The Significance of Comparative Advantage Theory and Competitive Advantage Theory to the Development of China's Foreign Trade
Zhili Ren, Yuwei Ma
Available Online October 2018.
- https://doi.org/10.2991/icsser-18.2018.3How to use a DOI?
- Comparative Advantage; Competitive advantage; Comparative Advantage Trap; The Ministry of Foreign Trade
- 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.
- 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 - Proceedings of the 2018 International Conference on Social Science and Education Reform (ICSSER 2018) PB - Atlantis Press SP - 10 EP - 13 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 -