Impact of China’s WTO Accession on East Asia

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...