Mishra, SaurabhGable, Susanna Lundstrom2012-03-192012-03-192011-09-01https://hdl.handle.net/10986/3557Technology has changed the nature of service activities and made them more productive, tradable and fragmented in the global supply chain. Has Europe's growth been benefiting from the ongoing globalization of services? Services dominate growth in EU-15 countries and, to a lesser extent, in New Member States (NMS) and Accession (ACC) countries. Except in the ACC region, Europe has maintained specialization in service exports. Service productivity, tradability, and exports of modern services are high in EU-15, growing fast in NMS while at a lower pace in ACC. Service export sophistication is important for growth across the region, but especially in NMS.CC BY 3.0 IGOAGRICULTUREASSETSCAPITAL MARKETSCOMMODITYCOMPARATIVE ADVANTAGECOMPARATIVE ADVANTAGESCOMPETITIVENESSDESCRIPTIONDEVELOPMENT POLICYECONOMIC DEVELOPMENTECONOMIC GROWTHECONOMIC INTEGRATIONECONOMIC PERFORMANCEEXPORTSFINANCIAL SERVICESGDPGDP PER CAPITAGROWTH POTENTIALHUMAN CAPITALIMPORT BARRIERSINCOMEINCOME LEVELSINHERITANCEINSURANCEINTANGIBLE ASSETSINTERNATIONAL TRADEM2MEDIAMONOPOLIESPER CAPITA INCOMEPRODUCTIVITYPRODUCTIVITY GROWTHPUBLIC POLICYRULE OF LAWTARIFF BARRIERSTRANSITION ECONOMIESTRANSPORTVALUE ADDEDWORK FORCEWorld Bank10.1596/1813-9450-5793