International trade in services : development trends and possibilities

Laura Aidukienė, Kazlauskienė Vilma

Research output: Contribution to journalArticle

Abstract

International trade in services grown significantly, yet little research has been undertaken to understand international services. Major features of services have much in common with other services, being, however, more closely related to country’s economy. The article deals with the principles of quantitative evaluation of competitiveness of services. The complex approach to the above problems should be developed. The topicality of course work is growing role of international trade in services for countries economy. The importance of services is as a share of overall production and employment. Services are becoming increasingly internationalized and services also account for a greater share of foreign direct investment than does manufacturing in the most developed economies of the world. This paper is based on extensive literature analysis and empirical data. First, this paper makes an introduction to the nature of international services. The Directive on services in the internal market is an EU law aiming at establishing a single market for services within the European Union (EU), so it was designed to break down barriers to trade in services across the EU, and help complete the single market. The EU Services Directive is one of the cornerstones for the realization of the EU internal market and is fundamental to economic and legal experts in governments, trade and industry, as well as to the general public. The starting point is identifying issues of competition in the international trade sector is that EU Services Directive to execute a purpose contribute to the Lisbon strategy goal of making the European Union the world’s most dynamic, competitive and sustainable economy. The article deals with the services sector’s development in ES market analysing its competitive potential in our Lithuanian country.
Original languageEnglish
Pages (from-to)1-6
JournalEconomics and management = Ekonomika ir vadyba
Issue number17
Publication statusPublished - 2012

Fingerprint

International trade
Trade in services
Service development
European Union
Single market
Internal market
Economics
Manufacturing
Quantitative evaluation
Industry
Competitive dynamics
Competitiveness
Service sector
Empirical data
Breakdown
Foreign direct investment
Government
Lisbon strategy

Keywords

  • International trade in services
  • Competitiveness
  • EU Services Directive

Cite this

International trade in services : development trends and possibilities. / Aidukienė, Laura; Vilma, Kazlauskienė.

In: Economics and management = Ekonomika ir vadyba, No. 17, 2012, p. 1-6.

Research output: Contribution to journalArticle

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