The spatial agglomeration of trade intermediaries and the development of open economy:Internal mechanism and policy choice
To effectively make the use of endogenous transaction efficiency advantages of trade intermediaries em-bedded in a specific economic space in promoting China's export growth has become an urgent need to promote the current development of China's open economy and build a new system of higher-level open economy.Based on the transaction cost theory,agency theory and resource-based theory,this paper reveals the theoretical basis for the existence and development of trade intermediaries,and further explains the internal mechanism of the spatial agglomeration of trade intermediary to promote the development of open economy.It is concluded that the spatial agglomeration of trade intermediaries can not only reduce the fixed cost of export,but also decrease the variable cost of trade.The spatial proximity of trade intermediaries can enable them to acquire international trade experience and skills,market information and professional knowledge through knowledge spillover.Meanwhile,the spatial agglomeration of trade intermediaries intensifies competition in export markets and creates market cre-ation effects.We should allocate and promote the regional or market-oriented agglomeration of trade intermedi-aries according to local conditions,and comprehensively promote the high-level development of open economy.