8 pages. China is on the way to becoming the new dominant power in Asia. In order to properly defend this statement, several factors should be considered including China's entrance into the World Trade Organization, the impact of the economy in China, and several other socio-cultural factors such as their environmental and human rights concerns. All of these are discussed in detail in order to examine the dominance of China in Asia. Bibliography lists 9 sources.
Name of Research Paper File: D0_JGAchpow.rtf
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the World Trade Organization, the impact of the economy in China, and several other socio-cultural factors such as their environmental and human rights concerns. All of these are discussed
in detail in order to examine the dominance of China in Asia. CHINAS ENTRANCE INTO THE WTO In November of 2001 China was finally admitted into the World Trade
Organization after having been denied repeated attempts in the past. "After 15 years of difficult negotiations, we finally came to this historic moment," said Shi Guangsheng, the Foreign Trade
Minister to China (Chase and Cernetig, 2001, B1). China is expected to become one of the main entities in the World Trade Organization, next to the United States and Europe.
Besides becoming the dominant power in Asia, what this also means for China is that they could possibly see their unemployment rate surge if imports from member nations are
now allowed to flood the market. Becoming the dominant power in Asia could be a direct result of Chinas entrance into the World Trade Organization. Some of the
many advantages of growth and development for China now that they are involved in free trade and globalization through the World Trade Organization are quite varied. Many
advantages can possibly be felt in China now including some of the following: * Energy - gas, energy services, petrochemical, electricity and equipment markets are now
better accessible to developing countries. * Environment - A number of firms and services are able to take advantage of opportunities involving water treatment, solid waste disposal technology, environmental
rehabilitation, hazardous and non-hazardous waste engineering consulting, as well as specialized monitoring services. * Financial Services - Banks, finance, insurance and leasing companies, and securities firms benefit from free