China’s WTO accession will have major implications for China and present both opportunities and
challenges for East Asia. We assess the possible channels through which China’s accession to the WTO
could affect East Asia and quantify these effects using a dynamic computable general equilibrium model.
China will be the biggest beneficiary of accession, followed by the industrialized and newly industrializing
economies (NIEs) in East Asia. However, their benefits are small relative to the size of their economies and
to the vigorous growth projected to occur in the region over the next 10 years. By contrast, developing
countries in East...