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Very good in good dust jacket. Signed by author. Inscription to Paul Kreisburg (of the Wilson Center? ) signed by both authors. DJ has some wear, soiling, and edge tear. xviii, 199 p. Tables. Acronyms. References. Index. "This is a study of the evolving relationship between the People's Republic of China (PRC) and the keystone international economic organizations (KIEOs): the International Monetary Fund (IMF), the International Bank for Reconstruction and Development (IBRD or World Bank) and its affiliated agencies, and the General Agreement on Tariffs and Trade (GAIT). The PRC entered the IMF and the World Bank in 1980, and in 1986 it formally requested that negotiations be opened on its full participation in GAIT. These three multilateral organizations deserve to be called keystone international economic organizations because they play indispensable roles in giving a measure of coherence and stability to the international monetary, financial, and commercial systems. They are crucial to the functioning of the contemporary international political economy. When created in the immediate aftermath of World War II, their organizers envisioned that the membership in them would be universal, but until the early 1970s they were comprised almost exclusively of states with market economies. In the 1970s, various Eastern European countries with planned economies entered the KIEOs, but their inclusion pales in significance to that of China. China has more than a fifth of the world's population. In 1980, when it entered the IMF and the World Bank, its gross national product was the eighth largest in the world, even though on a per capita basis China remained a poor country. Its textiles, metallurgy, and energy industries place China among the top five countries in total production of fabrics, steel, petroleum, and coal. China's economic potential is tremendous. China's embracing of the KIEOs reversed its previous policies. From 1949, when the People's Republic of China was proclaimed, until the early 1970s, China pursued a largely autarkic economic policy outside the KlEOs. While China did have extensive economic relations with the Soviet Union and Eastern Europe in the 1950s, and cultivated commercial ties with Western Europe and Japan in the early 1960s, in both instances the purpose of the external involvement was to build an integrated and self-reliant national economy. Chinese officials regularly castigated the KlEOs as instruments of capitalist exploitation. Many Western governments, especially the United Stats, seemed equally hostile toward China. "( preface ).
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