Services Exports and the States: Measuring the Potential
Individual states have long promoted goods exports to help their businesses and improve their economies. The promotion of services exports remains relatively unexplored, however, despite its considerable potential. The United States routinely runs a surplus in services trade, which in 2002 constituted more than one-fifth of all U.S. trade. Services trade is now part of international trade agreements, and the United States is negotiating for increased market access worldwide. One barrier to promoting services exports at the state level has been the difficulty of measuring them. This article discusses the potential of services exports for the states, reviews efforts to measure them at that level, and introduces a new method for estimating them. It also cites several examples of programs to promote services exports and makes recommendations regarding the elements successful programs should contain.
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|Date of creation:||Feb 2004|
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