Lanz, Rainer; Maurer, Andreas - 2015 - Manuscript date: February 2015
input into manufacturing production often termed servicification of manufacturing, is substantial with services value added …This paper analyses the role of services in international trade through the lens of global value chains (GVCs …). Services account for more than 70% of world GDP but only for around 20% of world trade in balance of payments terms. In value …
