Publication: Sophistication in Service Exports and Economic Growth
Date
2011-04
ISSN
Published
2011-04
Author(s)
Abstract
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.
Citation
“Mishra, Saurabh; Lundstrom, Susanna; Anand, Rahul. 2011. Sophistication in Service Exports and Economic Growth. Economic Premise; No. 55. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/76adb53b-37a3-5102-ae5b-9472c1f7f88a License: CC BY 3.0 IGO.”