The World Economy Global Trade Policy 2012

This is the nineteenth volume in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy.

• Examines key issues pertinent to the multinational trading system, as well as regional trade arrangements and policy developments at the national level
• Includes chapters exploring WTO issues, and agricultural trading issues
• Provides up-to-date assessments of the World Trade Organization's current Trade Policy Reviews
• Analyses global trade policy in areas such as Australia and Sri Lanka, and includes special sections on both China and Malaysia
• A vital resource for researchers, analysts and policy-advisors interested in trade policy and other open economy issues

David Greenaway is Vice-Chancellor of the University of Nottingham, where he is also Professor of Economics and Research Fellow in the Leverhulme Centre for Research on Globalisation and Economic Policy.’

Notes on Contributors vi

TRADE POLICY REVIEWS

1 Australian Trade Policy Strategy Contradictions SHIRO ARMSTRONG 1

2 Trade Policy Review for China: Continuing Globalisation Amidst the World Financial Crisis
SHUJIE YAO AND CHANG LIU 13

3 Sri Lanka’s Trade Policy: Reverting to Dirigisme?
PREMA-CHANDRA ATHUKORALA 31

SPECIAL FEATURE ON MALAYSIA

4 Malaysia: A Success Story Stuck in the Middle?
HAL HILL, THAM S. YEAN AND RAGAYAH H. M. ZIN 57

CURRENT ISSUES IN CHINA

5 Zhu Rongji Might Be Right: Understanding the Mechanism of Fast Economic Development in China  JUN ZHANG 83

6 China and the World Trading System
AADITYA MATTOO AND ARVIND SUBRAMANIAN 103

7 Chinese Networks and Tariff Evasion
LORENZO ROTUNNO AND PIERRE-LOUIS VÉZINA 143

8 Trading Partners, Traded Products and Firm Performances of China’s Exporter-Importers: Does Processing Trade Make a Difference?
ZHENG WANG AND ZHIHONG YU 165

Index 195

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