WTO rules and is complemented by a number of concrete proposals.
Author: Edimon Ginting
Publisher: Asian Development Bank
ISBN: 9292622838
Category : Business & Economics
Languages : en
Pages : 355
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Book Description
State-owned enterprises (SOEs) play significant roles in developing economies in Asia and SOE performance remains crucial for economy-wide productivity and growth. This book looks at SOEs in Azerbaijan, Indonesia, Kazakhstan, the People's Republic of China, and Viet Nam, which together present a panoramic view of SOEs in the region. It also presents insights from the Republic of Korea on the evolving role of the public sector in various stages of development. It explores corporate governance challenges and how governments could reform SOEs to make them efficient drivers of the long-term productivity-induced growth essential to Asia's transition to high-income status.
Author: Naoise McDonagh
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The role of the state and market-distorting state intervention in the global economy have come increasingly to the fore in recent times, in large part as reaction to China's rise to becoming the second largest world economy, and a direct competitor with developed economies across many sectors. State-owned enterprises (SOEs) and industrial subsides have played an important part in China's development, a fact that has become increasingly contentious in developed country capitals. The Trilateral Trade Ministerial Cooperation (Trilateral Cooperation) comprised of the US, EU and Japan has laid out an agenda for World Trade Organization (WTO) reform targeting SOEs and industrial subsidies. China has separately laid out its own reform agenda that includes removing agriculture subsidies entitlements in developed economies. In many ways both reform agendas are pulling in opposite directions, indicative of growing geo-economic tensions between these leading economic powers. This policy brief outlines the two opposing reform agendas and proposes a process for getting to a realistic landing zone for reforms.
Author: Petros C. Mavroidis
Publisher: Princeton University Press
ISBN: 0691206597
Category : Business & Economics
Languages : en
Pages : 262
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Book Description
"China's accession to the World Trade Organisation (WTO) in 2001 was hailed as the natural conclusion of a long march that started with the reforms introduced by Deng Xiaoping in the 1970s. However, China's participation in the WTO since joining has been anything but smooth, and its self-proclaimed "socialist market economy" system has alienated many of its global trading partners - as recent tensions with the United States exemplify. Prevailing diplomatic attitudes tend to focus on two diametrically opposing approaches to dealing with the emerging problems: the first is to demand that China completely overhaul its economic regime; the second is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic and incompatible. In this book, Mavroidis and Sapir propose a third approach. They point out that, while the WTO (as well as its predecessor, the General Agreement on Tariffs and Trade [GATT]) has previously managed the accession of socialist countries or of big trading nations, it has never before dealt with a country as large or as powerful as China. Therefore, in order to simultaneously uphold its core principles and accommodate China's unique geopolitical position, the authors argue that the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Focusing on two core complaints - that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies (both private as well as SOEs) impose forced technology transfer on foreign companies as a condition for accessing the Chinese market - they lay out their specific proposals for successful legislative amendment"--.
Author: Harry G. Broadman
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Progress in reforming China's state owned enterprises (SOEs) has been a litmus test for assessing the Chinese leadership?s willingness to seek membership in the World Trade Organization (WTO). The more extensive the reform of the SOEs, the more resilient they would become to the rigors of the international marketplace and less strain would be placed on China?s economy. By the same token, China's accession to the WTO will spur SOE reform, since the greater external competitive pressure will induce enterprise restructuring. The November 1999 agreement between Chinese and U.S. authorities on terms for China?s WTO accession signals an important commitment by the Chinese to expose their SOEs to more fundamental market discipline and reform. However, even after China becomes a member of the WTO, the effectiveness of its implementation of WTO commitments will turn on continued reform of the SOE sector. This paper sheds light on these challenges by analyzing the incentives and constraints on China's SOE reform program. Four critical aspects of the reforms are highlighted and evaluated against the backdrop of international experience: clarification of property rights; establishment of large group/holding companies and other new organizational structures; improved corporate governance incentives; and implementation of international financial accounting and auditing practices. The paper concludes with policy recommendations.
Author: Aaditya Mattoo
Publisher: World Bank Publications
ISBN: 1464815542
Category : Political Science
Languages : en
Pages : 768
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Book Description
Deep trade agreements (DTAs) cover not just trade but additional policy areas, such as international flows of investment and labor and the protection of intellectual property rights and the environment. Their goal is integration beyond trade or deep integration. These agreements matter for economic development. Their rules influence how countries (and hence, the people and firms that live and operate within them) transact, invest, work, and ultimately, develop. Trade and investment regimes determine the extent of economic integration, competition rules affect economic efficiency, intellectual property rights matter for innovation, and environmental and labor rules contribute to environmental and social outcomes. This Handbook provides the tools and data needed to analyze these new dimensions of integration and to assess the content and consequences of DTAs. The Handbook and the accompanying database are the result of collaboration between experts in different policy areas from academia and other international organizations, including the International Trade Centre (ITC), Organisation for Economic Co-operation and Development (OECD), United Nations Conference on Trade and Development (UNCTAD), and World Trade Organization (WTO).
Author: Weihuan Zhou
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
This paper challenges the widespread view that existing WTO rules are insufficient for dealing with state capitalism in China, which has been further emboldened by the latest rounds of state-owned enterprise (“SOE”) reforms. Through a careful review of WTO agreements and jurisprudence, it is argued that new rules are not necessarily needed because the unique challenges created by China's state capitalism can be appropriately addressed by the WTO's existing rules on subsidies coupled with the China-specific obligations. A more realistic approach would be to encourage China to undertake market-oriented reforms through WTO litigation based on existing rules rather than trying to negotiate new rules.
Author: Julia Ya Qin
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
The existence of a large number of state-owned enterprises (SOEs) in China and government subsidies to them has caused much concern among its trading partners. The Protocol on the Accession of China to the World Trade Organization (WTO) sets out certain provisions directly or indirectly addressing this concern. Among them are the provisions of an SOE-based specificity test and authorization for the importing country to use, on a permanent basis, alternative benchmarks in calculating Chinese subsidies. In addition, the Protocol excludes China from invoking the privatization exception available to developing country members under the Agreement on Subsidies and Countervailing Measures. This article provides a critical analysis of the Protocol approach towards the issue of SOE subsidies and examines its implications for economic reform in China and for the WTO legal system.
