Services Trade and Global Value Chains
Services play a role in global value chains in many ways, similar to goods. But services deserve special attention because of how they are transacted, how they affect downstream sectors, how they are regulated, and how international cooperation can...
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World Bank, Washington, DC
2017
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| Online Access: | http://documents.worldbank.org/curated/en/627361498584454928/Services-trade-and-global-value-chains http://hdl.handle.net/10986/27629 |
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okr-10986-276292021-06-08T14:42:47Z Services Trade and Global Value Chains Heuser, Cecilia Mattoo, Aaditya SERVICES TRADE GLOBAL VALUE CHAIN FOREIGN DIRECT INVESTMENT TRANSPORT SERVICES REGULATORY COOPERATION TRADE LIBERALIZATION Services play a role in global value chains in many ways, similar to goods. But services deserve special attention because of how they are transacted, how they affect downstream sectors, how they are regulated, and how international cooperation can contribute to integrating national markets. Databases on trade in value added, which cover only cross-border transactions in services, reveal a high and growing share of services in trade in value added across countries and industries. Although international transactions in services that take place through foreign investment are difficult to measure, their economic impact can be estimated. The resulting improved access to financial, communications, and transport services facilitates the emergence of global value chains, enhances downstream manufacturing firms’ productivity, and shifts the pattern of comparative advantage toward sectors intensive in these services. Despite significant unilateral liberalization, service markets in many countries remain protected by restrictions on the entry of foreign services and service providers, as well as discretionary and discriminatory regulatory requirements. International cooperation in services has attempted to follow the example of reciprocal market opening for goods, but this approach has delivered little incremental liberalization. More could be achieved through greater emphasis on international regulatory cooperation. 2017-07-18T22:58:30Z 2017-07-18T22:58:30Z 2017-06 Working Paper http://documents.worldbank.org/curated/en/627361498584454928/Services-trade-and-global-value-chains http://hdl.handle.net/10986/27629 English en_US Policy Research Working Paper;No. 8126 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
SERVICES TRADE GLOBAL VALUE CHAIN FOREIGN DIRECT INVESTMENT TRANSPORT SERVICES REGULATORY COOPERATION TRADE LIBERALIZATION |
| spellingShingle |
SERVICES TRADE GLOBAL VALUE CHAIN FOREIGN DIRECT INVESTMENT TRANSPORT SERVICES REGULATORY COOPERATION TRADE LIBERALIZATION Heuser, Cecilia Mattoo, Aaditya Services Trade and Global Value Chains |
| relation |
Policy Research Working Paper;No. 8126 |
| description |
Services play a role in global value
chains in many ways, similar to goods. But services deserve
special attention because of how they are transacted, how
they affect downstream sectors, how they are regulated, and
how international cooperation can contribute to integrating
national markets. Databases on trade in value added, which
cover only cross-border transactions in services, reveal a
high and growing share of services in trade in value added
across countries and industries. Although international
transactions in services that take place through foreign
investment are difficult to measure, their economic impact
can be estimated. The resulting improved access to
financial, communications, and transport services
facilitates the emergence of global value chains, enhances
downstream manufacturing firms’ productivity, and shifts the
pattern of comparative advantage toward sectors intensive in
these services. Despite significant unilateral
liberalization, service markets in many countries remain
protected by restrictions on the entry of foreign services
and service providers, as well as discretionary and
discriminatory regulatory requirements. International
cooperation in services has attempted to follow the example
of reciprocal market opening for goods, but this approach
has delivered little incremental liberalization. More could
be achieved through greater emphasis on international
regulatory cooperation. |
| format |
Working Paper |
| author |
Heuser, Cecilia Mattoo, Aaditya |
| author_facet |
Heuser, Cecilia Mattoo, Aaditya |
| author_sort |
Heuser, Cecilia |
| title |
Services Trade and Global Value Chains |
| title_short |
Services Trade and Global Value Chains |
| title_full |
Services Trade and Global Value Chains |
| title_fullStr |
Services Trade and Global Value Chains |
| title_full_unstemmed |
Services Trade and Global Value Chains |
| title_sort |
services trade and global value chains |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/627361498584454928/Services-trade-and-global-value-chains http://hdl.handle.net/10986/27629 |
| _version_ |
1764465591474716672 |