Study Document
Trade Patterns Between U.S. and Term Paper
Pages:3 (953 words)
Sources:1+
Subject:World Studies
Topic:World Trade Organization
Document Type:Term Paper
Document:#80032090
S. with the land from which these manufacturing warehouses and factories were to be built. Inevitably, with the establishment of manufacturing companies in China, it had slowly developed and became known as one of the primary producers of technological products and merchandise -- that is, mass production of technological merchandise. China was pitted against its other Asian neighbors, especially Korea, when it comes to manufacturing (since Japan was known as the cradle of technological invention and innovation and not so much for manufacturing technological products and materials.
The third phase involves the integration of China into the world market. With the U.S. As its primary investor, China became a member of the World Trade Organization (WTO) at the onset of the 21st century. The country continued its role as provider of foodstuffs to America, especially agricultural products such as edible meat, vegetables, oil seeds, sugar, cocoa, nuts, and tobacco substitutes (McMillion, 2000). Meanwhile, U.S. had provided support in the development of China's agricultural technology as part of its agreement in establishing trade relations with the country. These support services include the provision of technical expertise in the cultivation, protection, and distribution of farm products, research on plant technology, genetic engineering, genetic breeding, and transgenic crops.
Transitions within the four-year period of trade relations between U.S. And China shifted once again to its state during the 1980s. Apart from being a supplier of agricultural products and information concerning agricultural technology, China is now being 'groomed' as the technology capital of Asia, where U.S. investors on computer and Internet technologies are heavily investing on the establishment of manufacturing companies. One of China's assets, apart from the availability of land in which to manufacture technological merchandise, is the availability of cheap human labor. Thus, U.S.-China trade relations has gone so far as to include other Western nations as well, specifically members of the European Union (EU) (Asia Source, 2000). Though at present, trade relations are strained because of the political and military threat that China poses for the U.S., trade relations and economic transactions between the two countries are still ongoing, especially now that China is slowly invading the Asian market, which is considered the largest market of consumers in the world today (Shambaugh, 2001).
Bibliography
China in the WTO: An interview with Amb. Charlene Barshefsky." (March 2000). Asia Source Web site. Available at http://www.asiasource.org/news/at_mp_02.cfm?newsid=13811.
McMillion, C. (March 2000). "The U.S., China, and WTO: More false promises, debt, and unnecessary instability." Washington, DC: MBG Information Services.
Shambaugh, D. (April 2001). "No easy way forward with China." The New York Times Online. Available at http://www.nytimes.com/2001/04/03/opinion/03SHAM.html.
Worden, R., a. Savada, and R. Dolan. (July 1987). "China: a country study." Library of Congress, Federal Research Division.
Sample Source(s) Used
Bibliography
China in the WTO: An interview with Amb. Charlene Barshefsky." (March 2000). Asia Source Web site. Available at http://www.asiasource.org/news/at_mp_02.cfm?newsid=13811.
McMillion, C. (March 2000). "The U.S., China, and WTO: More false promises, debt, and unnecessary instability." Washington, DC: MBG Information Services.
Shambaugh, D. (April 2001). "No easy way forward with China." The New York Times Online. Available at http://www.nytimes.com/2001/04/03/opinion/03SHAM.html.
Worden, R., a. Savada, and R. Dolan. (July 1987). "China: a country study." Library of Congress, Federal Research Division.
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