Tiger by the Tail

The trade relationship between the United States and China is a complex one with both real and perceived problems. U.S. officials have expressed concern, for instance, about perceived problems of bilateral trade imbalances and greater market access. U.S. Direct Investment in China focuses on one aspect U.S. China trade relations -- direct investment -- and dispels some of the perceived problems. Using a new data time series on investment and trade, the authors argue that U.S. direct investment in China benefits both countries. Among the benefits to the United States is acess to the Chinese market. The authors show that, in 1993, U.S. firms in China sold 80 percent of their output directly to customers in China. Furthermore, U.S. direct investment in China also increases trade between the two countries and should significantly enhance China's economic growth in the long run. Contrary to the public's perception, the new data in the Fung, Lau, and Lee study demonstrate that U.S. direct investment in China does not take jobs away from U.S. workers. After investing in China, almost 90 percent of U.S. firms in China maintained their level of production in the United States and almost 40 percent expanded output at home. The authors also note that U.S. firms in China produced different products from those of their parent companies.

ISBN 0844741086   Pages 120 ISBN13 9780844741086 (What's this?)   Volumes 1 Publisher AEI Press   Weight (grammes) 181 Imprint AEI Press   Published in Washington DC Format Paperback   Height (mm) 228 Publication date 01 Feb 2001   Width (mm) 153 Library of Congress HF1385.G76   Spine width (mm) 12 DEWEY 382.92   Academic level Undergraduate, Postgraduate, Professional / Scholarly DEWEY edition DC21

		Acknowledgments
1		Introduction		1
2		Major Negotiating Issues		8
		China Enters the World Market		8
		The U.S. Policy Response: The Trade Deficit Scapegoat		9
		A History of the Chinese GATT and WTO Negotiating Process		12
		The GATT Membership Process		15
		Broader Issues		16
		Specific Negotiating Issues		31
		Concluding Remarks on Sectoral Negotiations		41
3		Nonmarket Economies and the WTO		42
		A Historical Perspective		42
		Contingency Protection and Chinese Accession		46
		Antidumping: The Advance and Retreat of Bubbles of Capitalism		49
		Lessons for China and the Accession Process		52
		Safeguards		54
		The Relation of Safeguards to Antidumping		55
		Alternative Proposals		57
		Authors' Recommendations		59
4		Transparency and Due Process		61
		Why Transparency Matters More Today		61
		Obstacles in the Chinese Legal and Administrative Systems		63
		Transparency and the Accession Protocol		66
		Administration Litigation and Judicial Review		67
		Suggested Revisions in the Draft Accession Protocol		69
		Administrative Procedures: How Much Detail?		72
		A Note on Competition Policy and Private Restraints of Trade		74
5		A Proposed Review Mechanism for Transition Economies		76
		More...

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