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EXPORT TRADE IN THE DIGITAL AGE: ANALYZING ASEAN'S IMPACT ON CHINA'S BENEFITS

Jun Xin Liu
Published 26 June 2024
Vol. 1, No. 1 (2024)
pp. 36-46
CC BY 4.0
  1. 1
    Jun Xin Liu
    School of Economics, China-ASEAN Institute of Financial Cooperation, Guangxi University, Nanning,
    CN

onomic growth. The "2019 Digital Economy Report" from the United Nations Conference on Trade and Development underscores that the digital economy encompasses not only digital industries like information technology but also industrial digitalization, the infusion of digital technology into traditional sectors, leading to their transformation into pillars of the digital economy. The evolution of the digital economy, the advancement of digital technology, and the rapid adoption of digital tools have all ascended to a strategic national priority, playing a pivotal role in socioeconomic development and enhancing living standards. In the era of economic globalization, international trade agreements, such as China's free trade areas with other nations, have fortified regional commercial cooperation and trade interactions. However, within the global value chain, intermediate goods traverse borders multiple times, engendering issues of "double counting" in traditional trade metrics based on total commodity values. Consequently, these metrics fail to accurately gauge the value added by individual countries. Enter the trade benefit index, grounded in value-added trade statistics, offering a more precise reflection of a nation's real gains from international trade and serving as a vital indicator of trade prowess

JournalColumbia Journal of Business and Economic Research
ISSN3065-0291
Volume / IssueVol. 1, No. 1 (2024)
Pages36-46
Published26 June 2024
Access Open Access
LicenseCC BY 4.0 — reuse with attribution
PublisherKeith Publications
Liu , J. (2024). EXPORT TRADE IN THE DIGITAL AGE: ANALYZING ASEAN'S IMPACT ON CHINA'S BENEFITS . Columbia Journal of Business and Economic Research, Vol. 1 No. 1, pp. 36-46

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