Game Analysis on Trade Strategy of International Trade

Luying Hao, Xiujun Ji

Abstract


With the development of global economic integration, trade liberalization has been a mainstream in world economy development nowadays. Value of international trade has been increased with a remarkably high ratio in successive years. However, when the international trade increases rapidly, meanwhile, various countries would adopt a series of measures to protect development and stabilization of their own economy. Thus, there exists a duality of trade liberalization and trade protectionism in international trade. At the same time of boosting trade liberalization, adopting suitable trade protection policies becomes the only road to the protection of international trade. How to balance these two becomes the point of discussion.


Keywords


International trade; Trade liberalization; Trade protection; Game analysis

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