U.S. Trade Information-Intensive Services
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Authors
Apte, Uday
Nath, Hiranya K.
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Date of Issue
2012
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Abstract
Trade in services has increased significantly and the United States has been a leader
in services trade. The U.S. not only accounts for the largest share of world trade in
private services but also runs a substantial amount of surplus in services trade. One
important trend has been the rapid growth of U.S. trade in information-intensive
services. This chapter examines the growth and patterns in U.S. exports and
imports of various information-intensive services. The empirical analysis indicates
that trade in business, professional, and technical services; financial services; and
insurance has experienced the most rapid growth in recent times. This chapter
further discusses some of the intuitively plausible explanations for the growth of
trade in information-intensive services.
Type
Book Chapter
Description
Chapter 6 of The UCLA Anderson Business and Information Technologies (BIT) Project: A Global Study of Business Practice, Singapore: World Scientific Books, (2012).
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Citation
“U.S. Trade in Information-Intensive Services” (with Uday M. Apte) In U.S. Karmarkar and V. Mangal (eds): The UCLA Anderson Business and Information Technologies (BIT) Project: A Global Study of Business Practice, Singapore: World Scientific Books, (2012).