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1、BookReviewsIntegratingChinaintotheGlobalEconomy.ByNICHOLASLARDY.[Washington,DC:TheBrookingsInstitutionPress,2002.x244pp.Hardcover$48.95,ISBN0-8157-5136-2;paperback$19.95,ISBN0-8157-51235-4.]ThisbookassessestheextentofChinasincreasingintegrationintotheglobaleconomyduringtheref
2、ormeraandexploresthelikelyglobalimpactofChinasmembershipintheWorldTradeOrganization(WTO).ThefivechaptersofthebookcoverChinaspre-WTOtradereforms;thetermsofChinasfinalWTOaccessionpackage;andtheimplicationsofChinasWTOmembershipforforeigncompanies,worldtrade,theinternationaltradings
3、ystem,andUS-Chinarelations.ItpresentssoberandreasonedanalysesoftheseissuesandrepresentsasolidattempttotakestockofChinaseconomicprogresstodateanditsprospectsoverthecomingdecade.Witnessingthemountingpublicationsonthissubject,onemaywonderwhatperspectivesorinsightsfromthisbookares
4、tillworthrepeatingandremembering.Withinthisshortreview,Iwouldliketohighlightthefollowingthree.First,Lardycontendsthat,contrarytopopularwisdominthemediaandresearchliterature,ChinaseconomyhadbecomefarmoreopenthanJapansanditwasreadytojointheWTO.BeforeWTOentryChinahadalreadyachiev
5、edthelowesttariffprotectionofanydevelopingcountryandhadalsoshrunknon-tariffbarriersimpressively.Mostpricedistor-tionswereeliminatedinthedecadebeforeWTOentryandmuchofthenecessaryindustrialandagriculturalrestructuringwasalreadyunderwaybeforeaccession.Othersubstantialprogressincl
6、udedexpansionoftraderights,adoptionofcurrentaccountconvertibility,vastexpansionofthelegalscopeforforeigninvestment,legalizeddevelopmentoftheprivatesector,andestablishmentofbasicsocialsecuritysystemsinurbanareas.Ifthisassessmentiscorrect,whydidittake15yearsforChinatogetintotheW
7、TO?LardyarguesthatthelongwaitingreflectsasmuchtherisingbarimposedbymembersoftheWorkingPartyasChinasslownesstoembracetheprinciplesofthemultilateraltradingsystem(p.9).Thisleadstothesecondinsightfulmessage.UnderpressurefromtheUSandtheEU,Chinacommitteditselftorulesthatviolatethenon
8、-discriminationprinciple,thesoulofaliberaltradingorder.Theser
