Quantitative measures of international exchange have historically
focused on trade in tangible products or capital. However, services have
recently become a larger portion of developed economies and
international trade, and will only increase in the future. In
International Trade in Services and Intangibles in the Era of
Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new
and emerging patterns of trade, especially the growing importance of
transactions involving services or intangible assets such as
intellectual property.
A distinguished team of contributors analyzes the challenges involved in
measuring trade in intangibles, the comparative advantages enjoyed by
United States service industries, and the heightened international
competition for jobs, capital investment, economic growth, and tax
revenue that results from trade in services. This comprehensive volume
will be necessary reading for scholars seeking to understand the rapidly
changing global economy.