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SUSTAINABLE ECONOMIC GROWTH WITH WTO ACCESSION IN CHINA

Year 2015, Volume: 14 Issue: 53, 88 - 103, 23.02.2015
https://doi.org/10.17755/esosder.40485

Abstract

China’s economy has grown remarkably since its adoption of market-oriented reforms in 1978. This reform movement played an important role in China’s growth prospects, and is expressed in a transformation of its economic structure and economic growth model. The economic growth of China has further increased as a result of its accession to the World Trade Organization (WTO) on 11 December 2001, and through its economic openness. This has brought certain opportunities, but also presents risks. However, there is doubt about the issue of sustainability of China’s long-term economic growth. This paper aims to examine the sources of economic growth in China through the literature on the subject, considering expansion of output, which is the sum of the change in consumption, investment, and net exports of goods and services, and then inward foreign direct investment (FDI), and their status as sources of economic growth. It concludes that despite China’s rapid economic growth, there are a number of structural problems in the country’s economy, as well as future challenges facing China.

References

  • References
  • -Agarwal, James and Wu,Terry (2004). China’s entry to WTO: global marketing issues, impact, and implications for China, International Marketing Review, Vol. 21 No. 3, 279-300, Erişim Tarihi: 14.11.2014, http://econ3.upm.edu.my/kelasmaya/sumberkursus/A01960/MGM4136%20EX/CHINA.pdf
  • -Bergsten, C. Fred Lardy, Nicholas R. Mitchell and Derek J. (2008). China’s Rise: Challenges and Opportunities, Washington, DC: Peter G. Peterson Institute.
  • -Bhattasali, Deepak Li, and Martin, Will (2004). Impacts and Policy Implications of WTO Accession for China’’, China and the WTO: Accession, Policy Reform and Poverty Reduction Strategies, Washington: World Bank and Oxford University Press.
  • -Chen, Chunlai (2011). Foreign direct Investment in China: Location, Determinants, Investor Differences and Economic Impacts, Massachusetts, USA: Edward Elgar Publishing, Inc.
  • -China, The First Wave of Reform, 1979-84 (2014), Erişim Tarihi: 02.10.2014, http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+cn0305)
  • -Chinability (2012). China’s economy in figures, GDP growth in China 1952-2011, Erişim Tarihi: 02.10.2014, http://chinability.com/GDP.htm
  • -Ching, H. Steve, Hsiao, Cheng and others.( 2011). Economic Benefits of Globalization: The Impact of Entry to the WTO on China’s Growth, Pasific Economic Review, 16:3, 285-301.
  • -GDP Growth in China 1952-2011. Erişim Tarihi: 15 September 2014, http://www.chinability.com/GDP.htm
  • -Gunde , Richard (2004). Hong Kong and Political Change in China: Let the Small Teach the Big, Ucla International Institute, Erişim Tarihi: 10.12.2014, http://www1.international.ucla.edu/article.asp?parentid=15856
  • -Hong, Junjie (2008). WTO accession and foreign direct investment in China, Journal of Chinese Economic and Foreign Trade Studies Vol. 1, No.2, 136-147.
  • -Honghua, Men (2004). A Sustainable Chinese Economy?, The Rise of China and a Changing East Asian Order (Kokubun Ryosei and Wang Jisi, Edt.), Exchange, Tokyo: Japan Center for International, Erişim Tarihi: 10.12.2014, https://catalog.lib.uchicago.edu/vufind/Record/5604564/TOC
  • -Hu, Zuliu and Khan, Mohsin S. (1997 June). Why Is China Growing So Fast? Economic Issues, IMF, No.8.
  • -Jiang, Chun. A Re-examination of Technology Transfer in Sino-foreign Joint Ventures after China’s WTO Accession, Journal of American Academy of Business, Erişim Tarihi: 06.11.2014, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=893400
  • -Lardy, Nicholas R. (2007 May) The China Balance Sheet in 2007 and Beyond, Center for Strategic and International Studies and the Peterson Institude for International Economics, Erişim Tarihi: 12.10.2014, http://www.iie.com/publications/papers/lardy0507.pdf.
  • -Lin, Justin Yifu (2004). Is China’s Growth Real and Sustainable? Asian Perspective, Vol.28, No. 3, 5-29.
  • -Ma, J. and Wang, J. (2001, March-April). Winners and losers of China’s WTO entry, The China Business Review, 22-5 cited by Agarwal James and Wu, Terry (2004). China’s entry to WTO: global marketing issues, impact, and implications for China, International Marketing Review, Vol. 21 No. 3, 279-300, Erişim Tarihi: 14.11.2014, http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.473.6960&rep=rep1&type=pdf
  • -Morrison, Wayne M. (2012, June 26). China’s Economic Conditions, CRS Report for Congress, Congressional Research Service, Erişim Tarihi: 06.11.2014, http://fpc.state.gov/documents/organization/194783.pdf,
  • -Naughton, Barry (2007). The Chinese Economy: Transitions and Growth, London: The MIT Press.
  • -Sachs, Jeffrey D. and Woo, Wing Thye. (2002, September). China’s Economic Growth After WTO Membership, Journal of Chinese Economic and Business Studies, Vol.1, No.1, , 1-31, Erişim Tarihi: 02.10.2014) http://www.tandfonline.com/doi/pdf/10.1080/147652803200003972131http://www.earth.columbia.edu/sitefiles/file/about/director/pubs/China_CBB03.pdf.
  • -Sandıklı, Atilla (2010). China A New Superpower? Dimensions of Power, Energy, and Security, İstanbul: Bilgesam.
  • -The Future of the Greater China Economy, UCLA International Institute Asia Institute, http://international.ucla.edu/asia/article/21291?AspxAutoDetectCookieSupport=1
  • -The World Bank, World DataBank/World Development Indicators, ErişimTarihi: 16.09.2014, http://databank.worldbank.org/data/views/reports/tableview.aspx
  • -Wong, Calvin (2010, November 14). Is China’s Growth Sustainable? The Diplomat, Erişim Tarihi: 15.10.2014, http://thediplomat.com/2010/11/is-chinas-growth-sustainable/
  • -World Trade Organization, International Trade Statistics 2014, (Erişim Tarihi: 16.10.2014), http://www.wto.org/english/res_e/statis_e/its2014_e/its14_world_trade_dev_e.pdf
  • -Wu, Yanrui (2004). China’s Economic Growth: A miracle with Chinese Characteristic, New York: Routledge Curzon.
  • -Yueh, Linda (2010). The Economy of China, Cheltenham: Edward Elgar Publishing Inc.
  • -Yueh, Linda (2003, May). China’s Economic Growth with WTO Accession: Is it Sustainable? Asia Programme Working Paper, No.1.
  • -Xiaomei, E. (2009, June). China’s WTO Accession and Sustainable Development: Challenges and Policy Responses, Journal of World Trade, Vol. 43, No.3, 541-569.
  • -Zhao, Longyue and Wang, Yan (2009). China's pattern of trade and growth after WTO accession: Lessons for other developing countries. Journal of Chinese Economic and Foreign Trade Studies, Vol. 2, Iss: 3, 178 – 210.

DTÖ’NE KATILIM SONRASI ÇİN'DE SÜRDÜRÜLEBİLİR EKONOMİK BÜYÜME

Year 2015, Volume: 14 Issue: 53, 88 - 103, 23.02.2015
https://doi.org/10.17755/esosder.40485

Abstract

Çin, 1978 yılında piyasa odaklı reformların kabulünden bu yana önemli ölçüde büyümüştür. Ekonomik yapının ve ekonomik büyüme modelinin dönüşümü olarak ifade edilen bu reform hareketi büyüme beklentilerinde önemli rol oynamaktadır. Çin'in ekonomik büyümesi 11 Aralık 2001 tarihinde Çin’in Dünya Ticaret Örgütü (DTÖ)’ne katılımı ve ekonomik açıklıkla daha da artmıştır. Bu durum, birçok yönden bazı fırsatlar getirmekle birlikte aynı zamanda riskler de getirmektedir. Ancak, Çin'in uzun vadeli ekonomik büyümesinin sürdürülebilirliği konusunda şüpheler bulunmaktadır. Bu çalışma, literatür incelemesi, tüketim, yatırım ve net ihracat ve ithalatın toplamı olarak çıktı artışı ve DYY aracılığıyla Çin'deki ekonomik büyümenin kaynaklarını incelemeyi amaçlamaktadır. Sonuç olarak, hızlı ekonomik büyümeye karşın Çin ekonomisinde yapısal sorunların olduğu ve gelecekte zorluklarla karşılaşabileceği sonucuna ulaşılmıştır

References

  • References
  • -Agarwal, James and Wu,Terry (2004). China’s entry to WTO: global marketing issues, impact, and implications for China, International Marketing Review, Vol. 21 No. 3, 279-300, Erişim Tarihi: 14.11.2014, http://econ3.upm.edu.my/kelasmaya/sumberkursus/A01960/MGM4136%20EX/CHINA.pdf
  • -Bergsten, C. Fred Lardy, Nicholas R. Mitchell and Derek J. (2008). China’s Rise: Challenges and Opportunities, Washington, DC: Peter G. Peterson Institute.
  • -Bhattasali, Deepak Li, and Martin, Will (2004). Impacts and Policy Implications of WTO Accession for China’’, China and the WTO: Accession, Policy Reform and Poverty Reduction Strategies, Washington: World Bank and Oxford University Press.
  • -Chen, Chunlai (2011). Foreign direct Investment in China: Location, Determinants, Investor Differences and Economic Impacts, Massachusetts, USA: Edward Elgar Publishing, Inc.
  • -China, The First Wave of Reform, 1979-84 (2014), Erişim Tarihi: 02.10.2014, http://lcweb2.loc.gov/cgi-bin/query/r?frd/cstdy:@field(DOCID+cn0305)
  • -Chinability (2012). China’s economy in figures, GDP growth in China 1952-2011, Erişim Tarihi: 02.10.2014, http://chinability.com/GDP.htm
  • -Ching, H. Steve, Hsiao, Cheng and others.( 2011). Economic Benefits of Globalization: The Impact of Entry to the WTO on China’s Growth, Pasific Economic Review, 16:3, 285-301.
  • -GDP Growth in China 1952-2011. Erişim Tarihi: 15 September 2014, http://www.chinability.com/GDP.htm
  • -Gunde , Richard (2004). Hong Kong and Political Change in China: Let the Small Teach the Big, Ucla International Institute, Erişim Tarihi: 10.12.2014, http://www1.international.ucla.edu/article.asp?parentid=15856
  • -Hong, Junjie (2008). WTO accession and foreign direct investment in China, Journal of Chinese Economic and Foreign Trade Studies Vol. 1, No.2, 136-147.
  • -Honghua, Men (2004). A Sustainable Chinese Economy?, The Rise of China and a Changing East Asian Order (Kokubun Ryosei and Wang Jisi, Edt.), Exchange, Tokyo: Japan Center for International, Erişim Tarihi: 10.12.2014, https://catalog.lib.uchicago.edu/vufind/Record/5604564/TOC
  • -Hu, Zuliu and Khan, Mohsin S. (1997 June). Why Is China Growing So Fast? Economic Issues, IMF, No.8.
  • -Jiang, Chun. A Re-examination of Technology Transfer in Sino-foreign Joint Ventures after China’s WTO Accession, Journal of American Academy of Business, Erişim Tarihi: 06.11.2014, http://papers.ssrn.com/sol3/papers.cfm?abstract_id=893400
  • -Lardy, Nicholas R. (2007 May) The China Balance Sheet in 2007 and Beyond, Center for Strategic and International Studies and the Peterson Institude for International Economics, Erişim Tarihi: 12.10.2014, http://www.iie.com/publications/papers/lardy0507.pdf.
  • -Lin, Justin Yifu (2004). Is China’s Growth Real and Sustainable? Asian Perspective, Vol.28, No. 3, 5-29.
  • -Ma, J. and Wang, J. (2001, March-April). Winners and losers of China’s WTO entry, The China Business Review, 22-5 cited by Agarwal James and Wu, Terry (2004). China’s entry to WTO: global marketing issues, impact, and implications for China, International Marketing Review, Vol. 21 No. 3, 279-300, Erişim Tarihi: 14.11.2014, http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.473.6960&rep=rep1&type=pdf
  • -Morrison, Wayne M. (2012, June 26). China’s Economic Conditions, CRS Report for Congress, Congressional Research Service, Erişim Tarihi: 06.11.2014, http://fpc.state.gov/documents/organization/194783.pdf,
  • -Naughton, Barry (2007). The Chinese Economy: Transitions and Growth, London: The MIT Press.
  • -Sachs, Jeffrey D. and Woo, Wing Thye. (2002, September). China’s Economic Growth After WTO Membership, Journal of Chinese Economic and Business Studies, Vol.1, No.1, , 1-31, Erişim Tarihi: 02.10.2014) http://www.tandfonline.com/doi/pdf/10.1080/147652803200003972131http://www.earth.columbia.edu/sitefiles/file/about/director/pubs/China_CBB03.pdf.
  • -Sandıklı, Atilla (2010). China A New Superpower? Dimensions of Power, Energy, and Security, İstanbul: Bilgesam.
  • -The Future of the Greater China Economy, UCLA International Institute Asia Institute, http://international.ucla.edu/asia/article/21291?AspxAutoDetectCookieSupport=1
  • -The World Bank, World DataBank/World Development Indicators, ErişimTarihi: 16.09.2014, http://databank.worldbank.org/data/views/reports/tableview.aspx
  • -Wong, Calvin (2010, November 14). Is China’s Growth Sustainable? The Diplomat, Erişim Tarihi: 15.10.2014, http://thediplomat.com/2010/11/is-chinas-growth-sustainable/
  • -World Trade Organization, International Trade Statistics 2014, (Erişim Tarihi: 16.10.2014), http://www.wto.org/english/res_e/statis_e/its2014_e/its14_world_trade_dev_e.pdf
  • -Wu, Yanrui (2004). China’s Economic Growth: A miracle with Chinese Characteristic, New York: Routledge Curzon.
  • -Yueh, Linda (2010). The Economy of China, Cheltenham: Edward Elgar Publishing Inc.
  • -Yueh, Linda (2003, May). China’s Economic Growth with WTO Accession: Is it Sustainable? Asia Programme Working Paper, No.1.
  • -Xiaomei, E. (2009, June). China’s WTO Accession and Sustainable Development: Challenges and Policy Responses, Journal of World Trade, Vol. 43, No.3, 541-569.
  • -Zhao, Longyue and Wang, Yan (2009). China's pattern of trade and growth after WTO accession: Lessons for other developing countries. Journal of Chinese Economic and Foreign Trade Studies, Vol. 2, Iss: 3, 178 – 210.
There are 30 citations in total.

Details

Primary Language English
Subjects Studies on Education
Journal Section Articles
Authors

Meriç Subaşı Ertekin

Betül Yüce Dural

Publication Date February 23, 2015
Submission Date February 23, 2015
Published in Issue Year 2015 Volume: 14 Issue: 53

Cite

APA Subaşı Ertekin, M., & Yüce Dural, B. (2015). SUSTAINABLE ECONOMIC GROWTH WITH WTO ACCESSION IN CHINA. Elektronik Sosyal Bilimler Dergisi, 14(53), 88-103. https://doi.org/10.17755/esosder.40485

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