Business Impact to a IT firm when China Enters the World Trade Organization

Introduction
The time is not far when the face of the economic side of the world will change with the advent of the rules and regulations of the World Trade Organization (WTO) being implemented in China. This is something that has been on the table of discussions for people, especial in many business firms. In brief, the World Trade Organization (WTO) is "the only global international organization dealing with the rules of trade between nations. At its heart are the WTO agreements, negotiated and signed by the bulk of the world's trading nations and ratified in their parliaments. …