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Economic Law Perspectives on Industrial Clusters and Export Trade Structure Optimization in Liaoning

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DOI: 10.23977/law.2024.030811 | Downloads: 13 | Views: 255

Author(s)

Jiaqi Bi 1, Xiaonan Jia 1

Affiliation(s)

1 Liaoning University of International Business and Economics, Dalian, Liaoning, China

Corresponding Author

Jiaqi Bi

ABSTRACT

This paper explores the role of economic law in optimizing industrial clusters and export trade structures in Liaoning Province, China. Liaoning, historically known for its heavy industries, faces challenges in upgrading its industrial base and diversifying its export portfolio. The study highlights the significance of economic law in shaping industrial policies, promoting innovation, and enhancing market regulation to foster sustainable economic growth. By examining the current state of Liaoning's industrial clusters and export trade structure, this paper identifies key issues such as product homogeneity, low added value, and over-reliance on specific markets. It then discusses the potential of economic law to address these challenges through financial incentives, intellectual property protections, and international trade policies. Case studies from Germany and Southeast Asia illustrate how legal frameworks have successfully optimized industrial and trade structures in other regions. The paper concludes by proposing strategies for Liaoning to further improve its economic legal environment, emphasizing the importance of fostering high-tech industries, innovation, and diversification in its export markets.

KEYWORDS

Economic Law; Industrial Clusters; Export Trade Structure; Legal Frameworks; International Experiences

CITE THIS PAPER

Jiaqi Bi, Xiaonan Jia. Economic Law Perspectives on Industrial Clusters and Export Trade Structure Optimization in Liaoning. Science of Law Journal (2024) Vol. 3: 77-83. DOI: http://dx.doi.org/DOI: 10.23977/law.2024.030811.

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