Traditional Culture Encyclopedia - Traditional virtues - How does digital trade change the endogeneity of comparative advantage
How does digital trade change the endogeneity of comparative advantage
1, the influence of information technology: digital trade is driven by information technology, which makes the flow of information faster and more efficient. This enables producers to better understand market demand and consumer preferences, so as to carry out accurate production and marketing according to this information. This competitive advantage based on information technology is not the resource endowment or production efficiency emphasized by traditional comparative advantage, but more depends on the ability to acquire, process and apply information and knowledge resources.
2. The role of data flow: Digital trade is driven by data flow, making data a new factor of production. The ability to collect, store, process and analyze data has become an important part of the core competitiveness of enterprises. Enterprises with a large amount of data and advanced data processing technology can better meet the market demand and create new value. This data-based competitive advantage breaks through the limitations of geographical location and resource endowment emphasized by traditional comparative advantages, enabling enterprises to find the optimal resource allocation on a global scale.
3. Importance of information network: Digital trade takes information network as an important carrier, making universal service and stable access of communication facilities a new comparative advantage. With the popularization and improvement of information network, enterprises can transmit and communicate information more efficiently, so as to better adapt to market changes and customer needs. At the same time, the information network also provides more business opportunities and partners for enterprises, and promotes the international expansion of enterprises.
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