Petros C. Mavroidis, André Sapir 30 April 2021
Editor’s note: This is the final column in a three-part series on China and the WTO. Read the first two columns here and here.
In the first part of this three-part series, we argued that WTO members had high expectations that by admitting China into their midst, its economic system would gradually converge to the liberal economic system, which has been implicit in the GATT and then the WTO agreements. In the second part, we saw that many of China’s trading partners, in particular the US and the EU, feel that China has not lived up to their expectations.
This is a clear case of cognitive dissonance. China never committed to becoming a ‘market economy’ when it joined the WTO. It only promised to become a