Services in International Trade of Mongolia and Chinese Taipei: Factors Influence on the Share

초록

This paper analyzes the factors impacting on the share of services in international trade of Mongolia and Chinese Taipei. In addition to the previous studies of East Asian countries, China, Hong Kong, Macao, Japan and Korea, services in international trade of these two regions are reviewed in order to determine the factors influence on the share. Although Mongolia has boosted its trade by joining WTO since 1997, its services in international trade has not shown any significant improvement until last year. Besides, Chinese Taipei has stayed as a part of East Asia region leading the services in international trade. Qualitative method is used to build a theoretical framework which can provide the boundaries for this study and its position within the context of services and perspective of international trade of the two regions. According to the analysis, the share of services is determined to be sensitive to the multiple factors: technological development, political affair and relations, liberalization of the processes, privatization and deregulation, and entrance of foreign investors to the service markets.

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