TRANSFORMATION OF INTERNATIONAL BUSINESS SERVICES INDUSTRY IN LITHUANIA

Abstract

International trade in services is a rather scarcely analysed phenomenon because of the nature of the services. They are seldom exported because of the impossibility to transport, the necessary contact guarantee between provider and consumer, and other services characteristics, too. The international business services usually make the small part of all services export, especially from the less developed, developing and transforming countries. The developed economies are exclusively identified as the business services, such as accounting, management consultations, architectural and technical, trade-related services’ exporters and providers. Lithuania is known in the market of the EU as the transport, sometimes as the tourism, but not as the business services provider. There are a few of factors, which enable to develop the Lithuanian business services sector successfully enough: developing the economy, the growth of the competition and the enlarged interest of foreign investors.

DOI: http://dx.doi.org/10.5755/j01.em.18.2.4088