Service Export Sophistication and Europe’s New Growth Model
Technology has changed the nature of service activities and made them more productive, tradable and fragmented in the global supply chain. Has Europe's growth been benefiting from the ongoing globalization of services? Services dominate growth...
| Main Authors: | , |
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| Language: | English |
| Published: |
2012
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| Subjects: | |
| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110912123408 http://hdl.handle.net/10986/3557 |
| Summary: | Technology has changed the nature of
service activities and made them more productive, tradable
and fragmented in the global supply chain. Has Europe's
growth been benefiting from the ongoing globalization of
services? Services dominate growth in EU-15 countries and,
to a lesser extent, in New Member States (NMS) and Accession
(ACC) countries. Except in the ACC region, Europe has
maintained specialization in service exports. Service
productivity, tradability, and exports of modern services
are high in EU-15, growing fast in NMS while at a lower pace
in ACC. Service export sophistication is important for
growth across the region, but especially in NMS. |
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