Quantitative And Structural Tendencies In International Services Trade

Corina Grigorovici
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Corina Grigorovici: ”Dimitrie Cantemir” Christian University of Bucharest, Romania

Annals of the University of Petrosani, Economics, 2008, vol. 8, issue 1, 247-252

Abstract: International trade in services has grown, year after year, in importance in the world economy. The trade with services undergoes a more accelerated ascension than the one with goods, but it still holds less than 20% of the global trade partly due to the barriers of entrance on the market. However, the foreign direct investments (FDI) in services are superior to those from the manufactory sector because of the growth of the efforts made by the traders in order to establish some commercial presences on the foreign markets. The liberalization of the international trade with services is likely to generate substantial benefits concerning the prosperity and the economical growth

Keywords: services; trade; global; growth (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pet:annals:v:8:i:1:y:2008:p:247-252

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