scholarly journals SERVICES' MODES OF SUPPLY: THEORETICAL ASPECTS AND IMPLEMENTATION SPECIFICS IN THE INCONSISTENT PRESENT

2021 ◽  
Vol 71 (2) ◽  
Author(s):  
Vasyl Pavliuk ◽  
Volodymyr Mulenko
Keyword(s):  
International Trade ◽  
Service Sector ◽  
Modern World ◽  
Trade In Services ◽  
Services Trade ◽  
Cross Border ◽  
Study Results ◽  
Commercial Presence ◽  
The Cross ◽  
The Impact

The significant role of services in modern world trade, international migration of labor and capital, science and technology, information space, creates the need to research services' modes of supply and the impact of the pandemic on the specifics of these modes’ usage. The article is focused on the refinement and improvement of existing services' modes of supply and theoretical aspects of the international trade in services operations; identification of future trends in the service sector and the use of existing supply models. Four trade in services modes of supply depending on the need to move the supplier or consumer are distinguished: cross-border supply, consumption abroad, commercial presence and presence of natural persons. It was found that the existence of trade in services modes of supply is due to the specifics of international trade in services, such as the need for direct contact between supplier and consumer, greater protection by the state compared to trade in goods, impossibility of some services types selling in international markets, regulation by domestic legislation of individual countries etc. Identification of a fifth trade in services mode of supply in which the consumer and supplier move to a third country to trade in services is proposed. It is established that creating of a commercial presence is the most used model. The future growth of services’ trade in the cross-border regime is substantiated as a consequence of the necessity to operate service enterprises during the pandemic and in the post-quarantine period. The increase of tourism services sales in the cross-border mode of supply due to the active introduction of virtual reality technologies and the development of virtual tourism is forecasted. The transition of construction services to cross-border supply due to active development of modular construction and use of the latest technologies such as 3D printers and artificial intelligence is predicted. However, it is emphasized that it is impossible to completely exclude the physical movement of the supplier or consumer in the provision of certain types of services, even with the advancement of technology. The presented study results can be used as a basis for further research into models of trade in services and development of effective services trade policies during quarantine and post-quarantine period.

Digital Services in International Trade Law

2021 ◽  
Author(s):  
Ines Willemyns
Keyword(s):  
International Trade ◽  
Case Studies ◽  
Legal Framework ◽  
Trade In Services ◽  
Services Trade ◽  
Trade Law ◽  
International Trade Law ◽  
Digital Services ◽  
International Obligations ◽  
The Impact

Digitisation has significantly impacted international trade. This book explains the impact of digitisation on trade in services, the ensuing concept of 'digital services' and the different types of trade barriers these services face. This book establishes that the legal framework that applies to trade in services also applies to digital services. It elaborates on the scope of the General Agreement on Trade in Services (GATS) and how to classify digital services. The relevant GATS obligations are subsequently applied to several case studies that illustrate the barriers to digital services trade. These case studies demonstrate the impact of the applicability of GATS to digital services on countries' international obligations. Finally, the book maps the electronic commerce-related provisions in in regional trade agreements (RTAs). Six extensive e-commerce RTAs are compared in depth and it is considered whether they add substantially to the existing multilateral obligations applicable to digital services trade.

DEVELOPMENT OF THE WORLD MARKET OF SERVICES IN TURBULENCE CONDITIONS AND CHANGES

2017 ◽  
Author(s):  
Larysa Nosach ◽  
◽  
Victoria Morgun ◽  
Keyword(s):  
Economic Development ◽  
International Trade ◽  
Service Sector ◽  
World Market ◽  
Global Dimension ◽  
Trade In Services ◽  
Current State ◽  
The World

The author's research of the current state and features of the development of the world market for services in conditions of turbulence of world processes was carried; the world leaders of the service sector in the global dimension and leaders of the most dynamic articles of service categories were identified; the share of world exports of services by countries by the level of their economic development was justified; weaknesses in the assessment of indicators of international trade in services were identified; the research is based on UNCTAD statistics.

Trade in Services: Removing Barriers

1983 ◽  
Vol 16 (01) ◽  
pp. 17-24
Author(s):  
Joan Edelman Spero
Keyword(s):  
International Trade ◽  
Data Processing ◽  
International Organizations ◽  
Service Sector ◽  
Trade In Services ◽  
National Examination ◽  
First Time

The meeting of the ministers of the General Agreement on Tariffs and Trade (GATT) in Geneva last November produced a little-noted but significant accomplishment. In the final hours of difficult, and at times acrimonious, debate, the ministers agreed to initiate a study on international trade in services–industries such as banking, insurance, communications, data processing, engineering and shipping. In the text of the final communique, GATT's contracting parties agreed to:• Recommend that each contracting party undertake a national examination of service sector issues;• Invite contracting parties to exchange this information among themselves and through international organizations, such as the GATT, on as uniform a basis as possible; and• Review the information at their 1984 session to determine whether a multilateral framework on services is desirable, and, if so, how to proceed.Although a modest step, the accord marks an economic milestone, for it is the first time that GATT's contracting parties have agreed to examine trade in services with the possibility of expanding international trade rules to cover services as well as goods.

POSSIBILITIES OF REALIZATION OF SERVICE SECTOR POTENTIAL IN THE GLOBAL ECONOMY

2021 ◽  
Author(s):  
Oksana Melnichuk
Keyword(s):  
International Trade ◽  
Gross Domestic Product ◽  
Global Economy ◽  
World Economy ◽  
Service Sector ◽  
Developing Economies ◽  
Domestic Product ◽  
Trade In Services ◽  
Services Sector ◽  
The World

The relevance of the study is due to the growing role of services in the world economy. Trade in services has become the dominant driver of economic growth and development in both developed and developing economies. Since the 1980s, data suggest that there is a stronger relationship between trade in services and gross domestic product (GDP) than in the case of commodity growth and GDP. It is noted that the quality of policies, regulations and institutional frameworks is a key factor in determining the effectiveness of services. As services are increasingly subject to liberalization through multilateral and regional trade agreements, it is important that countries develop harmonized approaches to internal regulation and trade liberalization in the services sector. The article identifies the features and characteristics of the service sector as a factor of multifaceted development and growth. The dynamics of international trade in services by geographical structure and types of development of countries is studied on the basis of statistical data of international organizations, taking into account the impact of the pandemic. It is noted that international trade in services is becoming an increasingly important part of global commerce. The problematic aspects of the activity of small business entities to enter foreign markets of services are considered. The issue of urgency of digital economy development for the sphere of services and contribution to world markets is outlined. Opening up the services sector has the potential to bring great benefits and deserves more attention. Further prospects for the realization of entrepreneurial potential in a comprehensive global economy are outlined. It is noted that services are an important part of the world economy, generating more than two-thirds of world gross domestic product (GDP), attracting more than three-quarters of foreign direct investment in developed economies, and creating most of new jobs worldwide. Establishing effective coordination mechanisms between trade negotiators, policymakers and regulators will be an important tool for the development of the global economy.

FDI and Trade in Services Towards Sustainable Economic Growth

2020 ◽  
pp. 369-381
Author(s):  
Madhabendra Sinha ◽  
Partha Pratim Sengupta
Keyword(s):  
Economic Growth ◽  
International Trade ◽  
Global Economy ◽  
Service Sector ◽  
Substantial Improvement ◽  
Least Square ◽  
Seasonal Effects ◽  
Current Phase ◽  
Trade In Services ◽  
Sustainable Economic Growth

The paper empirically investigates the inter-linkage between FDI inflow and international trade in service sector in India. Service sector emerges as the fastest growing sector worldwide during current phase of globalization, contributing more than 60 percent of output and almost 35 percent of trade in global economy. The sector also accounted for 63 percent of global stock of FDI. With hosting a large amount of FDI inflow, Indian service sector is also identified globally due to its substantial improvement in growth and export in international market. So there needs a study to explore the theoretically established causal relationship between FDI inflow and international trade in services towards sustainable and service led economic growth in India. The authors collect monthly data from DIPP, Government of India and RBI over a globally witnessed emerging period from January 2009 to June 2016 and apply ADF and PP unit root tests followed by least square estimation after testing the seasonal effects. Their findings imply unidirectional causality between FDI inflow and export Indian services.

Introduction

2009 ◽  
Vol 13 (3) ◽  
pp. 193-198 ◽  
Author(s):  
Christoph Dörrenbächer ◽  
Florian Becker-Ritterspach
Keyword(s):  
Developing Countries ◽  
Multinational Corporations ◽  
Special Issue ◽  
Firm Level ◽  
Economic Implications ◽  
Cross Border ◽  
The Cross ◽  
Political Dimensions ◽  
The Impact

Intrafirm competition, production relocation and outsourcing define crucial ways of organising and reorganising the cross-border operations of multinational corporations. What is more: these organisational activities put severe pressure on established economic coordination and governance both in developed as well as in developing countries. However, despite their organisational, political and economic salience, rather little is known about these processes and in particular about their socio-political dimensions. To this end, the contributions of this special issue aim at exploring, first, who the relevant actors are, what their interests are and how their strategies can be captured in intrafirm competition, production relocation and outsourcing. Second, the contributions discuss the wider socio-economic implications of firm-level processes by discussing, for example, the impact of outsourcing and relocation on employment fragmentation. Finally, the importance of public discourses is highlighted with regard to their role in both legitimating and promoting intrafirm competition, production relocation and outsourcing.

Sensitivity to Issue Framing on Trade Policy Preferences: Evidence from a Survey Experiment

2013 ◽  
Vol 67 (2) ◽  
pp. 411-437 ◽  
Author(s):  
Martin Ardanaz ◽  
M. Victoria Murillo ◽  
Pablo M. Pinto
Keyword(s):  
United States ◽  
International Trade ◽  
Service Sector ◽  
The United States ◽  
Issue Framing ◽  
Survey Experiment ◽  
Informational Cues ◽  
Material Conditions ◽  
Trade Preferences ◽  
The Impact

AbstractWe explore the impact of issue framing on individual attitudes toward international trade. Based on a survey experiment fielded in Argentina during 2007, which reproduces the setup of earlier studies in the United States, we show that individuals' position in the economy and their material concerns define the strength of their prior beliefs about international trade, and thereby mitigate their sensitivity to the new dimensions introduced in informational cues. Extending the analysis beyond the United States to a country with different skill endowments allows us to better explore the role of material and nonmaterial attributes on individual attitudes toward trade. We find that skill is a central predictor of support for openness. The effect is strongest for individuals in the service sector and in cities that cater to the producers of agricultural commodities. Our findings suggest that the pattern of support for economic integration reflects the predictions from recent literature in international economics that emphasizes trade's impact on the relative demand for skilled labor regardless of factor endowments. Our findings also amend recent empirical contributions that suggest socialization is the main factor explaining individual sensitivity to issue framing on trade preferences. We suggest that material conditions associated with income and price effects are crucial, both in shaping trade preferences and in affecting the malleability of attitudes to issue framing. Hence, our results provide a crucial contribution to our general understanding of the attributes shaping susceptibility to political framing in policy debates.

scholarly journals An Empirical Study on the Trade Impact of Cross border E-commerce on ASEAN and China under the Framework of RECP

2021 ◽  
Vol 275 ◽  
pp. 01039
Author(s):  
Guanhui Wang ◽  
Zengyu Cao
Keyword(s):  
Geographical Location ◽  
Economic Factor ◽  
The Internet ◽  
Global Trade ◽  
Trade Volume ◽  
Cross Border ◽  
The Cross ◽  
Asean Countries ◽  
Trade Gravity Model ◽  
The Impact

As an indispensable part of future global trade, the cross-border e-commerce will change the form and volume of the current global trade with globalization. Taking China and ten ASEAN countries as the research object, this paper empirically tests whether the cross-border e-commerce under the RCEP framework will affect the trade scale between China and ten ASEAN countries through the trade gravity model. As the research suggests, the impact of GDP and the Internet popularity on the trade scale of different ASEAN countries and China is not the same. Malaysia, Vietnam, Singapore, Thailand and other countries have larger trade volume with China due to economic factor, Internet, geographical location and other factors, while Brunei and Laos, which are closer to China with smaller economic volume, have more obvious shortcomings and are less related to the trade with China.

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