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Commonwealth Trade Hot Topics

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.

English

Modes of Service Delivery and Global Value Chain Participation

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).

English

Keywords: global value chains, services trade
JEL: F13: International Economics / Trade / Trade Policy; International Trade Organizations; F14: International Economics / Trade / Empirical Studies of Trade; L8: Industrial Organization / Industry Studies: Services
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