U.S. Trade Information-Intensive Services
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.
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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Apte, Uday; Karmarkar, Uday; Kieliszewski, Cheryl; Leung, Ying Tat (IBM, 2011-11-03);It is well known that Information-Intensive Services (IIS), such as financial services, information technology services, healthcare, telecommunications and broadcasting, and education have shown some of the highest growth ...