Hoekman, Bernard; Primo Braga, Carlos A. - Economics Research, World Bank Group - 1997
Until recently, trade in services was mostly ignored by iinternational economists, reflecting a perception that … economic activities. In 1995, services trade climbed to a 20-percent share of global trade -no doubt an underestimate, as the … most dynamic component of trade in services is telecommunications, which is not being properly captured in conventional …