Impact of China's WTO Accession on East Asia |
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| Authors: | Elena Ianchovichina Terrie Walmsley |
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| Affiliation: | Ianchovichina:;Senior Economist at the Economic Policy Department, Poverty Reduction and Economic Management Network, The World Bank, 1818 H Street NW, Washington, DC 20043. Phone 1-202-458-8910, Fax 1-202-522-2530, Email Walmsley:;Visiting Assistant Professor and Codirector of the Center for Global Trade Analysis, Purdue University, 403 West State Street, West Lafayette, IN 47906. Phone 1-765-494-5837, Fax 1-765-496-1224, Email |
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| Abstract: | The industrialized and newly industrializing economies (NIEs) in East Asia will benefit from China's WTO accession, and the developing economies in the region may incur small welfare losses. China will increase its demand for high-end manufacturing products from Japan and the NIEs and farm products, natural resources, and manufactured goods from developing East Asia. New foreign investment may flow into these expanding sectors. The overall impact on foreign investment is likely to be positive in the NIEs but negative in developing East Asia. The NIEs may face heightened competition in global markets as China's comparative advantage shifts into high-end products. (JEL F11 , F13 , F15 ) |
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