Internet Technology in Legal Economics and Policy: Strategic Enterprise Innovations in the US-China Trade Relationship

Abstract

The digital transformation has revolutionized global trade dynamics, presenting both opportunities and challenges for businesses worldwide. The US-China trade relationship and the experiences of small businesses in Beijing, China, represent a critical focal point for understanding the implications of Internet technology on international trade strategies, diplomatic policies, and small business development. This study aims to investigate the intersection of internet technology, legal economics, and policy in the context of the US-China trade relationship and its implications for small businesses in Beijing. Specifically, it seeks to examine how Internet technology shapes international strategies between the US and China, the key diplomatic policies influenced by digital innovation, the regulatory landscape of Internet technology in trade, and the role of Internet technologies in empowering small businesses in Beijing. The research adopts a qualitative approach, utilizing semi-structured interviews with policymakers, business leaders, legal experts, and small business owners in Beijing. A total of 27 interviews were conducted, with data analysis following a three-step thematic analysis process. The findings reveal the significant impact of Internet technology on international trade strategies, diplomatic policies, and small business operations. Internet technology plays a pivotal role in reshaping global trade dynamics, driving innovation, and fostering economic growth. Moreover, the study highlights the challenges and opportunities facing small businesses in Beijing in leveraging Internet technology for competitiveness and growth. This study contributes to filling gaps in the existing literature by providing insights into the complex interplay between Internet technology, legal economics, and policy in the context of the US-China trade relationship and small business development. The findings offer valuable implications for policymakers, businesses, academics, and other stakeholders seeking to navigate the complexities of the digital economy and foster sustainable economic growth and development.