Author(s)

Shurui Gu ¹, Ping Liao ¹, Xia Li ¹

Affiliation(s)

¹ School of Business, Guangzhou College of Technology and Business, Guangzhou, Guangdong, 510800, China

Corresponding Author

Ping Liao

ABSTRACT

With globalization and the rapid development of information technology, international trade is undergoing an unprecedented transformation. This paper investigates through simulation experiments how digital transformation can enhance trade efficiency, increase transparency, reduce environmental impacts, and improve the accuracy of market forecasts. The experimental results show that under the digital trade model, the transaction time is reduced from an average of 10.78 days to 6.82 days, and the transaction cost is also reduced from US$1,022.47 to US$808.38. In addition, the enhancement of transparency and security was significant, the number of disputes and fraud incidents decreased significantly, and the accuracy of market forecasting under the digitized trade model increased from 69.5% to 87.5%. These data prove that digital technology can effectively contribute to the sustainable development of international trade, providing valuable insights and recommendations for policymakers and the industry.

KEYWORDS

International Trade, Digital Transformation, Sustainable Development, Trade Efficiency

CITE THIS PAPER

Shurui Gu, Ping Liao, Xia Li, The Role and Strategies of Digital Transformation in Promoting Sustainable Development of International Trade. Information Systems and Economics (2024) Vol. 5: 18-26. DOI: http://dx.doi.org/10.23977/infse.2024.050403.

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