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Trade in services
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Trade in services is now an important element of world economic ties. The major exporters and importers of services are the USA and Great Britain, Japan and Germany, France and Italy. Its volume has greatly increased recently. The UK, for example, gains half of its overseas earnings from its service industries.
There are new services associated with the development of telecommunication facilities and computer equipment and traditional ones. They cover transport and tourism, hotel facilities, training, and communications. Serv ices may be engineering-and-consulting, informational-and-computer, Atta-processing, advertising, legal, etc.
Such services as training of foreign students and the activity of international organizations on the territory of the country may bring its good earnings too, for example, these services bring the USA the world's largest revenues.
The growing diversification of services rendered by American corporations resulted in their beginning to offer entire packages of services, e.g. a single complex of financial services includes banking, insurance, stock exchange and intermediary services, etc.
On the other hand, this diversification leads to the fact that each engineering export firm specializes in just a few economic sectors to make it services competitive, for example, pre-investment services those linked with the design and construction of projects, special services and consultation-modernization, control systems, computers, market research, cartography and many others.
Prospects of world trade in services are promising. The demand for modern services is particularly great and is still growing rapidly. In the future there will be much joint activity in the fields of management consultancy, advertising, banking, accountancy, marketing, insurance and engineering consultancies, hotel and catering industries.
Active vocabulary:
| strictly – adv строго | possess – v обладать |
| globe – n земной шар | particular – зд. определенный |
| arise – v возникнуть | transfer[traens'f3:]– v переводить |
| quantity – n количество require – v требовать | varying amounts –разнообразные объемы |
| evenly – adv равномерно | shift – v сдвигать, перемещать |
| throughout – adv повсюду adopt – v принимать | ignorance of possibilities –неприятие во внимание возможностей |
| abundance – n изобилие allocate – v распределять | prevent – v помешать obviously – adv явно |
| cheaply – adv дешево | enable – v давать возможность |
| unskilled –неквалифицированный | propose – v предлагать |
Date: 2016-02-19; view: 655; Нарушение авторских прав