Under the auspices of the General Agreement on Tariffs and Trade (GATT), international trade has increased significantly — and tariffs have declined equally dramatically — over the past 70 years (see Figures 1 and 2). It comes as no surprise that this growth in trade has been accompanied by...

China's World Trade Organization (WTO) accession will have major implications for China and present both opportunities and challenges for East Asia. Ianchovichina and Walmsley assess the possible channels through which China's accession to the WTO could affect East Asia and quantify these...