The Comparative Advantages in the Services Sector of Developing Economies

Abstract

International trade of goods and services plays an important role in the growth of economies. To make this growth sustainable in the long run, it is important to understand in what goods or services countries have comparative advantage (CA). The present work focuses on the ten biggest developing economies, revealing their CA in the services sector. The main results reveal that India has a CA in computer and information services, Macao, Thailand and Turkey in travel services, China, Hong Kong, India and Taiwan in other business services, Korea in construction and transport services, and Singapore in financial and transport services.

BRICS Ülkelerinin Hizmet Ticaretinde Açıklanmış Karşılaştırmalı Üstünlükleri

“…International trade in services plays an important role in the growth of economies. It is important to determine which services have a comparative advantage in making this growth sustainable in the long term and in developing strategies for service exports (Cunha & Forte, 2017). However, due to the unique characteristics of services, there are restrictions on measuring export competitiveness.Therefore, there are very few studies to measure the export competitiveness of service industries (Chemsripong & Mahmood, 2008: 27-29).This study aims to examine the comparative advantage in service sectors of BRICS (Brazil, Russia, India, China and South Africa) countries with the Revealed Comparative Advantage (RCA) approach.…”

“…Uluslararası hizmet ticareti, ekonomilerin büyümesinde önemli bir rol oynamaktadır. Bu büyümeyi uzun vadede sürdürülebilir kılmak ve hizmet ihracatına yönelik stratejiler geliştirmek için hangi hizmetlerin karşılaştırmalı üstünlüğe sahip olduğunun belirlenmesi önemlidir (Cunha & Forte, 2017). Bununla birlikte hizmetlerin kendine özgü özellikleri nedeniyle, ihracat rekabet gücünü ölçme hususunda kısıtlamalar söz konusudur.…”