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Article Details ::
Article Name :
RELATIONSHIP BETWEEN GOODS TRADE ECONOMY AND SERVICE-ORIENTED TRADE ECONOMY
Author Name :
Kang Zexiang , Michel Plaisent , Prosper Bernard and James Ming-Hsun
Publisher :
Ashok Yakkaldevi
Article Series No. :
ROR-823
Article :
Author Profile
Abstract :
In the late 1960's, international trade of goods has branched into goods trade and service-oriented trade giving rise to the two types of trade and economy that we now have. With the passage of time, service-oriented trade has surpassed goods trade both in volume and speed of transaction. In service-oriented trade, its unique production entity which involves human resources, is the decisive factor for determining its comparative advantage. The level of service knowledge and technical content are the basis for its comparative advantage.<
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