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Trade in services: East Asian and Latin American experiences
August 16, 2012 Editor 0
This paper investigates the trend and characteristics of trade in services in two fertile regions where different forms of trade integration have taken place: East Asia and Latin America. To that end, the World Bank data are utilised to categorise services trade in order to put on view the national and regional positions on dynamic sectors, and to compare East Asia and Latin America in terms of revealed comparative advantages, the weight of service activities in the regional economic activity, the share of services employment. The paper deals also with the issue of internationalisation of services through FDI. Overall, it shows the increasing importance of East Asia as a trading region while the share of North and Latin America is low and declining over time.
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