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International Trade in Services and Intangibles in the Era of Globalization

            Quantitative measures of international exchange have historically focused on trade in tangible products or capital. However, services have recently become a larger portion of developed economies and international trade, and will only increase in the future. In International Trade in Services and Intangibles in the Era of Globalization, Marshall Reinsdorf and Matthew J. Slaughter examine new and emerging patterns of trade, especially the growing importance of transactions involving services or intangible assets such as intellectual property.

            A distinguished team of contributors analyzes the challenges involved in measuring trade in intangibles, the comparative advantages enjoyed by United States service industries, and the heightened international competition for jobs, capital investment, economic growth, and tax revenue that results from trade in services. This comprehensive volume will be necessary reading for scholars seeking to understand the rapidly changing global economy.

Table of Contents

Prefatory Note

Marshall Reinsdorf and Matthew Slaughter

I. Challenges in Measuring Trade in Services

1. Measuring International Trade in Services 
Robert E. Lipsey
Comment: J. David Richardson

2. Improved Measures of U.S. International Services: The Cases of Insurance, Wholesale and Retail Trade, and Financial Services
Maria Borga

II. R&D and Intellectual Property

3. The Effect of Taxes on Royalties and the Migration of Intangible Assets Abroad
John Mutti and Harry Grubert

4. Measuring Payments for the Supply and Use of Intellectual Property
Carol A. Robbins
Comment: C. Fritz Foley

5. R&D Exports and Imports: New Data and Methodological Issues
Francisco Moris
Comment: Wolfgang Keller

6. International Trade in Motion Picture Services

Gordon H. Hanson and Chong Xiang
Comment: Phillip McCalman

III. Offshoring of Services

7. Does Service Offshoring Lead to Job Losses? Evidence from the United States
Mary Amiti and Shang-Jin Wei
Comment: Robert C. Feenstra

8. Outsourcing and Imported Services in BEA’s Industry Accounts
Robert E. Yuskavage, Erich H. Strassner, and Gabriel W. Medeiros
Comment: J. Bradford Jensen

9. We Can Work It Out: The Globalization of ICT-Enabled Services 
Desirée van Welsum and Xavier Reif
Comment: Lori G. Kletzer

IV. Topics in the Measurement of Price and Productivity

10. The Contribution of Multinational Corporations to U.S. Productivity Growth, 1977–2000
Carol Corrado, Paul Lengermann, and Larry Slifman
Comment: Raymond J. Mataloni Jr.

Author Index
Subject Index

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