A Study on the Latest Development of World Trade

There have been three apparent characteristics in the development of world trade since 1990s,i.e., faster trade growth that production growth, new forms of trade protection emerging while trade liberalization policy is adopted widely, and the strengthening of multi - lateral economic coordination mechanism and the development of regional trade liberalization arrangements. This paper starts on this ground and discusses intrinsic incentives and external advantages for the development of modern world trade, summarizes the new characteristics of trade development, illustrates the root causes for the conflicts in trade liberalization, and finally proposes some relevant policy options.