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Trade in services drives the exchange of ideas, know-how and technology, although it is often restricted by barriers such as domestic regulations.
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Mar 14, 2017 · In particular, the US services sector makes a very strong showing on the international stage—one that benefits the US economy and creates jobs.
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Likely most important, trade enables greater selection across different types of goods (say refrigerators).
Trade in services. Services are the backbone of the modern economy, contributing more to economic growth and job creation worldwide than manufacturing and ...