LATECOMER COUNTRIES’ INTERNATIONAL TRADE IN SERVICES: THE CASE OF LITHUANIA
Keywords:international trade, trade in services, Lithuania, latecomer country, structure of export of services
AbstractInternational trade in services doesn’t reach the level of international trade in merchandise till now. Developed and developing countries, emerging markets pays a large attention in increasing the export of services, looks for possibilities to compete in the international services market. The goal of the paper is to disclose the specifics of international trade in Lithuania, as one of latecomer countries which export of services is similar to other countries, what later have entered to EU. The specify of international trade in services is related not only to a smaller part of export comparing to merchandise, but also to the specific groups of services what could be exported abroad. Developed countries’ services providers compete in the international market by information and communication technologies (ICT), business services, professional services, etc. Simultaneously latecomer countries are able to offer transport, tourism and other international services not requesting high-tech, professional know-how, etc. Findings of the survey showed that Lithuania as a trader of international services is more similar to other latecomer countries and further development of services export in order to gain larger part of international services market is urgent.
Competitiveness of Nations in Global Economy