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World Trade Report 2019

The future of services trade

image of World Trade Report 2019

Services have become the most dynamic component of global trade, with an increasingly important role in the global economy and in everyday life. Yet the extent of services’ contribution to global trade is not always fully understood. The World Trade Report 2019 attempts to remedy this by examining how trade in services is evolving and why services trade matters.

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Why services trade matters

This section examines the role of trade in services in helping countries to achieve rapid and inclusive growth. Section C.1 discusses and attempts to quantify how services trade benefits the economy and promotes growth. Section C.2 discusses the role trade in services plays in enhancing domestic firms’ competitiveness, not only in the services sector, but also in manufacturing. Section C.3 considers how services trade promotes inclusiveness in a number of areas, such as skills, gender and location of economic activity. Section C.4 concludes.

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