Authors:

  • Mark Wu

Excerpt

China’s rise and the growing doubts over trade multilateralism. Mark Wu, 2019, Book Chapter, "China’s impressive economic and technological rise in the early 21st century is unprecedented in modern times. For one, it marks the first time in the postwar era that the world’s leading trade power has embraced an economic and political model different than the traditional liberal democratic, market-oriented model associated with industrialised nations. While the world trading system has never mandated that countries within the regime conform to any economic model per se, the postwar global trade regime has always been led by countries within the Western security alliance, with the US at its fore. China, however, has sought to chart out its own path." Link