China's accession to the World Trade Organization (WTO) was a watershed event for both China and the WTO. After 30 years of effective isolation from the world economy, and close to a quarter century of autonomous reforms, China joined the legal framework of the world trading system. In doing so...

The aim of this research is to analyze the macroeconomic performance of developed countries after China’s accession to WTO. Despite of strong internal and external pressures, China achieved the membership status in WTO in 2001. Time series and cross-sectional data indicate that the implication...

In this chapter I explain an innovative modeling approach that incorporates services, foreign direct investment (FDI) and endogenous productivity effects from services. I begin with a small stylized model to help understand the fundamental economics. The model shows that services liberalization...