New-Type Productive Forces Promote Trade Development
Peishan Li *
School of Business, Jiangsu Ocean University, Lianyungang City, China.
*Author to whom correspondence should be addressed.
Abstract
This paper uses theory to analyze the enabling role of the new quality of productivity on the development of international trade, and specifically discusses three aspects, namely, the enabling mechanism, practical challenges and policy responses. In terms of the enabling mechanism, through optimizing global factor allocation, promoting technology-intensive trade, and generating new forms of digital trade and other multiple paths, the new quality of productivity accelerates trade efficiency, reshapes the trade structure, and broadens trade boundaries, and the global value chain has been upgraded because of the increase in technological sophistication and added value of products. In terms of practical challenges, in the process of empowerment, new quality productivity faces such practical challenges as uneven regional development, conflict between technical standards and rules, and disconnection between science and technology innovation and industrial structure, which constrain the release of its potential. In view of these challenges, policy suggestions such as building a cross-regional technology sharing mechanism, actively participating in international standardization, and setting up a platform for industrial technology adaptation are put forward to promote the deep integration of new productivity and the trading system, and to provide theoretical references and practical paths for the high-quality development of global trade.
Keywords: New quality productivity, trade, technology, industrial structure