Research On Trade Competitiveness Of Capital And Technology-Intensive Products Between China,Japan And South Korea

China,Japan and South Korea are export-oriented economies and have a continuous relationship in industrial transfer,after the 1960s,South Korea accepted industrial transfer from Japan and achieved the "Han-jiang Miracle",after the 1980s,China accepted industrial transfer from Japan and South and achieved more than 30 years of rapid development.After the financial crisis,in the new situation of world economic development,China,Japan and South Korea are hoping to occupy a more favorable position in the international division of labor system in order to maintain the advantages of trade competitiveness.Capital and technology-intensive products are a kind of products with low substitutability,high technology content and high added value,which are a key part of the international division of labor system,China,Japan and South Korea must have a strong competitive advantage in the capital and technology-intensive products trade if they want to occupy a favorable position in the international division of labor system.China,Japan and South Korea are capital and technology-intensive products trade power.At the end of 2014,the trade volume of capital and technology-intensive products accounted for about 50%of the total trade volume of China,Japan and South Korea,which has a very important impact on China,Japan and South Korea's trade development.China put forward that under the new normal,industrial structure needs transformation and upgrading clearly,and the trade structure needs to be transformed from labor-intensive products to capital and technology-intensive products.In 2016,Japan's export declined for five consecutive months,,the international market share of capital and technology-intensive products was nibbled by China.South Korea's export declined in 2015 and 2016 continuously,one reason is labor costs rising,another important reason is China's industrial upgrading,in high-tech products trade,South Korea is facing more and more competition from China,increasingly fierce competition can be expected in the near future.The purpose of this paper is to link trade competitiveness and the international division of labor and explore the dynamic change of trade competitiveness of China,Japan and Korea is in capital and technology-intensive products.And through the analysis of influencing factors to find out the factors that affect the trade competitiveness of capital and technology-intensive products in China,Japan and South Korea and conduct commonality and characteristic Analysis.Finally,put forward some reasonable policy suggestions to improve the competitiveness of China's capital and technology-intensive products.In order to achieve this goal,this paper first defines the concept of trade competitiveness of capital and technology-intensive products,and then describe China,Japan and South Korea capital and technology-intensive products trade status from trade scale and trade structure.Then through the establishment of competitiveness index system,mainly including growth rate,net export,foreign trade dependence,trade competitiveness index,international market share,RCA index and CA index,make a comparative analysis of the competitiveness of China,Japan and South Korea in capital and technology-intensive products trade.Next explore the influencing factors of the competitiveness of capital and technology-intensive products in China,Japan and Korea through the measurement model.Finally,puts forward some policy suggestions to enhance the competitiveness of China's capital and technology-intensive products trade.The study find that although China has already exceeded Japan and South Korea in total trade volume and international market share,it still falls behind in terms of trade competitiveness index,RCA index and CA index,which indicates that in the capital and technology-intensive products trade,the"flying geese model" still maintains.In terms of influencing factors,the study find that global output,real effective exchange rate,industrial structure,number of patents,R&D investment have a positive correlation with the export of capital and technology-intensive products,openness and capital and technology-intensive products shows an inverted "U" type relationship,exchange rate,R&D investment and openness have a more important influence on China,exchange rate and industrial structure have a more important influence on Japan,and important influence on South Korea is number of patents and R&D investment.