U.S. Trade Information-Intensive Services
Apte, Uday M.
Nath, Hiranya K.
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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.
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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