Trade in services

Description

The service sector has witnessed a significant increase in cross-border trade and investment flows. This globalisation has been driven by a variety of factors, including advances in information and communication technology, rising income levels and associated increases in the demand for services, opening up and deregulation of many services permitting the entry of domestic and foreign private providers, and demographic imbalances between countries. Globalisation of services has in turn provided countries with new development opportunities and with new avenues for realising economic and welfare gains, but it has also thrown up many challenges and dilemmas for governments and international institutions. This chapter pulls together the body of existing and emerging work on the globalisation of services and its implications for development.

Publication Date

1-4-2017

DOI

10.4337/9781783478651

ISBN

978-1783478644; 978-1783478651

Publisher

Edward Elgar Publishing Ltd.

Keywords

Service sector, Cross-border trade, Investment flows, Globalisation of services

Source Link URL

https://doi.org/10.4337/9781783478651

discipline

Social and Behavioral Sciences; Economics; International Economics; Social and Behavioral Sciences; Public Affairs, Public Policy and Public Administration; Policy Design, Analysis, and Evaluation

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