E3 Journal of Business Management and Economics
E3 Journal of Business Management and Economics Vol. 3 (5) pp. 162-172, May 2012; © E3 Journals; ISSN 2141-7482
Economic globalization, trade gap and the role of China
Hao Wei 1 * , Xi Wang 2 , Chunming Zhao 31 International Trade Department, Beijing Normal University
2 School of International Business, Beijing Language Culture University
3 School of Economics and Business, Beijing Normal University
*Corresponding Author E-mail: weihao2007@gmail.com/ 138-1179-8878
Accepted 20 April 2012
Abstract
This paper analyzes the foreign trade gap between 36 countries and regions and the role China plays from 1978 to 2007. The paper finds that the absolute gap among those countries increase, but the relative gap decrease, the gap between the developing and the developed decrease, the inter-regional gap of the developed is bigger than the developing. The risk of foreign trade gap between the countries decreases. China has played a significant role in the expansion of foreign trade gaps between countries and regions. So it’s necessary for China to change the model of foreign trade.
Keywords: Economic globalization; Foreign trade gap; Countries and Regions; China
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