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The Globalization of Services: What Has Happened? What are the Implications?


  • Gary Clyde Hufbauer

    () (Peterson Institute for International Economics)

  • Tony Warren

    (Australian National University)


Globalization has affected all facets of the world economy. This includes services, which in most economies are the single largest contributor to economic growth and employment. However, despite its importance to national output, the impact of globalization on services is only recently receiving the attention of researchers and policy-makers.

Suggested Citation

  • Gary Clyde Hufbauer & Tony Warren, 1999. "The Globalization of Services: What Has Happened? What are the Implications?," Working Paper Series WP99-12, Peterson Institute for International Economics.
  • Handle: RePEc:iie:wpaper:wp99-12

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    References listed on IDEAS

    1. Kaminsky, Graciela L. & Reinhart, Carmen M., 2000. "On crises, contagion, and confusion," Journal of International Economics, Elsevier, vol. 51(1), pages 145-168, June.
    2. Joseph F. Francois & Lutger Schuknecht, 1999. "Trade in Financial Services: Procompetitive Effects and Growth Performance," Tinbergen Institute Discussion Papers 99-028/2, Tinbergen Institute.
    3. Hyman P. Minsky, 1992. "The Financial Instability Hypothesis," Economics Working Paper Archive wp_74, Levy Economics Institute.
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    Cited by:

    1. Kyoji Fukao & Keiko Ito, 2003. "Foreign Direct Investment and Services Trade: The Case of Japan," NBER Chapters,in: Trade in Services in the Asia Pacific Region, NBER East Asia Seminar on Economics (EASE), Volume 11, pages 429-480 National Bureau of Economic Research, Inc.
    2. Carlos Díaz de la Guardia & José Molero Zayas & Patricia Valadez, 2005. "International Competitiveness in Services in Some European Countries: Basic Facts and a Preliminary Attempt of Interpretation," Working Papers del Instituto Complutense de Estudios Internacionales 0501, Universidad Complutense de Madrid, Instituto Complutense de Estudios Internacionales.
    3. Galbreath, Jeremy & Galvin, Peter, 2008. "Firm factors, industry structure and performance variation: New empirical evidence to a classic debate," Journal of Business Research, Elsevier, vol. 61(2), pages 109-117, February.
    4. repec:ucm:wpaper:01-05 is not listed on IDEAS

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