By Prakash Loungani, Chris Papageorgiou, and Ke Wang
Version in 中文 (Chinese)
Services, which already account for 50 percent of world income and 70 percent of employment, are also becoming an important part of international trade. Services exports—accounting for nearly one fourth of total exports—have come to play a central role in the global economy, thanks in large part to advances in technology. Continue reading
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