Prospects of development of world market of services

Korolenko Nataliya
Odessa National University of Economics, Clasic Private University, e-mail:kreckova.olga@yandex.ru

Krekova Olga
Odessa National University of Economics, e-mail:kreckova.olga@yandex.ru

Cite this article:

Korolenko, N., SKrekova, O. (2016). Prospects of development of world market of services. Ed.: М.D. Baldzhy (ed.-in-ch.) and others [Systema pensiinoho zabezpechennia Ukrainy ta yevrointehratsiini protsesy; za red.: М. D. Baldzhy (gol. red.)], Scientific Bulletin of the Odessa National Economic University (ISSN 2313-4569), Odessa National Economics University, Odessa, No. 7 (239), pp. 44-55.

Abstract

The article is dedicated to the theoretical foundations of the world market of services, the concept of "service", its main characteristics, the main features and differences from trade of goods, the current state of the global services market. Particular attention is paid to the modern trends of development of the global service market, the most competitive sectors world merchandise and services markets are characterized, and the world ranks of leading exporter’s and importer’s are analyzed. In recent years, it is observed that the main positions occupied developed countries, but in the rating of the leaders are represented and developing countries. The share and the role of these countries in the export of services in the global markets is increasing annually. A promising direction is to increase the number of large integrated companies involved in the supply to the consumer "package" and give him the opportunity to use one service provider, as well as the emergence of innovative services.

Keywords

services, global services market, international trade, leading exporters and importers, competition, development trends.

JEL classification: R400

UD classification: 658.64:339.13

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