There has been an economic miracle in China since Deng adopted more capitalistic polices.
Should it still retain the “developing country” country status with the WTO?
There has been an economic miracle in China since Deng adopted more capitalistic polices.
Should it still retain the “developing country” country status with the WTO?
Is China still a developing country overall, outside of the Tier 1 cities: Yes
Should they be allowed to benefit from lower tariffs and market protection while fixing their currency and buying influence overseas: No
I think they are still a developing country strictly from a development level.
Edit: Apparently Singapore and South Korea also have developing country status, but without abusing the benefits
The map is wrong, Eritrea did not exist in 1980. neither did South Sudan , which is accurately reflected.
And a few others mistakes. So I doubt the GDP figures are accurate if they can't get basic things done
I think it was clear in 2001 when China joined WTO, that it did not fulfill the requirements, e.g. market access to all other WTO members.There was a hope that this would follow, and encourage China to become more open and democratic, e.g. Clinton:
https://www.iatp.org/sites/default/f....htmSupporting
That has not happened - particularly under Xi.China's entry into the W.T.O., however, is about more than our economic interests; it is clearly in our larger national interest. It represents the most significant opportunity that we have had to create positive change in China since the 1970's, when President Nixon first went there, and later in the decade when President Carter normalized relations. I am working as hard as I can to convince Congress and the American people to seize this opportunity.
I'm not an economist, but it is an interesting topic. I recently followed this course by Albert Park from HKUST (free).
https://www.coursera.org/learn/econtransform1