Export-led Economic Growth And Trade Policy Options

Due to the constant breakthroughs in theory and successful practice of East Asian countries, Export-led model of economic growth attracted widespread attention, so that many countries followed them. Over half a century, this economic growth model has gained great glory in above countries, but at the same time, it is also highly questionable because of its problems during the process of development. Through examining the export-led growth model to sort out the problems, we can find out that it is necessary to adjust on this model, export can indeed become a booster to a country's economic growth, but we must hold on a proper degree. For our country, since the beginning of reform and opening up, the pattern of China's economic growth also gradually turned to export-led mode. After more than 30 years, the export trade has played a tremendous role to drive the economic growth in China, and has greatly promoted China's modernization process and economic development, but this model is also to be examined. Especially as a big developing country, China has been suffering more severely. Therefore, the adjustment to export-led model of economic growth in our country is inevitable, and from China's own conditions, this adjustment is also feasible. However, under the social pressure, employment for example, it is also unrealistic to make the dilemma to be reversed in a short term, we must adhere to a gradual and orderly progress. As a means of government intervention in trade development, trade policy can and should play an active role in the adjustment process of economic growth model. Compatible with our country's economic development, trade policy should be divided into short-term and long-term, that is to continue to encourage exports in a short term, but gradually reduce the incentive intensity, after some time, to implementation a neutral trade policy, Meanwhile promoting the optimization and upgrading of industrial structure, so that to promote the domestic demand play a greater role in the national economy.