ERTEKN, Meriç SUBAŞI, and Betül YÜCE DURAL said that: “China has become a world economic superpower. It has the second largest national economy and is the largest exporter worldwide.” (90)
ERTEKN, Meriç SUBAŞI, and Betül YÜCE DURAL describe that: “The WTO was created on 1 January 1995, replacing the General Agreement on Tariffs and Trade, which had been formed in 1948. The WTO stresses the central role of markets and private enterprise. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO is the only international agency overseeing the rules of international trade”.(93)
ERTEKN, Meriç SUBAŞI, and Betül YÜCE DURAL also demonstrate that: “After fifteen years of negotiations, China joined …show more content…
China has elided on foreign direct investment to a great extent in developing its manufacturing export sector in the coastal regions. Although it has a high savings rate, so that FDI doesn’t constitute more than 10% of investment funds, China is still keen to attract foreign investment for the technology and know- how embodied in capital from more advanced economies”. (206-207)
Yueh, Linda Y Moreover, argues that: “ the competitive pressures of selling to global markets makes for productivity improvements and allows for learning in exporting firms, such that openness should enhance China’s ‘catching up’ prospects. To ensure this, China’s ‘open door’ policy was geared at attracting foreign investment to gain know- how to help its firms establish a foothold in global markets”.
ERTEKN, Meriç SUBAŞI, and Betül YÜCE DURAL describe that: “The WTO was created on 1 January 1995, replacing the General Agreement on Tariffs and Trade, which had been formed in 1948. The WTO stresses the central role of markets and private enterprise. Its main function is to ensure that trade flows as smoothly, predictably and freely as possible. The WTO is the only international agency overseeing the rules of international trade”.(93)
ERTEKN, Meriç SUBAŞI, and Betül YÜCE DURAL also demonstrate that: “After fifteen years of negotiations, China joined …show more content…
China has elided on foreign direct investment to a great extent in developing its manufacturing export sector in the coastal regions. Although it has a high savings rate, so that FDI doesn’t constitute more than 10% of investment funds, China is still keen to attract foreign investment for the technology and know- how embodied in capital from more advanced economies”. (206-207)
Yueh, Linda Y Moreover, argues that: “ the competitive pressures of selling to global markets makes for productivity improvements and allows for learning in exporting firms, such that openness should enhance China’s ‘catching up’ prospects. To ensure this, China’s ‘open door’ policy was geared at attracting foreign investment to gain know- how to help its firms establish a foothold in global markets”.