The Main Factors Affecting the Future Development of International Service Trade

The Main Factors Affecting the Future Development of International Service Trade

The fundamental reason for the rapid development of contemporary international trade in services is that the world economic structure has undergone a historic change. The new technological revolution, which emerged in the 1960s, accelerated the process of historical evolution, leading to changes in world trade structures and people’s lifestyles. Specifically, the development of contemporary international trade in services mainly has the following reasons.

1, As the updating world’s industrial, according to the economic growth stage of development economics, with the growth of national economic capacity, the country’s industrial structure will be gradually improved, gradually from the agricultural economy to the industrial economy, and then from the industrial economy to the service economy. The early 60s of this century, the major Western countries have completed their own industrialization process, began to enter the stage of industrialization, that is, the focus of the domestic economic shift to the service sector. The industrial upgrading driven by the growth of national economic capacity has led to a large-scale adjustment of the world industrial structure. The imbalance in the new world economic structure that has taken place in this process has led to a greater demand for international services that has made the global trade in services industry ever-growing with the potential for rapid growth.

2, International trade in goods and international investment growth. More than half a century since the war, international trade in goods has been expanding, taking the world’s total trade value of goods as an example, in 1950 totaled 61.1 billion US dollars, in 1990 amounted to 3394.9 billion US dollars, 40 years increased by nearly 56 times Far more than the same period the world’s industrial production and the growth rate of gross national product. In the rapid growth of goods trade, with the import and export of goods directly related to the traditional trade in services, such as international transport services, international cargo insurance, international settlement services, etc., are correspondingly in size, the number doubled. The rapid expansion of international investment and tilt to the service sector, not only led to the growth of international trade in goods, but also led to the rapid growth of international trade in services. Especially the international investment income as a factor service project, its rapid expansion itself constitutes the expansion of overseas service trade flows.

3, The new scientific and technological revolution to promote. The new technological revolution, especially the rise of the information technology revolution in the 1960s, has effectively promoted the rapid development of international service trade. First, the development of high-tech has been widely applied to the service industry, so that many of the original “non-tradeable” services into “tradeable” services, so that the types of international trade in services increased, the scope of expansion, such as some traditional education services, health The service has always been considered to be “non-tradeable” services that can now be stored on disk or software for sale. The development of information technology and communication technology has also enabled banks, insurance, commodity retailing to carry out business on a global scale, providing opportunities for cross-border services. Second, the scientific and technological revolution has accelerated the international movement of labor force and scientific and technological personnel, especially the promotion of professional scientific and technical personnel and senior management personnel to flow to other countries to promote the expansion of international trade in services. Finally, with the advancement of science and technology, the industrial structure of developed countries gradually shifted to technology-intensive and capital-intensive high-tech industries, shifting labor-intensive industries to newly industrialized countries and some developing countries so that these countries and regions can use this The region is rich in cheap labor resources, earn foreign exchange service income, the formation of large-scale domestic service output. The reasons for the rapid development of international trade in services.

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