Factors influence on the share of services in international trade: Focus on East Asia

초록

This paper aims to analyze factors affecting the share of services in international trade focusing on geographical region of East Asia which includes China, Hong Kong, Macau and Taiwan; Mongolia, Korea and Japan. Services is known to be the most significant sector of the economy for decades, especially in the developed countries, and now the competitiveness of national economies is also increasingly recognized by their performance in the service sector of the eastern sub-region of the Asian continent. Particular emphasis is made on the opportunities which arise for Chinese business among the eastern countries due to its huge impact on the neighboring countries. Firstly, the liberalization and development of international trade in services for each country is studied. International trade in services is dominated by infrastructural services, therefore, secondly transportation, communication, finance, audiovisual, tourism, and insurance services are examined over the region. Then, this study can present a comprehensive assessment of international trade in services and an analysis of its prospects.