Services in International Trade of Japan : Factors Influence on the Share

Abstract

This paper examines factors influence on the share of services in international trade of China. In 2004, China overtook Japan as the leading Asian exporter, outdistanced the United States in 2007 and Germany in 2009 as the world's leading exporter. Since the performance of services in China has shown the competitiveness in international trade for the last decade, it is determined to be the noteworthy field of the economy. In this study, the periodical changes of services in international trade of China were observed with special attention on its assession to the World Trade Organization (WTO). As a theoretical study, qualitative method is used to build a theoretical framework based on the literature review within the context of services and perspective of international trade. Through the analysis on the collected data in Chinese, English, and Korean, the share of services in international trade in China is determined to be influenced by the multiple factors: liberalization processes, development of technology, privatization, governmental policies and planning, and deregulation.