Study on the Relationship Between International Trade and Economic Growth
This article provides a comprehensive overview of the complex relationship between international trade and economic growth. The research background and importance include the following two aspects. Global economic integration: Accelerating development, international trade has become a key force. Economic connectivity: International trade promotes the integration of global resources, technology, and markets. The theoretical foundation review includes the following two aspects. Traditional international trade theory: absolute advantage, comparative advantage, factor endowment, etc. Modern International Trade Theory: Further Enriching and Improving the Theoretical Framework. In multidimensional empirical analysis, the following aspects are included. Macro level: The impact mechanism of international trade on the overall economy. Optimize resource allocation: improve production efficiency and promote economic growth. Promote technological progress: Introduce advanced technology to enhance industrial competitiveness. Micro level: International trade effects at the enterprise level. Industrial upgrading: International trade promotes the optimization and upgrading of industrial structure. Regional level: Differences in international trade and economic growth among different regions. The research conclusions and policy recommendations include the following aspects. Positive correlation: International trade and economic growth correlate positively and significantly. Policy reference: Provide valuable reference basis for policy makers. Sustainable Development: Helping countries achieve sustained and healthy economic development in the process of globalization.
Authors
- H Chen (ORCID: https://orcid.org/0009-0007-6046-9707)
- Jiayi Liu (ORCID: https://orcid.org/0000-0002-6010-9492)
Publication Details
- Journal
- Finance & Economics
- Published
- 2024-12-31
- DOI
- https://doi.org/10.61173/zxrng097
- Primary Topic
- Global trade and economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00