Agric. Econ. - Czech, 2007, 53(2):55-64 | DOI: 10.17221/1229-AGRICECON
World trade with services in globalisation processes
- University of Economy, Prague, Czech Republic
Abstract: Services become an important participant of the international economic relationships during the last 20 to 30 years. Since the sector of services used formerly to be applied rather more on the national level, we speak of the internalisation of services, which become an important article of international trade. Compared to the dynamics of world trade with tangible goods, services reach higher year-to year increases and their share in the world trade turnover still increases. The explanation lies in the growing importance of services connected to the level of the economy development and in the foreign trade with services liberalisation. The value of the services export on the world level reached approx.1.5 trill. USD in 2000. The value of the world export of tangible goods was 5.5 trill. USD in the same year, so that export of services covered approximately one fifth of the total world tangible and non-tangible goods. The share of services in the world export (tangible and non-tangible) grew continually.
Keywords: world trade with services, classification of services, services in foreign trade, structure of the trade with services
Published: February 28, 2007 Show citation
References
- Jeníček V. (2005): Development Economics. CUA Prague.
- Jeníček V. (2006): International Trade and Developing Countries. CUA Prague.
- Richardson M. (2000): Globalisation and International Trade Liberalisation: Continuity and Changes. Chelenham, Eldgar.
This is an open access article distributed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International (CC BY NC 4.0), which permits non-comercial use, distribution, and reproduction in any medium, provided the original publication is properly cited. No use, distribution or reproduction is permitted which does not comply with these terms.