LEADER 04591nam 2200637 a 450 001 9910974323303321 005 20251117091416.0 010 $a1-283-32164-5 010 $a9786613321640 010 $a0-88132-604-6 035 $a(CKB)2550000000053762 035 $a(OCoLC)757082134 035 $a(CaPaEBR)ebrary10500342 035 $a(SSID)ssj0000554803 035 $a(PQKBManifestationID)12224741 035 $a(PQKBTitleCode)TC0000554803 035 $a(PQKBWorkID)10517427 035 $a(PQKB)10859003 035 $a(MiAaPQ)EBC3385679 035 $a(Au-PeEL)EBL3385679 035 $a(CaPaEBR)ebr10500342 035 $a(CaONFJC)MIL332164 035 $a(OCoLC)923328342 035 $a(BIP)46430700 035 $a(BIP)32593419 035 $a(EXLCZ)992550000000053762 100 $a20110707d2011 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aGlobal trade in services $efear, facts, and offshoring /$fJ. Bradford Jensen 205 $a1st ed. 210 $aWashington, D.C. $cPeterson Institute for International Economics$d2011 215 $a1 online resource (266 p.) 300 $aBibliographic Level Mode of Issuance: Monograph 311 08$a0-88132-601-1 320 $aIncludes bibliographical references and index. 327 $aSome basic facts about the service sector and service trade -- A new approach to identifying tradable services -- Characteristics of workers in tradable service industries -- Comparative advantage : lessons from manufacturing -- Comparative advantage : prospects for the service sector -- Impediments to trade in services -- Labor market impact of increased service trade -- Tradable services across US regions : opportunities and vulnerabilities. 330 $aThe service sector is large and growing. Additionally, international trade in services is growing rapidly. Yet there is a dearth of empirical research on the size, scope and potential impact of services trade. The underlying source of this gap is well-known-official statistics on the service sector in general, and trade in services in particular, lack the level of detail available for the manufacturing sector in many dimensions.Because services are such a large and important component of the US economy, understanding the implications of increased trade in services is crucial to the trade liberalization agenda going forward. In this path-breaking book, J. Bradford Jensen conducts primary research using a range of data sources to produce the most detailed and robust portrait available on the size, scope, and potential impact of trade in services on the US economy. Jensen presents new evidence on the prevalence of service firm participation in international trade. He finds that, in spite of US comparative advantage in service activities, service firms' export participation lags manufacturing firms. Jensen evaluates the impediments to services trade and finds evidence that there is considerable room for liberalization-especially among the large, fast-growing developing economies.The policy recommendations coming out of this path-breaking study are quite clear. The United States should not fear trade in services. It should be pushing aggressively for services trade liberalization. Because other advanced economies have similar comparative advantage in service, the United States should make common cause with the European Union and other advanced economies to encourage the large, fast-growing developing economies to liberalize their service sectors through multilateral negotiations in the General Agreement on Trade in Services and the Government Procurement Agreement. Jensen notes that the coming global infrastructure building boom is of historic proportions and provides an enormous opportunity for US service firms if the proper policies are in place. Increased trade in services might help rebalance the global economy, and both developed and developing economies would benefit from the productivity-enhancing reallocation brought by increased trade in services. 606 $aService industries 606 $aService industries$zUnited States 606 $aInternational trade 615 0$aService industries. 615 0$aService industries 615 0$aInternational trade. 676 $a382./45000973 700 $aJensen$b J. Bradford$01133064 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910974323303321 996 $aGlobal trade in services$94468320 997 $aUNINA