The World Economy
Global Trade Policy 2012
World Economy Special Issues Series

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

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

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.’