Trade in Services (Baumann)

Trade in services and trade balance by Renato Baumann. “Production in the service sector and trade in services have become two variables of increasing importance that are hard not to take into account. In most countries, the services sector accounts for more than half of GDP: according to the World Banks ‘ World Development Indicators, in 2015 in only ten countries did the services sector correspond to less than 50% of GDP.”

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