Research On The Economic Effects Of Third-party Market Cooperatio

Developed economies are experiencing slow or even near stagnation,and emerging countries have strong demand for infrastructure construction.When China and developed countries are developing outward at the same time,there is an obvious Crowding out effect.In order to adapt to the changes of internal and external environment,Third-Party Market Cooperation has become a new choice for economies in different stages of development,reflecting the trend of cooperation that the development of the world economy will gradually transition from the era of profit to the era of symbiosis.As an entry point for high-quality development of the Belt and Road Initiative,third-party markets ease the geopolitical concerns of developing countries and provide more stability than bilateral cooperation.This paper explains that third-party market cooperation is the evolutionary outcome of international economic and trade cooperation in the same position as international trade and foreign direct investment.Based on the cooperative game model,this cooperation is incorporated into an economic system from the effective allocation of factors,the upgrading of production function to the cultivation and development of market demand,aiming at studying the symbiotic effect and formation mechanism of third-party market cooperation.The data of 34 countries from 2009 to 2021 were used as research samples to construct the empirical test of simultaneous equations.The results show that the welfare effect of third-party market cooperation is mainly through competition effect,opportunity effect and people’s livelihood effect,which makes the interests of the three parties in the economic system feedback each other.Specifically,to enhance the competitive advantage of developed economies through the competitive effect,especially in the trade complementarity with China;And provide a window of opportunity for China and other developing economies in the international cycle;In terms of the effect on people’s livelihood,the effect of increasing the national income of a third-party economy is better than that of enhancing people’s consumer confidence.Based on this,this paper draws the corresponding policy enlightenment,which takes the enhancement of value recognition as the first priority and the reasonable distribution of interests as the guarantee to help the sustainable development of third-party market cooperation.