China WTO Entry Benefited US
China WTO Entry Benefited US

China WTO Entry Benefited US

China WTO Entry Benefited US

US families benefited greatly from China’s World Trade Organization entry in 2001, as prices of manufactured goods like shirts, electronic devices and pet foods fell by 7.6% between 2000 and 2006, a recent research paper from a leading US economic research organization showed, Xinhua reported. “The impact of China’s enormous growth on the rest of the world is an increasingly active area of study,” four economists from the United States, China and Australia said in a National Bureau of Economic Research working paper released in late June. The paper found people largely neglected the potential gains of consumers in developed nations through cheaper imported goods. Their research showed that China’s WTO entry drove down the price index of manufactured goods in the United States by 7.6%, averaging around 1% annually between 2000 and 2006. Moreover, they found the major reason for lower goods prices in the United States was mainly related to lower tariffs China imposed on imported inputs in the aftermath of its WTO entry, which led to higher productivity and lower export costs.


Short URL : https://goo.gl/xQeivv
  1. https://goo.gl/yxhxvQ
  • https://goo.gl/YqaJkv
  • https://goo.gl/sxwtJ1
  • https://goo.gl/BUA2pv
  • https://goo.gl/S1MtNj

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.