Digital Trade: Definition, Measurement and Development

Abstract

As a result of economic globalization and advancements in digital technology, digital trade is rapidly developing. To begin, this paper examines several perspectives on the definition of digital trade. The paper then goes through the characteristics of digital trade development from four different perspectives: the input of production factors, improvement of production scale, consumer products supply, and trading platform upgrade. This paper also demonstrates the digital trade measuring approach and examines the issues with the measurement method. Despite the fact that the development of digital trade will face challenges such as impediments to digital trade, it is an essential study topic due to the enormous advantages it may provide. Finally, we summarize and prospect the digital trade.