A Study On The Correlation Of Technological Innovation And Sustainable Development Of International Trade

The sustainable development of international trade is generalized sustainable development. It is not only about the coordinative development of international trade and environment. It is the healthy, steady, sustainable development. It can promote the sustainable development of world economy. The sustainable development of international trade consists of four elements: the enrichment of the contents of international trade, the facility of the transaction way of international trade, the fair competition of international trade, and the coordinative development of international trade and environment.Technological innovation is the basic way that technology merges into the economic growth. It is also the principle approach that progress of science and technology promotes the economic development. Nowadays, those who lead the advanced technology in the world can dominate the world economy. The experience of the developed countries shows as well that technological innovation can constantly impel the economic growth. It is the important drive for the economic sustainable development.There is interaction between technological innovation and the sustainable development of international trade. The basic of technological innovation affected the sustainable development of international trade lies in its decisive function on the economic development. Technological innovation is the fundamental impetus to the sustainable development of international trade. It can strengthen the competitiveness of international trade. It can improve the transaction model of the international trade. It can promote the efficiency of the transaction. It can upgrade the industrial level. It can help the coordinative development of international trade and environment.Meanwhile, the sustainable development of international trade will have some impact on technological innovation. The process of sustainable development of international trade affects the progress of knowledge and technology. It combines different sciences. It can accelerate technological progress. It promotes the production, development and diffusion of new technology. It upgrades the technology level of the world. Thus it can improve the productivity of the whole world and promote the sustainable development of international trade. At the same time, many countries emphasize greatly on technology investment. Therefore, it promotes the development of technology and improves industrialization of advanced technology. In conclusion, based on China's economic development situation, the thesis gives some advice to promote mutual development of technology and foreign trade. Thus, in 21st century, China could be one of the great powers in the respect of international trade.