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U.S. Trade in Services: Trends and Policy Issues

January 22, 2020

Trade in “services” refers to a wide and growing range of economic activities. These activities include transport, tourism, financial services, use of intellectual property, telecommunications and information services, government services, maintenance, and other professional services from accounting to legal services. Compared to goods, the types and volume of services that can be traded are limited by factors such as the requirement for direct buyer-provider contact, and other unique characteristics such as the reusability of services (e.g., professional consulting) for which traditional value measures do not account. In addition to services as independent exports, manufactured and agricultural products incorporate and depend on services, such as research and development or shipping of intermediate or final goods. As services account for 71% of U.S. employment, U.S. trade in services, both services as exports and as inputs to other exported products, can have a broad impact across the U.S. economy.

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Southwest Health and Human Services

SWHHS is a multi-county agency committed to strengthening individuals, families and communities by providing quality services in a respectful, caring and cost-effective manner We are a government organization that provides a variety of services to serve our communities in Southwestern Minnesota. Formed as a result of previous successfull government collaborations in the region, Commissioners from six different Southwestern, MN Counties created a long-term strategy to reduce barriers to services for the public and develop and support a variety of specialty services for our rural Minnesota stakeholders.

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U.S. Trade in Services: Trends and Policy Issues