Sophistication in Service Exports and Economic Growth

Saurabh Mishra (), Susanna Lundstrom () and Rahul Anand
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Saurabh Mishra: World Bank
Susanna Lundstrom: World Bank
Rahul Anand: International Monetary Fund

World Bank - Economic Premise, 2011, issue 55, 1-4

Abstract: Services 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.

Keywords: Exports; service exports; outsourcing; trade; growth; india; trade barriers; unbundled; supply chain; sophistication; developing countires (search for similar items in EconPapers)
JEL-codes: F1 F14 F15 O1 O14 (search for similar items in EconPapers)
Date: 2011
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

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