Research on International Trade Theory and the Status Quo of World International Trade ()
ABSTRACT
This paper studies the traditional international
trade theory which developed preliminarily since the fifteenth century and
analyzes strengths and weaknesses of various theories. With the time
development, and the progress of science and technology, driven by explosive
growth in productivity, these theories no longer fit in with newer
international trade. Then it led to the current mainstream theories of
international trade and the various characteristics of current international
trade, including multinational corporations, the international monopoly, the
emergence of trade protectionism, and the implementation of various trade
policies in different countries. Thus, this paper tries to discuss the
endogenous problems of trade protectionism and trade opening policy. This paper
thinks that regional economic development should pay attention to the guiding
role of policy in the opening, so as to avoid the adverse effects of opening
and achieve the purpose of sustainable and healthy development.
Share and Cite:
Chen, Z. (2022) Research on International Trade Theory and the Status Quo of World International Trade.
American Journal of Industrial and Business Management,
12, 1079-1087. doi:
10.4236/ajibm.2022.126057.
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