Export trade structure transformation and countermeasures in the context of reverse globalization.
With the development of economic globalization, the problem of unequal distribution of globalization dividends among and within countries has become increasingly serious, and reverse globalization has a great impact on the national economy and export trade. This paper uses the KOF Globalization Inde...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Public Library of Science (PLoS)
2022-01-01
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| Series: | PLoS ONE |
| Online Access: | https://doi.org/10.1371/journal.pone.0270390 |
| _version_ | 1811217407692242944 |
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| author | Xueyan Wang Weidong Meng Chunyang Wang Bo Huang Yuyu Li |
| author_facet | Xueyan Wang Weidong Meng Chunyang Wang Bo Huang Yuyu Li |
| author_sort | Xueyan Wang |
| collection | DOAJ |
| description | With the development of economic globalization, the problem of unequal distribution of globalization dividends among and within countries has become increasingly serious, and reverse globalization has a great impact on the national economy and export trade. This paper uses the KOF Globalization Index and the world input-output tables in World Input-Output Database (WIOD), and empirically studies the transformation of a country's export trade and export structure in the context of reverse globalization from the perspectives of world, country, industry, subdivided manufacturing and service industry. The results show that reverse globalization has a significant non-linear negative effect on economic development and export trade. Compared with developed and European Union (EU) countries, the exports of developing and non-EU countries are more affected by reverse globalization shocks. Reverse globalization has the greatest inhibition on the secondary industry exports, followed by the tertiary industry. The suppressive effects on the exports of 12 subdivided manufacturing and 14 subdivided service in China are significantly greater than that of the United States, but most of sub-industry exports in the United States are more sensitive. Besides, China's exports of high-product-complexity industry such as metal products, medicinal chemicals, electrical and optical products and mechanical equipments are greatly affected by reverse globalization, while the exports of water transportation, construction, land transportation are relatively less restrained. |
| first_indexed | 2024-04-12T06:54:36Z |
| format | Article |
| id | doaj.art-329b9371785547a8a24104fee999efc5 |
| institution | Directory Open Access Journal |
| issn | 1932-6203 |
| language | English |
| last_indexed | 2024-04-12T06:54:36Z |
| publishDate | 2022-01-01 |
| publisher | Public Library of Science (PLoS) |
| record_format | Article |
| series | PLoS ONE |
| spelling | doaj.art-329b9371785547a8a24104fee999efc52022-12-22T03:43:12ZengPublic Library of Science (PLoS)PLoS ONE1932-62032022-01-01176e027039010.1371/journal.pone.0270390Export trade structure transformation and countermeasures in the context of reverse globalization.Xueyan WangWeidong MengChunyang WangBo HuangYuyu LiWith the development of economic globalization, the problem of unequal distribution of globalization dividends among and within countries has become increasingly serious, and reverse globalization has a great impact on the national economy and export trade. This paper uses the KOF Globalization Index and the world input-output tables in World Input-Output Database (WIOD), and empirically studies the transformation of a country's export trade and export structure in the context of reverse globalization from the perspectives of world, country, industry, subdivided manufacturing and service industry. The results show that reverse globalization has a significant non-linear negative effect on economic development and export trade. Compared with developed and European Union (EU) countries, the exports of developing and non-EU countries are more affected by reverse globalization shocks. Reverse globalization has the greatest inhibition on the secondary industry exports, followed by the tertiary industry. The suppressive effects on the exports of 12 subdivided manufacturing and 14 subdivided service in China are significantly greater than that of the United States, but most of sub-industry exports in the United States are more sensitive. Besides, China's exports of high-product-complexity industry such as metal products, medicinal chemicals, electrical and optical products and mechanical equipments are greatly affected by reverse globalization, while the exports of water transportation, construction, land transportation are relatively less restrained.https://doi.org/10.1371/journal.pone.0270390 |
| spellingShingle | Xueyan Wang Weidong Meng Chunyang Wang Bo Huang Yuyu Li Export trade structure transformation and countermeasures in the context of reverse globalization. PLoS ONE |
| title | Export trade structure transformation and countermeasures in the context of reverse globalization. |
| title_full | Export trade structure transformation and countermeasures in the context of reverse globalization. |
| title_fullStr | Export trade structure transformation and countermeasures in the context of reverse globalization. |
| title_full_unstemmed | Export trade structure transformation and countermeasures in the context of reverse globalization. |
| title_short | Export trade structure transformation and countermeasures in the context of reverse globalization. |
| title_sort | export trade structure transformation and countermeasures in the context of reverse globalization |
| url | https://doi.org/10.1371/journal.pone.0270390 |
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