Commonwealth Trade Hot Topics

2071-9914 (online)
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The Trade Hot Topics series provides concise and informative analyses of various trade and trade-related issues which are prepared both by Commonwealth Secretariat and international experts.

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Patrick Low1
Author Affiliations
  • 1: University of Hong Kong, Hong Kong, China

23 Sep 2016
Bibliographic information

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There is growing recognition of the vital role played by services in economic growth and development, both as separate sources of value and in conjunction with production, trade and consumption linked to manufacturing and commodities. Trade and foreign direct investment enables economies to specialise in a variety of services activities on the basis of comparative advantage. This issue of Commonwealth Trade Hot Topics delves more deeply into the key role of services in economic activity, particularly in the context of global value chains (GVCs).
services trade, global value chains
JEL Classification:
  • F13: International Economics / Trade / Trade Policy; International Trade Organizations
  • F14: International Economics / Trade / Empirical Studies of Trade
  • L8: Industrial Organization / Industry Studies: Services