Business, Management and Accounting
8 years ago

Guangdong processing trade shifts from comparative to competitive advantage for global growth.

Journal of Jiaying University
The Strategies of Guangdong Processing Trade from Comparative Advantage to Competitive Advantage
Ling Peng

Paper Summary

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Processing trade in Guangdong is crucial for its economic growth. Due to global financial crises, the labor advantage in this trade is no longer sufficient for economic progress. To enhance international competitiveness, Guangdong must improve product quality, increase technical sophistication, expand industry chains, and optimize industry structure.