Book Description

This is an open access book.The relationship between international trade and economic development is mutual: foreign trade is the driving force of economic growth, and higher export level means that a country has the means to improve its import level. The growth of exports also tends to change the investment fields of the countries concerned. Exports make a country gain the benefits of economies of scale, and competition in the world market will put pressure on a country's export industry, A growing export sector will also encourage domestic and foreign investment. The concept of financial development actually means that the financial structure has changed to a certain extent. This change is not only the change of time, but also the change of internal transaction flow. International trade is known as the driving force of the development of human science and technology, and has created countless employment opportunities worldwide. It is also international trade that has led to the formation of industrial division worldwide. International trade, from its name, can be seen as trade between different countries, and the financial development level of a country will have a direct impact on the trend of international trade, so the purchasing power will be stronger. In this case, more countries are willing to increase import and export trade, which can not only increase their income, but also increase the relationship between countries. The 2nd International Academic Conference on Economics, Smart Finance, and Contemporary Trade (ESFCT 2023) will be held on July 28–30, 2023 in Dali, China. The purpose of ESFCT 2023 is to explore the relationship between economy, smart finance and contemporary trade. Experts and scholars in relevant fields are welcome to participate in ESFCT 2023.