{'fraction_non_alphanumeric': 0.020309477756286266, 'fraction_numerical': 0.02611218568665377, 'mean_word_length': 4.75, 'pattern_counts': {'":': 0, '<': 0, '<?xml version=': 0, '>': 0, 'https://': 0, 'lorem ipsum': 0, 'www.': 0, 'xml': 0}, 'pii_count': 0, 'substrings_counts': 0, 'word_list_counts': {'cursed_substrings.json': 0, 'profanity_word_list.json': 0, 'sexual_word_list.json': 0, 'zh_pornsignals.json': 0}}
Regional Competition in the International Market for Services: A Shift-Share Analysis

ABSTRACT The volume of services marketed across national borders in recent years has dramatically risen due to increased liberalization and market globalization, on the one hand, and rapid advances in telecommunications and information technology, on the other. The author analyzes the competition among the seven regions of the world for a share in this expanding sector of the international market, doing so over a 15-year period from 1997 to 2012. A shift-share analysis was carried out to identify the winners and the losers in the market during the study period. Results show that six of the seven regions gained some market share. However, the lead winner was the region of Europe and Central Asia that saw its 1997 share grew more than 7-fold by 2012! On the other hand, the North America region, the only loser of all, lost three-fourths of its 1997 market share by 2012. Policy implications of these results for the regions are discussed.