A Research On Trade Structure Optimization Of Yangtze River Delta In The Context Of Economic Globalization

The Yangtze River Delta area, as the leader of China’s foreign trade, steps on to a new stage of open economy under the economic globalization background. While the disadvantages of its traditional trade model have also come out obviously in the economic globalization environment, especially the recent financial crisis seriously attack trade activities in this region, which expose the fragile trade base of Yangtze River Delta, its extensive foreign trade growth mode has experienced serious test. Therefore, it is necessary to make a study on the trade structure optimization of Yangtze River Delta. In this paper, the author tries to investigate the insufficient of Yangtze River Delta trade structure, and find out the main factors which influence trade structure optimization, then point out main measures on the trade optimizing.This paper combines statistical analysis and empirical analysis method. First, the author gives the definition of foreign trade structure optimization. Then, make a review of the classic international trade theory as well as the research results on trade structure at home and abroad. For the statistical research, the author makes a overall analysis of Yangtze River Delta trade condition from four aspects:foreign trade commodity structure, foreign trade mode structure, foreign trade subject structure and foreign trade area structure, and points out the disadvantages of its current trade structure:the structure of the trade goods is not reasonable and can’t adapt to the industry development needs; for the trade method, the general trade proportion is relatively low; and the trade subject mainly reliance on foreign capital enterprise rather than the private enterprise, which is also not reasonable; and what’s more, the trade area structure distribution is also lack of diversification development. All of the above are key problems of trade structure optimization on Yangtze River Delta.For the empirical research, in reference to the international trade theory and other related research achievements, this paper analyzes the trade structure optimization influence mechanism through some main factors, including capital stock, foreign direct investment, income level, exchange rate, the industrial structure, and R&D level, and put forward relevant hypothesis. Then the author uses1999-2009s data of Yangtze River Delta to construct a panel data model and make a quantitative analysis on trade structure optimization, focus on trade commodity structure and trade method structure. The results show that industrial structure level, FDI, capital stock, income level are main factors of Yangtze River Delta region trade structure optimization, and there still some promotion needs on the using of FDI and the research development effects. Meanwhile, the results also point out the current structure model of Yangtze River Delta is less able to resist financial risks.In the end, this paper makes a conclusion on Yangtze River Delta trade structure optimization and puts forward some relevant policy suggestions.