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World trade with services in globalisation processes

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  • V. Jeníček

    (University of Economy, Prague, Czech Republic)

Abstract

Services become an important participant of the international economic relationships during the last 20 to 30 years. Since the sector of services used formerly to be applied rather more on the national level, we speak of the internalisation of services, which become an important article of international trade. Compared to the dynamics of world trade with tangible goods, services reach higher year-to year increases and their share in the world trade turnover still increases. The explanation lies in the growing importance of services connected to the level of the economy development and in the foreign trade with services liberalisation. The value of the services export on the world level reached approx.1.5 trill. USD in 2000. The value of the world export of tangible goods was 5.5 trill. USD in the same year, so that export of services covered approximately one fifth of the total world tangible and non-tangible goods. The share of services in the world export (tangible and non-tangible) grew continually.

Suggested Citation

  • V. Jeníček, 2007. "World trade with services in globalisation processes," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 53(2), pages 55-64.
    • Handle: RePEc:caa:jnlage:v:53:y:2007:i:2:id:1229-agricecon
    DOI: 10.17221/1229-AGRICECON
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    References listed on IDEAS

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    1. Martin Richardson (ed.), 2000. "Globalisation and International Trade Liberalisation," Books, Edward Elgar Publishing, number 2061.
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