Sophistication in Service Exports and Economic Growth
Services can now be stored and traded digitally, and they are not subject to many of the trade barriers that physical exports have to overcome. Services are no longer exclusively an input for trade in goods, but have become a 'final export...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2011/04/14088198/sophistication-service-exports-economic-growth http://hdl.handle.net/10986/10098 |
| Summary: | Services can now be stored and traded
digitally, and they are not subject to many of the trade
barriers that physical exports have to overcome. Services
are no longer exclusively an input for trade in goods, but
have become a 'final export' for direct
consumption. It is important to note that services not only
have become more tradable, but also can be increasingly
unbundled: a single service activity in the global supply
chain can now be fragmented and done separately at different
geographic locations. This has led to a new channel of
growth-what we call service exports sophistication. |
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