China & WTO
In what might become a key issue in the November election is China's entry into the World Trade Organization (WTO). In case you haven't noticed the WTO has been a key issue over the past couple of months. Groups have been blaming the WTO for all the world's problems. "The WTO is anti-(insert any item here)," is something that I can always chuckle at. However, I will concede this to anti-WTO groups, China's entry is something that needs to be carefully examined. Do we allow a murderous, corrupt, communist regime into the civilized world's economic system? Reluctantly, I say yes. China's vast potential as an economic powerhouse has been noticed by outsiders for centuries. Just getting access to even ten percent is enough to send profits soaring. However, this comes with a high price tag. China's huge bureaucratic, centrally controlled government, has been ill equipped to handle foreign trade. Walk the streets of Bejing or any other major city and you will find an abundance of copied goods. Copies of Windows 98 or the latest CD can be found pirated by individuals, companies, or even the government with no royalties going to those who earned it. China has shown no interest in cracking down on this blatant violation of
international trade laws. The People's "Liberation" Army has even undertaken profit adventures outside government control. Yet, would this change if they were allowed into the WTO? I believe it would and I'll explain later. Despite all the misgivings I have about the WTO it has a formidable enforcement clause. China will have to comply with this agreement. They will have to fully comply. If China doesn't comply it will face sanctions until it does comply. This agreement will also allow our formidable industries access to the lucrative Chinese market. Imagine the demand for Intel chips if American industries had access to a billion Chinese citizens who want to get on the Internet or the monetary reward for the hard working farmer if they had access to the Chinese market. This is too good of an opportunity to pass up. If this treaty is refused then we will become isolated on the world's stage. Other countries will continue to trade with China, while we sit on the outside. The cold hard fact is that one day China will be the biggest economy in the world, eventually passing the U.S. China might have the luxury one day of granting us the right to trade in their country. By opening China up ! Despite my misgivings about this "engagement" policy it has shown some progress in reforming China. China has
Some common words found in the essay are:
Ross Perot, Organization WTO, Liberation Army, China China, Tiannamen Square, Country Systems, Copies Windows, Los Angeles, United Critics, , comply agreement, access chinese, industries access, chinese market, despite misgivings, world's stage, free trade, china's entry, key issue,
Approximate Word count = 891
Approximate Pages = 4 (250 words per page double spaced)
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