Title: Services trade and growth

Authors: Bernard Hoekman; Aaditya Mattoo

Addresses: World Bank, USA, 1818 H Street, NW Washington DC 20433, USA; CEPR, 77 Bastwick St., London, EC1V 3PZ, UK. ' World Bank, USA, 1818 H Street NW, Washington DC 20433, USA

Abstract: The competitiveness of firms in open economies is increasingly determined by access to low-cost and high-quality producer services. This paper discusses channels through which openness to trade in services may increase productivity at the level of the economy as a whole, industries and the firm, what can be done to enhance production and export of services and how to design policy reforms to open services markets to greater foreign participation.

Keywords: services trade; economic growth; regulation; trade agreements; liberalisation; competitiveness; open economies; low-cost producer services; high-quality producer services; openness; productivity; enhanced production; exports; policy reforms; open services markets; foreign participation; service sector; global economy; services technology; services management.

DOI: 10.1504/IJSTM.2012.048544

International Journal of Services Technology and Management, 2012 Vol.17 No.2/3/4, pp.232 - 250

Published online: 31 Jul 2014 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article