The September 11, 2001 terrorist attacks on the World Trade Center and the Pentagon is

a somber lesson to remind the world of how important it is to get globalization right.

Now its clearer than it has been ever that the world is split between those who benefit

from the increasing wealth and openness of globalization and those who oppose and

intend to destroy globalization. The difference of two beliefs will mean a world of

increasing trouble, ranging from environmental degradation to political instability to

terrorism. Few places matter more in the debate over globalization than China.

Less than a week after the terrorist attack on U.S., China passed an important milestone

in its development, one that was unnoticed as the world struggled to understand and

respond to the terrorism. On September 17, in Geneva, the World Trade Organization

(WTO) agreed on the final terms for the country to join the international trade body.

Entry into the WTO is the most significant event since China began economic reforms a

quarter-century ago. WTO membership, coupled with the awarding of the 2008 Summer

Olympics to Beijing in July 2001, will help China

concessions to foreign interests. Agricultural tariff will drop to an average of 17% and

reclaim a place on the world stage that

WTO's main role is to ensure that trade develops accordingly to international rules,

Despite optimism about the beneficial effect of WTO membership for China, it will also

the end of 2003. The new law will define the coercive powers of the government and

implementation a success in China.

government-controlled. Government, rather than the two companies that are listed on

employ more than eight people. That paved the way for the large-scale township and

pressure from an external source such as the WTO. The fact that an aggrieved foreign

The most important part of the WTO arrangements may be the implications for China's

Some common words found in the essay are:
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Approximate Word count = 4373
Approximate Pages = 17 (250 words per page double spaced)