International trade services

Date: 2015-10-07; view: 425.

Theme of the lecture № 9.

Thesis:

Service economy can refer to one or both of two recent economic developments:

- The increased importance of the service sector in industrialized economies. The current list of Fortune 500 companies contains more service companies and fewer manufacturers than in previous decades.

- The relative importance of service in a product offering. The service economy in developing countries is mostly concentrated in financial services, hospitality, retail, health, human services, information technology and education. Products today have a higher service component than in previous decades. In the management literature this is referred to as the servitization of products. Virtually every product today has a service component to it.

The global market for services - an important phenomenon of modern international economic relations, despite the fact that he is still in the stage of active formation, which occurs very rapidly. It is in recent years there is a significant increase in the scale and diversity of the international trade in services: services accounted for over a quarter of total world trade, it reached at the beginning of XXI century, nearly $ 2 trillion. dollars (according to some estimates, about $ 3 trillion.). It is noteworthy that in the foreign trade growth rate of services is about 1.5 times higher than the rate of growth of physical goods.

The services sector is one of the most promising, high-growth industries. It covers a wide field of activities, from trade and transport to the finance, insurance and mediation of various kinds. The process of a fundamental restructuring of the economic system, the transition from a command economy to a market, the most severely affected by the services sector, the social sector.

Literature: 1-36.