The Blind Spot in the Trade Debate
In today’s world, digital flows and services are already too big and important to ignore. As governments assess their external balances and competitive positions, hammer out trade deals, and set national policy agendas, they need to look beyond manufacturing and agriculture.
BERKELEY – Negotiations to resolve the Sino-American trade conflict have so far centered on soybeans, natural gas, and an assortment of commodities and manufactured goods. Yet, an increasingly important component of US and global trade is scarcely mentioned: services.