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Service Export Sophistication and Europe's New Growth Model / Gable, Susanna Lundstrom
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Gable, Susanna Lundstrom
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Banks & Banking Reform.
- Commodities.
- Economic growth.
- Economic integration.
- Economic Theory & Research.
- Globalization.
- Housing & Human Habitats.
- International Economics & Trade.
- Productivity.
- Public Sector Corruption & Anticorruption Measures.
- Services.
- Sophistication.
- Structural transformation.
- Trade.
- Europe.
- Local Subjects:
- Banks & Banking Reform.
- Commodities.
- Economic growth.
- Economic integration.
- Economic Theory & Research.
- Globalization.
- Housing & Human Habitats.
- International Economics & Trade.
- Productivity.
- Public Sector Corruption & Anticorruption Measures.
- Services.
- Sophistication.
- Structural transformation.
- Trade.
- Europe.
- Physical Description:
- 1 online resource (31 pages)
- Place of Publication:
- Washington, D.C., The World Bank, 2011
- System Details:
- data file
- Summary:
- Technology has changed the nature of service activities and made them more productive, tradable and fragmented in the global supply chain. Has Europe's growth been benefiting from the ongoing globalization of services? Services dominate growth in EU-15 countries and, to a lesser extent, in New Member States (NMS) and Accession (ACC) countries. Except in the ACC region, Europe has maintained specialization in service exports. Service productivity, tradability, and exports of modern services are high in EU-15, growing fast in NMS while at a lower pace in ACC. Service export sophistication is important for growth across the region, but especially in NMS.
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