Global Trade in Services: Fear, Facts, and Offshoring

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Abstract:

The EconLit abstract of the reviewed work begins: Explores U.S. services in the national and global economies and considers whether the United States should be concerned about increased trade in services. Discusses some basic facts about the service sector and service trade; a new approach to identifying tradable services; characteristics of workers in tradable service industries; comparative advantage -- lessons from manufacturing; comparative advantage -- prospects for the service sector; impediments to trade in services; the labor-market impact of increased service trade; and trade services across U.S. regions -- opportunities and vulnerabilities. Jensen is Senior Fellow at the Peterson Institute for International Economics, Professor of Economics and International Business in the McDonough School of Business at Georgetown University, and a senior policy scholar at the Georgetown Center for Business and Public Policy. Index.

Document Type: Book Review

DOI: http://dx.doi.org/10.1257/jel.50.2.513.r7

Publication date: June 1, 2012

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