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- catalog abstract "Both the United States and China will run risks as Beijing moves ahead with membership in the World Trade Organization (WTO), but the potential payoffs for both countries are well worth it. This is the central finding of this independent Task Force. The group also says that increased trade and investment will provide considerable economic benefits to both nations and thereby improve overall Sino-American relations, thus creating a better context for managing security and human rights issues. The Task Force warns, however, that China's transition into the WTO poses significant challenges for both China and the United States. For Chinese leaders, the chief challenge is how to manage the tension between maintaining their power and accommodating the social and political pressures arising from continued economic reform. The resulting potential for social dislocation and unrest will test Beijing's resolve for further economic reform and development of the rule of law. For the United States, the risk lies in a political backlash if China's entry into the WTO does not produce quick benefits to American workers and industry and if China's trade surplus with the United States grows too rapidly. This Task Force report discusses possible problems during the transition period but explains ways in which cooperation between Beijing and Washington improves prospects for resolving difficulties. They include the following recommendations outside of the WTO process: build mutual confidence with an agreed agenda of "early harvest" accomplishments in key sectors, such as agriculture and information technologies; remove impediments to the renewal of U.S. trade and technical assistance to China; and develop mechanisms for resolving mutual disputes outside the WTO process to avoid overloading the WTO.".
- catalog contributor b12529737.
- catalog contributor b12529738.
- catalog contributor b12529739.
- catalog contributor b12529740.
- catalog coverage "China Foreign economic relations United States.".
- catalog coverage "United States Foreign economic relations China.".
- catalog created "c2001.".
- catalog date "2001".
- catalog date "c2001.".
- catalog dateCopyrighted "c2001.".
- catalog description "Both the United States and China will run risks as Beijing moves ahead with membership in the World Trade Organization (WTO), but the potential payoffs for both countries are well worth it. This is the central finding of this independent Task Force. The group also says that increased trade and investment will provide considerable economic benefits to both nations and thereby improve overall Sino-American relations, thus creating a better context for managing security and human rights issues. The Task Force warns, however, that China's transition into the WTO poses significant challenges for both China and the United States. For Chinese leaders, the chief challenge is how to manage the tension between maintaining their power and accommodating the social and political pressures arising from continued economic reform. The resulting potential for social dislocation and unrest will test Beijing's resolve for further economic reform and development of the rule of law. For the United States, the risk lies in a political backlash if China's entry into the WTO does not produce quick benefits to American workers and industry and if China's trade surplus with the United States grows too rapidly. This Task Force report discusses possible problems during the transition period but explains ways in which cooperation between Beijing and Washington improves prospects for resolving difficulties. They include the following recommendations outside of the WTO process: build mutual confidence with an agreed agenda of "early harvest" accomplishments in key sectors, such as agriculture and information technologies; remove impediments to the renewal of U.S. trade and technical assistance to China; and develop mechanisms for resolving mutual disputes outside the WTO process to avoid overloading the WTO.".
- catalog extent "vi, 35 p. :".
- catalog hasFormat "Beginning the journey.".
- catalog identifier "0876092849".
- catalog isFormatOf "Beginning the journey.".
- catalog isPartOf "Task force report (Council on Foreign Relations)".
- catalog isPartOf "Task force report".
- catalog issued "2001".
- catalog issued "c2001.".
- catalog language "eng".
- catalog publisher "New York : Council on Foreign Relations Press,".
- catalog relation "Beginning the journey.".
- catalog spatial "China Foreign economic relations United States.".
- catalog spatial "United States Foreign economic relations China.".
- catalog subject "HF1385 .B44 2001".
- catalog subject "World Trade Organization China.".
- catalog title "Beginning the journey : China, the United States, and the WTO / report of an independent Task force ; sponsored by the Council on Foreign Relations ; Robert D. Hormats, chair ; Elizabeth Economy and Kevin Nealer, project directors.".
- catalog type "text".