Research Paper on:
Economic Development In China : Project Proposal

Unformatted Sample Text from the Research Paper:
of both Asia and the world. Research Questions The major questions this project will attempt to answer are: 1. How will Chinas admission to the World Trade Organization  (WTO) impact the Asian economy? 2. How will Chinas admission to the World Trade Organization (WTO) impact the Chinese economy? 3. How will Chinas admission to the World Trade Organization  (WTO) impact the world trade? Sing reports that Japans economic importance has been diminishing for more than a decade (2003). Since China began its reforms in 1978, it has gained  far more importance in the Asian economy (Sing, 2003). Sing points out that China is "the first country in the world to succeed in rapid and continuous economic development" (Sing,  2003). Sing goes on to comment that economic development in coastal areas and in "special economic zones" has been especially impressive (Sing, 2003). Per capita GNP in "Guangzhou, Shenzhen, Shanghai  and Beijing" has been greater than in most Asian developing countries (Sing, 2003). Chinas admission to the World Trade Organization (WTO) will only enhance its importance in both the Asian  and the world economy (Cheng, 2003). Prior to joining the WTO, China was the largest economy among nonmembers (Cheng, 2003). Some analysts place China as the third largest economy in  the world, the United States and Japan hold the first two places (Cheng, 2003). To be accepted as a member of the WTO has required China to dramatically change policies  and laws because they must now conform to international trade practices and standards (Cheng, 2003). The country has been known, for instance, as ignoring intellectual property rights and violating trademarks  and patents (Cheng, 2003). They also enforced high tariffs and had numerous other barriers to free and open trade (Cheng, 2003). In other words, Chinese officials held strong control over