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Trade in services: East Asian and Latin American Experiences

Author

Listed:
  • Alicia García-Herrero
  • KC Fung
  • Nathalie Aminian
  • Francis Ng

Abstract

This paper investigates the trend and characteristics of trade in services in two fertile regions where different forms of trade integration have taken place: East Asia and Latin America. To that end, the World Bank data are utilized to categorize services trade in order to put on view the national and regional positions on dynamic sectors, and to compare East Asia and Latin America in terms of revealed comparative advantages, the weight of service activities in the regional economic activity, the share of services employment. The paper deals also with the issue of internationalization of services through FDI. Overall, it shows the increasing importance of East Asia as a trading region while the share of North & Latin America is low and declining over time.

Suggested Citation

  • Alicia García-Herrero & KC Fung & Nathalie Aminian & Francis Ng, 2012. "Trade in services: East Asian and Latin American Experiences," Working Papers 1204, BBVA Bank, Economic Research Department.
    • Handle: RePEc:bbv:wpaper:1204
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    References listed on IDEAS

    as
    1. Nathalie Aminian & K. Fung & Francis Ng, 2009. "A comparative analysis of trade and economic integration in East Asia and Latin America," Economic Change and Restructuring, Springer, vol. 42(1), pages 105-137, May.
    2. K. C. Fung & Alan Siu, 2008. "Political Economy Of Service Trade Liberalization And The Doha Round," Pacific Economic Review, Wiley Blackwell, vol. 13(1), pages 124-133, February.
    3. Takatoshi Ito & Anne O. Krueger, 2003. "Trade in Services in the Asia-Pacific Region," NBER Books, National Bureau of Economic Research, Inc, number ito_03-1.
    4. K. C. Fung & Hitomi Iizaka & Chelsea Lin & Francis Ng, 2004. "Multilateral Trade Negotiations in the GATT and the WTO: Lessons for Asia," Asian Economic Papers, MIT Press, vol. 3(2), pages 79-96.
    5. Bernard Hoekman & Carlos Braga, 1997. "Protection and Trade in Services: A Survey," Open Economies Review, Springer, vol. 8(3), pages 285-308, July.
    6. Philippa Dee & Kevin Hanslow, 2013. "Multilateral Liberalization of Services Trade," World Scientific Book Chapters, in: Services Trade Reform Making Sense of It, chapter 4, pages 69-95, World Scientific Publishing Co. Pte. Ltd..
    7. Damien Broussolle, 2006. "The New Approach To International Trade In Services In View Of Services Specificities: Economic And Regulation Issues," Working Papers of LaRGE Research Center 2006-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    8. Ito, Takatoshi & Krueger, Anne O. (ed.), 2003. "Trade in Services in the Asia-Pacific Region," National Bureau of Economic Research Books, University of Chicago Press, edition 1, number 9780226386775, August.
    9. Banga Rashmi, 2005. "Trade in Services: A Review," Global Economy Journal, De Gruyter, vol. 5(2), pages 1-24, June.
    Full references (including those not matched with items on IDEAS)

    Citations

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    Cited by:

    1. De La Fuente, Angel & Doménech, Rafael, 2013. "The financial impact of Spanish pension reform: A quick estimate," Journal of Pension Economics and Finance, Cambridge University Press, vol. 12(1), pages 111-137, January.
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    More about this item

    Keywords

    Latin America; foreign direct investment; East Asia; service trade;
    All these keywords.

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F15 - International Economics - - Trade - - - Economic Integration
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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