EVIDENCES OF THE EXPONENTIAL GROWTH OF SERVICE SECTOR IN AND THROUGHT ASIA PACIFIC REGION

Jane Kristen

Abstract

Service sector growth in the Asia Pacific Region Rim which comprises of the Four Asian Tigers
(Hong Kong, S. Korea, Singapore & Taiwan) and The Tiger Cubs (Indonesia, Malaysia, Philippines
and Thailand) have shown a progressive increase in service led growth but regional cooperation
needs to prosper in the region. All of these countries are actively engaged in export of services, most
of their services were exported to the West, but post the mid 1990,s crisis, the regional market is
being explored and expanded.
This research paper investigates the service sector growth based on trade, employment value
addition etc. The paper also analysis pattern of service trade and trade partners for the region’s
nations and also looks into macroeconomic impact and implications from the policy point of view.

Keywords

Asia-Pacific Rim; Asian Tigers; Atlantic crisis, Global financial crisis; Growth in services; Tiger Cubs of Asia-Pacific; Service trade

Full Text:

HTML PDF MP3
Be a part of worldclass research: Publish with us