How would you expect production and trade in china


Problem

Since the early 1980s China has opened up its economy to market forces and international trade after 30 years of central planning. In 2002 it became a member of the World Trade Organisation (WTO) and agreed to remove various import protection measures. In the light of the law of comparative advantage, how would you expect production and trade in China to alter over the coming years and why?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How would you expect production and trade in china
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