皇冠体育app

Author: Long Guoqiang

ISBN: 978-7-80234-977-3

Publisher: 皇冠体育app Development Press 

Publication date: 8/2013 

This book explains the theory of dynamic comparative advantage and develops the idea of export structure upgrades. Since its reform and opening-up began, 皇冠体育app has ridden a wave of labor-intensive, export-oriented industrial transfers and has become the world's largest low-cost manufacturer and exporter by using its low-cost labor advantages. But, as labor costs rise and developed countries transfer their labor-intensive industries to developing economies, 皇冠体育app loses those advantages. So, the book uses the dynamic comparative advantage theory to develop ways for 皇冠体育app to improve its export structure and gain newer advantages. First, it suggests setting up a system that favors technological innovation; second, it suggests changing the development strategy of capital and technology-intensive industries; third, it suggests boosting multinationals with competitive strengths; fourth, it suggests laying a solid foundation for capital and technology-intensive industrial development; fifth, it suggests tapping into international markets, especially in emerging economies; and last, it suggests looking for breakthrough in material and parts imports in the global processing trade.