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

DOI

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.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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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  - 10.2991/icsser-18.2018.3
ID  - Ren2018/10
ER  -