engleski

DEVELOPMENT OF INTERNATIONAL TRADE IN SERVICES AND ISSUES OF STATISTICAL MONITORING AND RECORDING

The aim of this paper is to present the development of international trade in services and to highlight the problems of statistical monitoring and recording of services at the international level, but also in the Republic of Croatia. The paper proves that trade in services is the fastest growing component of international exchange in the last twenty years. The growth of world exports of services was achieved for several reasons:growth of income of the world’s population, strong growth of foreign direct investment in services, liberalization of international trade in services, technical progress, privatization processes, unification of international trade law, convertibility of more currencies and increase in the number of countries in the world. However, the real share of services and their importance in the economy is far greater than that shown in official statistics. At the international level, statistical monitoring of trade in services has been largely incomplete for numerous causes. First and foremost, the problem is the separation of services from goods, and thus incomplete national statistics on services. Then, the data on the international exchange of services by service sector is insufficiently disaggregated. In addition, part of the services related to international trade is often included in the value of exports of goods, which is the case with services provided in conjunction with goods being exported. Most often, these are goods that are exported directly by the manufacturer, and the services that accompany these goods are most often related to the training of workers to work on imported equipment and the transport directly performed by the manufacturer. Such input is included in the value of exports of goods and increases it, while the value of exports of the service thus provided is not recorded.

European Union, international trade, Republic of Croatia, services, statistical monitoring

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