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Free Markets, State Involvement, and the WTO: Chinese State Owned Enterprises (SOEs) in the Ring

Author

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  • Petros C. Mavroidis
  • Merit E. Janow

Abstract

The WTO has struggled with the treatment of nonmarket economies (NMEs). What was a nonissue in the original GATT (because of the homogeneity of participants) became quite an issue with the accession of formally centrally planned economies, which were not transformed to market economies, at least not in the eyes of the incumbents. Contracting this issue has proved to be so far always wanting, and leaving it to adjudicators has not produced good results either. With respect to Chinese SOEs this risks continuing to be an issue, since the contractually agreed deadline (2016) after which China should not be treated as NME anymore, risks proving to be full of holes and loopholes.

Suggested Citation

  • Petros C. Mavroidis & Merit E. Janow, 2017. "Free Markets, State Involvement, and the WTO: Chinese State Owned Enterprises (SOEs) in the Ring," RSCAS Working Papers 2017/13, European University Institute.
    • Handle: RePEc:rsc:rsceui:2017/13
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    References listed on IDEAS

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    Cited by:

    1. Kevin Lefebvre & Nadia Rocha & Michele Ruta, 2023. "Containing Chinese state-owned enterprises? The role of deep trade agreements," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 159(4), pages 887-920, November.
    2. Sharadendu Sharma & Yadnesh P. Mundhada & Rahul Arora, 2023. "Which Combination of Trade Provisions Promotes Trade in Value‐Added? An Application of Machine Learning to Cross‐Country Data," Economic Papers, The Economic Society of Australia, vol. 42(4), pages 332-346, December.
    3. Ming Chen & Jiao Wu, 2023. "State ownership may not be bad: Based on bibliometric research (2002–2021)," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 44(2), pages 1285-1304, March.

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    More about this item

    Keywords

    NME (nonmarket economy); SOE (state-owned enterprise); WTO;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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