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Trade in Services - More than just Shipping!

Graham Watson

19th April 2017

Two hundred years ago this week we were introduced to the concept of comparative advantage by David Ricardo.

The BBC's Andrew Walker looks here at the growth in the service sector, as it accounts for an growing proportion of international trade. In the past, there was a tendency to see services as (a) non-tradable (b) shipping. That view is increasingly being challenged.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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