Can trade in services bolster regional development in southern Africa?

OUTPUT TYPE: Policy briefs
PUBLICATION YEAR: 2019
TITLE AUTHOR(S): J.Visagie, I.Turok
KEYWORDS: ECONOMIC DEVELOPMENT, SOUTHERN AFRICA, TRADE
Print: HSRC Library: shelf number 11283
HANDLE: 20.500.11910/15235
URI: http://hdl.handle.net/20.500.11910/15235

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Abstract

Service exports are the fastest growing portion of world trade and now account for nearly a quarter of global exports. Tradable services contribute to economic growth and development by bolstering industrial capabilities, facilitating productivity growth and investment, and contributing directly to exports. This presents opportunities for many emerging economies to enter new markets.