Factors Influence on the Share of Service Trade: Focus on Hong Kong and Macao

초록

In this study, factors influence on the share of services in international trade of Hong Kong and Macao will be analyzed. As eastern subregion of the Asian continent, the performance of services in both special administrative regions (SARs) of China has shown the competitiveness in international trade. Special attention is made on the Closer Economic Partnership Arrangement (CEPA) on trade in services with China. In order to establish a theoretical framework, qualitative method is used to collect and analyze data within the context of services and perspective of international trade based on the literature review. The share of services in international trade in SARs is examined to be influenced by the multiple factors: liberalization processes, development of technology, agreement, and government support. Keywords : Services, International Trade, Hong Kong Business, Service Sector, Macao