Sophistication in Service Exports and Economic Growth
AbstractServices 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 export sophistication.
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Bibliographic InfoArticle provided by The World Bank in its journal Economic Premise.
Volume (Year): (2011)
Issue (Month): 55 (April)
Exports; service exports; outsourcing; trade; growth; india; trade barriers; unbundled; supply chain; sophistication; developing countires;
Other versions of this item:
- Saurabh Mishra & Susanna Lundstrom & Rahul Anand, 2011. "Sophistication in Service Exports and Economic Growth," World Bank Other Operational Studies 10098, The World Bank.
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- F1 - International Economics - - Trade
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- F15 - International Economics - - Trade - - - Economic Integration
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- Mishra, Saurabh & Lundstrom, Susanna & Anand, Rahul, 2011. "Service export sophistication and economic growth," Policy Research Working Paper Series 5606, The World Bank.
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