Globalization in Services: From Measurement to Analysis

This paper provides new estimates of international trade in services for mode 3 (foreign affiliates' sales in a host country) for four major OECD countries, thanks to the harmonisation of FATS statistics with conventional international trade ones (trade recorded in the balances of payments - mo...

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Bibliographic Details
Published in:Policy File 2007
Main Authors: Bensidoun, Isabelle, Unal-Kesenci, Deniz
Format: Report
Language:English
Subjects:
Centre d'Etudes Prospectives et d'Informations Internationales
Economic policy
Globalization
International trade
Online Access:Request full text
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Summary:This paper provides new estimates of international trade in services for mode 3 (foreign affiliates' sales in a host country) for four major OECD countries, thanks to the harmonisation of FATS statistics with conventional international trade ones (trade recorded in the balances of payments - modes 1 and 2), using the CEPII's exhaustive CHELEM-BAL database. The results show that sales by foreign affiliates abroad account for the bulk of international trade in services. Technological changes are speeding up the globalisation of the tertiary sector. These new areas of trade are still dominated by the Northern countries, whose service surpluses offset some of their declining competitiveness in manufacturing markets.