Proceedings of the 2018 International Conference on Social Science and Education Reform (ICSSER 2018)

The Significance of Comparative Advantage Theory and Competitive Advantage Theory to the Development of China's Foreign Trade

Authors
Zhili Ren, Yuwei Ma
Corresponding Author
Zhili Ren
Available Online October 2018.
DOI
https://doi.org/10.2991/icsser-18.2018.3How to use a DOI?
Keywords
Comparative Advantage; Competitive advantage; Comparative Advantage Trap; The Ministry of Foreign Trade
Abstract
For a long time, China's foreign trade has remained dominated by labor-intensive products. The international division of labor, which only takes comparative advantages, cannot fundamentally drive the country's economic development, but will cause China fall into the "trap of comparative advantage". Based on the study and analysis of the influence of comparative advantage theory and competitive advantage theory on China's foreign trade, this paper concludes that China must adjust its trade development strategy and change from comparative advantage strategy to competitive advantage strategy under the guidance of competitive advantage theory.
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Proceedings
2018 International Conference on Social Science and Education Reform (ICSSER 2018)
Part of series
Advances in Social Science, Education and Humanities Research
Publication Date
October 2018
ISBN
978-94-6252-600-6
ISSN
2352-5398
DOI
https://doi.org/10.2991/icsser-18.2018.3How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Zhili Ren
AU  - Yuwei Ma
PY  - 2018/10
DA  - 2018/10
TI  - The Significance of Comparative Advantage Theory and Competitive Advantage Theory to the Development of China's Foreign Trade
BT  - 2018 International Conference on Social Science and Education Reform (ICSSER 2018)
PB  - Atlantis Press
SN  - 2352-5398
UR  - https://doi.org/10.2991/icsser-18.2018.3
DO  - https://doi.org/10.2991/icsser-18.2018.3
ID  - Ren2018/10
ER  -