The Increasing Importance of Developing Countries in Trade in Services
Services play a broad and strategic role in the economy. The new focus in services arises because they have become increasingly tradable, allowing for the emergence of new and improved export activities. Trade in services, particularly business ser...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2010/06/12778868/increasing-importance-developing-countries-trade-services http://hdl.handle.net/10986/11084 |
| Summary: | Services play a broad and strategic role
in the economy. The new focus in services arises because
they have become increasingly tradable, allowing for the
emergence of new and improved export activities. Trade in
services, particularly business services, has become a
dynamic component of trade and an alternative for export
diversification for many developing countries. Besides
traditional activities (such as tourism), health,
information technology, and communication services are among
the most successful service exports. Developing countries
seem to follow different policy approaches to trade in
services, and diverse trade patterns appear to emerge. What
determines the participation of a developing country in
trade in services? And what is the role of international negotiations? |
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