The Service Globalization Index :Case studies of Korea and G7 countries
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This paper attempts to provide a new concept and measurement of the globalization of the service industry, particularly for Group Seven (G7) countries and South Korea. The Service Globalization Index (SGI) is theoretically constructed based on the General Agreement on Trade in Services (GATS) four modes of trade flows in services. The estimation result of SGI for G7 countries and South Korea shows that trade and foreign direct investment (FDI) in services are the factors that significantly contribute to the index result. The information technology (IT), tourism, and migration also plays critical roles in speeding up globalization of the service sector. Among investigated countries, United States and United Kingdom are the leading countries in terms of service globalization, while Japan and Korea lag behind other advance country. Overall, SGI is not only connected with economic development but also depend on the socio-economic characteristics of the country.
Abstract
This paper attempts to provide a new concept and measurement of the globalization of the service industry, particularly for Group Seven (G7) countries and South Korea. The Service Globalization Index (SGI) is theoretically constructed based on the General Agreement on Trade in Services (GATS) four modes of trade flows in services. The estimation result of SGI for G7 countries and South Korea shows that trade and foreign direct investment (FDI) in services are the factors that significantly contribute to the index result. The information technology (IT), tourism, and migration also plays critical roles in speeding up globalization of the service sector. Among investigated countries, United States and United Kingdom are the leading countries in terms of service globalization, while Japan and Korea lag behind other advance country. Overall, SGI is not only connected with economic development but also depend on the socio-economic characteristics of the country.
참고문헌 (13)
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