For many years, Western politicians were enthusiastic about the prospect that China’ integration into the global economic order would boost international trade and investment, encourage China’s restructuring towards a market economy, discipline the domestic legal system and strengthen the rule of law in China. More recently, however, serious allegations have been raised that China’s increased participation in the liberal international economic order had not effectuated China’s deeper engagement with market economy transformation or respect for the rule of law. The purpose of this presentation is to revisit the two contrasting narratives on the impact of international trade and investment norms on China's economic transformation and the rule of law over the past two decades. I will argue that, although these international rules and institutions have played a positive role in advancing economic reforms and the rule of law in China, such a role has long been misrepresented and exaggerated. Accordingly, I will reflect on why international economic law has failed to play a catalyst role in transforming China widely expected in the western world.
Speaker: Professor Ming Du, Durham UniversityPlease register for the zoom details.