1. SUSTAINABLE ECONOMIC GROWTH WITH WTO ACCESSION IN CHINA.
- Author
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ERTEKN, Meriç SUBAŞI and DURAL, Betül YÜCE
- Subjects
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SUSTAINABLE development , *ACCESSION (Law) , *ECONOMIC reform , *SOCIAL development - Abstract
China's economy has grown remarkably since its adoption of market-oriented reforms in 1978. This reform movement played an important role in China's growth prospects,and is expressed in a transformation of its economic structure and economic growth model. The economic growth of China has further increased as a result of its accession to the World Trade Organization (WTO) on 11 December 2001, and through its economic openness. This has brought certain opportunities, but also presents risks. However, there is doubt about the issue of sustainability of China's long-term economic growth. This paper aims to examine the sources of economic growth in China through the literature on the subject, considering expansion of output, which is the sum of the change in consumption, investment, and net exports of goods and services, and then inward foreign direct investment (FDI), and their status as sources of economic growth. It concludes that despite China's rapid economic growth, there are a number of structural problems in the country's economy, as well as future challenges facing China. [ABSTRACT FROM AUTHOR]
- Published
- 2015