The World Economy: Global Trade Policy 2012 is the nineteenth in an annual series in which leading economists provide a concise and accessible evaluation of major developments in trade and trade policy. Each annual volume examines key issues pertinent to the multilateral trading system, as well as regional trade arrangements and policy developments at the national level. Each volume also provides assessments of the World Trade Organization′s recent Trade Policy Reviews.
The 2012 issue analyses global trade policy in areas such as Australia and Sri Lanka, and includes special sections on both China and Malaysia. This book is a vital resource for researchers, analysts and policy–advisors interested in trade policy and other open economy issues.
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