Global Trade in Services: Fear, Facts, and Offshoring

J. Bradford Jensen, Peterson Institute

Peterson Institute for International Economics, Washington, DC

October 18, 2011

The Peterson Institute for International Economics released its latest study, Global Trade in Services: Fear, Facts, and Offshoring, by J. Bradford Jensen, on October 18, 2011. The book breaks new ground in analyzing the extent to which US services are tradable and fills many of the previous empirical gaps on the size, scope, and potential impact of services trade. It makes a series of bold policy recommendations for the United States to promote access to foreign markets for its services exports, especially since the coming global boom in infrastructure spending will be of historic proportions. The book also addresses fears concerning offshoring of US services activities and finds that they are greatly overstated.

Author J. Bradford Jensen has been a senior fellow at the Peterson Institute since 2003 and was formerly also deputy director. He is now professor of economics and international business at Georgetown University. Dr. Jensen was previously director for the Center of Economic Studies at the Census Bureau and taught at Carnegie Mellon University. He is one of the world's leading analysts of US trade, having made seminal contributions to the understanding of trade in manufactures before turning his attention to the services sector.

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