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Services trade in the United Kingdom and the global economy

Author

Listed:
  • Annabelle Mourougane
  • Sebastian Benz
  • Frédéric Gonzales

Abstract

Services play a more important role in trade and employment in the United Kingdom than in most other OECD countries. The UK services sector is supported by an open and transparent trade regime, policies that support competition and innovation, and regulatory transparency that facilitates the creation of new services businesses and start-ups. That said, certain barriers to services trade remain. This report sheds light on the role of services trade in the UK economy, describing recent trends and highlighting future challenges, and explores policy options to support a sustainable recovery from the COVID-19 crisis.

Suggested Citation

  • Annabelle Mourougane & Sebastian Benz & Frédéric Gonzales, 2021. "Services trade in the United Kingdom and the global economy," OECD Trade Policy Papers 257, OECD Publishing.
    • Handle: RePEc:oec:traaab:257-en
    DOI: 10.1787/b602b468-en
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    More about this item

    Keywords

    COVID-19; Services Trade Restrictiveness Index;

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • F68 - International Economics - - Economic Impacts of Globalization - - - Policy
    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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