The Impact Of Trade Openness On Economic Growth

Trade openness and economic growth in different point of view reflects the economic development level of a country, for a country, the meaning of these two indicators and their exists between the interaction between, has an important role and practical significance in promoting the economic development of a country.In this paper, the developing countries according to the world bank's definition is divided into six regions, from the macro and regional national level two scales were investigated relationship between developing countries and regional trade openness on economic growth. Based on the two scale designed two kinds of measurement model, aiming at the macro level, according to the growth theory, trade openness measure indicators into the endogenous growth model, under the influence of labor, human capital and capital stock. The effects of the role of the relationship between trade and economic growth. In the case study of the national level, drawing on the practice of related scholars, ignoring the direct factors of other variables, focusing on the internal relations between trade openness and economic growth, the study found:(1) for the overall development of the region, the level of dependence on goods and services trade openness is more important, the role of promoting economic growth is also more obvious.(2) Because of its complex geopolitical, Developing countries and regions' cultural environment and economic systems and structures and diverse, so the face of globalization, the economic crisis had emerged fluctuations exhibit different responses and different effects. And with respect to the international environment is concerned. More by the national internal policy situation and the impact of the economic structure, and thus between trade openness and economic growth also showed a different role relationships.(3) six regions generally appear foreign trade level is far lower than the level of foreign trade in goods, show is the situation of the low level in terms of the level of openness in service trade, and between the various regions exist significant gaps.(4) there are Europe and Central Asia, East Asia and the Pacific goods trade openness and service trade openness on economic growth rate has a positive role in promoting. In South Asia, the Middle East and North Africa, sub Saharan Africa is more focused on goods trade openness. Relative to the Caribbean, affect the service trade openness on economic growth is more important.