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Research on the Path of High-Quality Development and Structural Optimization of China’s Foreign Trade from the Perspective of Comparative Advantage

Jiehao Xu, Ziyuan Xu, Shengming Wang

Abstract


The comparative advantage theory occupies an important basic position in international trade and division of labor, and is a refer_x005fence index for most countries to choose import and export trade. However, with the constant changes of the international situation in recent
years, the traditional theory of comparative advantage has been biased from the reality in theory and practical application. Therefore, when
applying the comparative advantage theory, we should combine China’s current national conditions and industrial structure, as well as the
complex and volatile international trade environment different from the theoretical assumptions, to improve China’s foreign trade development strategy with the times, so as to provide more practical theoretical guidance for the sustainable and high-quality development of China’s
foreign trade and the upgrading of domestic industrial structure.

Keywords


Comparative Advantage; Foreign Trade; Industrial Structure

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References


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DOI: http://dx.doi.org/10.18686/fm.v8i6.11696

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