Friday, November 09, 2012

Globalization of Services Is Still In Infancy

According to WTO Director-General Pascal Lamy:
“The global economy is being transformed at an unprecedented speed and at the heart of that transformation is the services economy. (…) Services underpin every part of the production process, from research and development to design, engineering, financing, transportation, distribution and marketing. In short, without services, there would be little value-added and innovation.”
Learn more about the growth of the services economy here.

Related articles:  WTO | News - Speech - Director-General Pascal Lamy - Lamy:  "It is high time that we put services at the heart of our trade opening agenda"

New Release:  U.S. International Trade in Good and Services

Service Exports:  A Dynamic Option

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