Impact of Digital Transformation on International Trade

Digital transformation is profoundly affecting international trade, bringing both positive impacts and challenges; digitization and automation of trade processes have increased efficiency and reduced costs; cross-border trade facilitation has promoted global business exchanges; and data-driven decision-making has optimized market operations; however, issues such as the aggravation of the digital divide, data security and privacy protection, and barriers to the application of emerging technologies also need to be addressed, with corresponding measures and recommendations in the areas of policy, technology, and infrastructure development, and other corresponding measures and recommendations were put forward to promote digital transformation and the healthy development of international trade.

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Publication Details

Journal
Transactions on Economics Business and Management Research
Published
2024-08-21
DOI
https://doi.org/10.62051/xwmyf659
Citations
2
Primary Topic
Economic and Technological Innovation
Type
article
Field-Weighted Citation Impact
2.26
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article

Impact of Digital Transformation on International Trade

Yunji Yang, Linkai Kong, Wanchen Zhang, Yajing Cai et al.
2 citations
Transactions on Economics Business and Management Research
Economic and Technological Innovation
2.26
article

Impact of Digital Transformation on International Trade

Yunji Yang, Linkai Kong, Wanchen Zhang, Yajing Cai, Zhengyuanyi Yang
article en
2 citations

Abstract

Digital transformation is profoundly affecting international trade, bringing both positive impacts and challenges; digitization and automation of trade processes have increased efficiency and reduced costs; cross-border trade facilitation has promoted global business exchanges; and data-driven decision-making has optimized market operations; however, issues such as the aggravation of the digital divide, data security and privacy protection, and barriers to the application of emerging technologies also need to be addressed, with corresponding measures and recommendations in the areas of policy, technology, and infrastructure development, and other corresponding measures and recommendations were put forward to promote digital transformation and the healthy development of international trade.

Transactions on Economics Business and Management ResearchVol. 9
Changchun University of Science and Technology (CN), Central University of Finance and Economics (CN), Soochow University (CN), Xi'an University of Finance and Economics (CN), Shandong Women’s University (CN)
Partnerships for the goals
Openalex Percentile: Top 8%
Economic and Technological Innovation
2.26
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