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This book explore the future of East Asia's middle-income countries.Without the advantages of low wages or high skills, and with limited natural resources, East Asian economies are following a new path of regional integration, led by China.

China's accession to the WTO requires a great many specific policy reforms. However, if the best results are to be obtained, it is important that these reforms be implemented as part of a consistent development program, rather than simply by treating them as a recipe. To do this, policy makers must understand the range and nature of the policy changes required by accession, their implications for the economy, and the availability and effects of supporting policies. China and the WTO analyzes the nature of the reforms involved in China's accession to the WTO, assesses their implications for the world economy, and examines the implications for individual households, particularly the poor. Its key objective is to provide the information that will allow policy makers to implement WTO commitments and formulate supporting policies to contribute strongly to economic development and poverty reduction. Individual chapters by leading scholars analyze the nature of the reforms in key areas, such as agriculture, services, intellectual property and safeguards and anti-dumping. These chapters form the building blocks for later chapters which analyze the implications of reform for the economy. The book also includes a series of studies that assess the implications for households, taking into account the social safety net policies applying in China, and the impacts of complementary policies in areas such as labor market reform and investments in human capital. Of interest to policymakers, academe and students studying international trade issues and to practitioners in the area of trade and development, China and the WTO is a valuable addition to the wealth of information provided by the World Bank Trade and Development Series.

One estimate predicts that Asia will need $8 trillion of infrastructure investment between 2010 and 2020. Deepak Bhattasali and Vinod Thomas look at the opportunities and constraints for investing in infrastructure throughout Asia, and what the development impacts could be.

China's accession to the WTO requires a great many specific policy reforms. However, if the best results are to be obtained, it is important that these reforms be implemented as part of a consistent development program, rather than simply by treating them as a recipe. To do this, policy makers must understand the range and nature of the policy changes required by accession, their implications for the economy, and the availability and effects of supporting policies. \"China and the WTO\" analyzes the nature of the reforms involved in China's accession to the WTO, assesses their implications for the world economy, and examines the implications for individual households, particularly the poor. Its key objective is to provide the information that will allow policy makers to implement WTO commitments and formulate supporting policies to contribute strongly to economic development and poverty reduction. Individual chapters by leading scholars analyze the nature of the reforms in key areas, such as agriculture, services, intellectual property and safeguards and anti-dumping. These chapters form the building blocks for later chapters, which analyze the implications of reform for the economy. The book also includes a series of studies that assess the implications for households, taking into account the social safety net policies applying in China, and the impacts of complementary policies in areas such as labor market reform and investments in human capital.

Contents: Impact and policy implications of WTO accession for China, by Deepak Bhattasali, Shantong Li, and Will Martin; What China's WTO accession is all about, by Jeffrey L. Gertler; China in the WTO: antidumping and safeguards, by Patrick A. Messerlin; Intellectual property rights in the WTO accession package: assessing China's reforms, by Keith E. Maskus; China's agricultural development and policy readjustment after its WTO accession, by Chen Xiwen; The nature of distortions to agricultural incentives in China and implications of WTO accession, by Jikun Huang, Scott Rozelle, and Min Chang; The impacts of WTO accession on Chinese agriculture and rural poverty, by Kym Anderson, Jikun Huang, and Elena Ianchovichina; The services dimension of China's accession to the WTO, by Aaditya Mattoo; Logistics in China: implications of accession to the WTO, by Wenping Luo, Christopher Findlay; Telecommunications services in China: facing the challenges of WTO accession, by Mari Pangestu, Debbie Mrongowius; Accelerating financial market restructuring in China, by Deepak Bhattasali; WTO accession and the structure of China's motor vehicles sector, by Joseph F. Francois, Dean Spinanger; Economic impacts of China's accession to the WTO, by Elena Ianchovichina, Will Martin; Earnings and labor mobility in rural China: implications for China's accession to the WTO, by Terry Sicular, Yaohui Zhao; Welfare impacts of China's accession to the WTO, by Shaohua Chen, Martin Ravallion; Implications of WTO accession for poverty in China, by Thomas W. Hertel, Fan Zhai, and Zhi Wang; Coping with and adapting to job losses and declines in farm earnings in China, by Athar Hussain.